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19:17
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Originally posted by JB1975:
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Hey, I'm not saying they are insider trading as the term is strictly defined, (I'm glad they are buying to be clear - if "kudos" wasn't), but as directors they certainly have more information than I do. detailed and agreed core terms for the Fujifilm to provide clinical and commercial manufacturing services for, and supply of, Cynata's Cymerus therapeutic mesenchymal stem cell (MSC) products"And these are those detail and core terms here: - there's Key highlights and there is some text so readers have to infer what those detailed and core terms might be from the text as best they can - but the directors would know what they are. The SPA (Strategic Partnership Agreement -already signed) sets out the core terms to be (future tense) incorporated in the MSA (Manufacturing Services Agreement) for Fujifilm to undertake technology transfer, process validation and manufacturing under stage-by-stage commercial, arms-length arrangements. " and "Details of the initial stages of the process are being finalised and Cynata has made an initial in-principle expenditure commitment of US$2m." (being finalised - future tense) And "Cynata and Fujifilm intend that Fujifilm will have first rights to manufacture clinical and commercial requirements for Cymerus therapeutic MSC products" (intend - future tense).MSA between CYP and Fuji headings 1) Technology transfer 2) Process validation 3) Manufacturing under stage-by stage (not told what the stages are) details in real time like when agreements are signed necessarily (and by getting details rather than just headings) do have more information than just you or I do from the summary public announcements.
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Every company is in one way or another involved in negotiations/deals/commerce with customers/suppliers/competitors every day of every week. Most of this information is only available to insiders, not shareholders. Based on your logic, the vast majority of directors would never be able to buy or sell shares in companies they represent.
(20min delay)