Good luck proving that it was insider trading... the ASX queried the company on the events surrounding the release of information and they seem happy enough with the response. We will see if there is any further action in the future but it seems that they have accepted the companies response.
He is only stupid if he did indeed know about the announcement when he bought the shares and the company has said that he didn’t. So by you implying that he is an idi0t you are assuming that he is guilty of insider trading and correct me if I am wrong but in this great country of ours is a democracy the last time i checked and within our legal system one should be considered innocent until proven guilty.
So go ahead and sue the guy if it will make you happy, go do the American thing and
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