Not true MrMozambique. The black out periods restrict Key Management Personnel from profiting from buying/selling shares due to insider information.
If an ASX announcement was to be released that is positive for the company, Key Management Personnel cannot buy before this announcement and vice versa, if negative information was to be released they cannot sell prior to the announcement for a given period.
If, Novonix begins to make ASX announcements, such as listing on the US OTC Best Markets or Supply Agreements signed with battery makers and the share price rises above the $1.63 average price.
Which means Greg Baynton missed out on higher capital gains in the next 2-4 weeks, as a result of these announcements, this doesn’t restrict Novonix from making these announcements.
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