Director selling shares- clarification urgently needed Hi Steve,
you mentioned a few weeks that Michael had in fact sold a portion of his shares. According to SEDI (System for Electronic Disclosure by Insiders) Michael was required to disclose his transaction within 5 days. There has been no filing on SEDI meaning one of two scenerios:
1. He has NOT sold his shares (which would bring me to a secondary question- why had you double down that he had in fact already sold and his sell order had been filled?)
or
2. More worriesome, as an insider he has broken the rules and didn't filed his report which is required by law. Which then brings forward the question of how many other insiders has been selling their shares and not reporting?
Please advice and much appreciated.