'amazing to think that all directors are unanimously happy to flout disclosure laws and be charged.'
Who ever suggested this. I think you are reading one thing and jumping to a conclusion. The VP leaving would not generally be a notified event. Nor would memos from the NB - pretty normal events for a company at this stage of development. As some of us have tried to articulate, the process of regulatory approval of generally somewhat more difficult and time consuming than many HC posters believe. Apparently this is downramping and folks looking to steal shares from others at a lower price - LOL.
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