code of conduct question

I'm hoping it's not so, so I'll let someone else confirm or refute it, BUT I think I read Biota's "code of conduct" prohibits employees from trading shares less than 20 days before a price sensitive announcement. As much as I prefer to stick the boot into Peter, this one goes to DR James Fox, our new chairman, who bought 110,000 @ 66.5c on the 6th April.

A fortuitous 20%+ profit in two weeks, and only 16 days before GSK's scheduled Q1 announcement, and 17 days before BTA's announcement that follows naturally the next day.

Peter told us Biota's relationship had normalized with GSK, but no one really believed they were buddies again. If the GSK announcement is positive, it drops Jamie right in it; if it's not he's still in it, just not so deep.

I expect the "code of conduct" will be as rigouously enforced as it was on wayward ministers by PM John Howard.....




....in the later years.