ASIC would consider it insider trading if a company is buying shares of another with both having the knowledge of price sensitive info not available to the market.
And shareholders who sold their shares on the market unbeknownst of such news could complain to ASIC.
I am not saying this is happening.
Just that I will be gobsmacked if TTY is buying, with the knowledge of any project yet to be announced. It is similar to a director of a company buying shares in his own public company knowing of an upcoming deal yet to be released to market and other shareholders.
I am sure it happens, but there will be a stink about it if it's the case.
Possibly it is more likely there is another buyers for IRL shares at the moment, and TTY is buying because of that?
IRL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
