PDY padbury mining limited
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Is there anything actually illegal about buying shares in a...

  1. Fibonarchery
    12,525 Posts.
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    20/04/14
    17:45
    Post #: 13269345
    Is there anything actually illegal about buying shares in a company you are about to offer finance to, knowing your offer will make the price go up?

    I dont actually think there is.

    Morally maybe, but not legally.

    Its not insider trading - if Gary bought shares knowing he was negotiating finance that would be insider trading.

    But he didnt as far as Im aware, and I dont see any legal issues for Roland/Super Alliance buying shares in PDY pre-deal.
    PDY Price at posting: 3.3¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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