Ok, I admit, I'm a little off base here so I'm backing off a bit. But things can transpire without the MD. The MD in all companies operate at the discretion of the Board. While technically part of the Board, they report and sit at the discretion of the board.
The point I should be making is that I think it's ludicrous to think both men would take such an illegal risk. Not only that, but once they bought, if they knew, then the ENTIRE Board becomes culpable for not taking action and reporting the violation. So then we have a situation of six people facing legal action.
I have spent hours with CC every year and whilst I may have been questioning the management decisions of late, I have never questioned his integrity. So I think it's bad form for some posters to start crying "insider trading".
I do think IGR is going too cheap, but such is life. More than likely it's a done deal. I've been here in IGR for close to six years, made quite bit from previous selling and started buying again after CR. I've been in favor of a merger between these two companies since after the Avoca deal. I think the combined company will be worth much more than the parts.
But back to the beginning, I stand corrected.
IGR Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
