"Regardless of the rules, strictly speaking they could be unaware of a contract about to be advised by a customer/partner, which they would then have to disclose immediately if it was price sensitive.""Correct even if you are in negotiations you are not in the knowledge of when the said customer is going to agree to all the terms and which date this will occur "
So you each think Coby may suddenly get a pleasant surprise when he wakes up one morning to find they have a commercial deal signed?
Ann: Increase of Director's Interest Notices, page-18
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