GCN 0.00% 0.7¢ goconnect limited

delay in lodging annual report, page-43

  1. 8,532 Posts.
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    I think we are confusing two distinct concepts - inside information and insider trading.

    So what do the experts say?

    http://www.armstronglegal.com.au/corporate-crime/insider-trading/laws

    What is inside information?

    "It is information that’s not generally available, which is likely to have an effect on the value of a financial product."

    What is the definition of the offence of insider trading?

    "It is an offence under the Corporations Act to trade using inside information, or communicate inside information to others who will, or are likely to, trade on the inside information."

    So having fantasies, or telling porkies, about GCN on HotCopper is presumably not an offence, though the mods can smother unsubstantiated information.
 
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