People will no doubt tell me welcome to Australia but to me at least this is absolutely extraordinary if its true. A company director telling one individual that he is coming out with positive price sensitive news in the next few days. So your supposed to then just buy the shares and make money of the guy who doesn't realise that such news is imminent?
If this is not illegal in Australia, its certainly not the way that any financial markets were ever intended to operate. Again, I don't know how things work in Australia. But in the UK its up to the individual to judge whether he has inside information or not ESPIN. It makes no different that Jason Brewer says its ok to release, or indeed for you to trade. This is not the UK I realise but assumably the little ripper is going to list there in the near future. Well, in fact it was supposed to be listed there by the end of March according to your mates.
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