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Bullboard - Stock Discussion Forum TELESTA THERAPEUTICS INC T.TST

"Telesta Therapeutics Inc is a biopharmaceutical company. The Company is engaged in the research, development, manufacturing and commercialization of human health products and technologies."

TSX:TST - Post Discussion

TELESTA THERAPEUTICS INC > Insider trading
View:
Post by arch12 on Jul 26, 2013 10:43am

Insider trading

Insider trading is proscribed........when the insider possesses material confidential information that may be used for his or her benefit when trading in the securities of the corporation..........

geez......wondered why they weren't buying...........guess they'll have to wait till nov...hey

Comment by Nohandledzep on Jul 26, 2013 12:11pm
Arch... Do insider trading rules apply to option grants... if a company had just received an expression of interest by 2 well known biotech executives, and were expecting increased near-term interest, while asking uninformed shareholders to vote on a large option grant, would that be considered insider trading, or just a minor oversight? That inability to crest the 35 cent mark sure is ...more  
Comment by Nohandledzep on Jul 26, 2013 2:04pm
Arch ...I'd love to see the minutes from the BOD meeting that put together the December Option grant! You know, the ones that were granted in the midst of the GW overtures that we were not to hear about.  Since I don't have them I'll spray paint a piece of paper black and try to infer what was said!
Comment by peasoupfog on Jul 26, 2013 3:19pm
This post has been removed in accordance with Community Policy
Comment by Nohandledzep on Jul 26, 2013 3:51pm
The shed is marvellous... Pea, while I have you, can you tell me when Bioniche announced the trial cancellation? Was it 3 weeks after the AGM? I think it was Urocidin if I remember correctly... Boy it hit them out of left field didn't it. They had no idea is wasn't long for the world, or they surely would have tempered or entirely cancelled the option grant wouldn't they? Given how ...more  
Comment by Nohandledzep on Jul 26, 2013 4:19pm
Pea...if certain people play big boy ball, like I think they do, those options will be walled in below 35 cents for some time. If not, the float and McRae votes will increase substantially, at least in terms of a close proxy vote. Of course, as mentioned several times, they would have had no idea a proxy battle was brewing at the time of the decision to issue the said options, what with them ...more  
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