Another question for the forum In accordance with the trading...

Another question for the forum

In accordance with the trading policy that was given to the market on the 6th july under section 1.6 Exclusions.......... , does this mean that no body in the company is aloud to give the wink, the nod the secret hand shake to any body else outside or within the company , or family or distant relatives or friends the go ahead to engage in shorting activity ?????????? -

Is the directors and board members who may not directly fall under the definition of employees , does that mean they can ?

" 1.6 Exclusions
The following dealings are excluded from this Policy:
(a) Dealings in the Company’s securities which do not result in a change to the beneficial
interest of the securities;
(b) Acceptance of a takeover offer; and
(c) Trading under an offer made to all or most shareholders.
If any Zip Personnel possess inside information that is not generally available, such person is
prohibited from procuring any other person to deal in those securities and from directly or
indirectly communicating the informationtoanotherpersonwhothe Zippersonbelievesislikely
to deal in, or procure another person to deal in, those securities. To do so runs the risk of the
commission of a serious criminal offence."

Further more , the policy outlines on page 3, section 1.3 , the periods your not allowed to trade which are

Lead up to release of Half Year results:
Lead up to release of Full Year results:
Lead up to release of Q1 results:
Lead up to release of Q3 results:

Does this mean they can trade directly after these dates ?? or short if they wish ? given that the short position increased after the report was release is raising some question as to why the company continues to borrow out shares whilst asking for more cash ?

Final question

Why was it necessary in the first place to provide this policy to the market as opposed to Larry and Peter staying quiet on every thing else ?