Always worth a crack...
Just had a read back on CLI's trading policy, pretty boiler plate, does specifically mention insider trading including family members as well as no key person trading within two weeks of a quarterly report.
I note insider trading penalties can be up to 3x loss averted - although this would probably be held by the regulator?
If a director was found to be in breach of the companies trading policy or have facilitated a breach - for example providing information to a blood relative then there might be cause to take a case against them as a director?
I would expect the board of an early stage speculative company to be holding a robust D&O insurance policy so even if the company and directors go/claim to be broke there could still be some gold at the end of the tunnel.
A recent NZ case of interest may be the collapse of Mainzeal which resulted in a multi-million dollar claim against the directors (including a former PM) which well exceeded their D&O.
- Forums
- ASX - By Stock
- OLY
- Dorian’s group for possible legal action Ideas.
Dorian’s group for possible legal action Ideas., page-37
-
- There are more pages in this discussion • 300 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OLY (ASX) to my watchlist
|
|||||
Last
3.3¢ |
Change
0.005(17.9%) |
Mkt cap ! $2.821M |
Open | High | Low | Value | Volume |
2.9¢ | 3.3¢ | 2.9¢ | $9.13K | 306.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15937 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 57144 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15937 | 0.033 |
1 | 199687 | 0.032 |
1 | 116567 | 0.030 |
2 | 43365 | 0.028 |
1 | 39993 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 57144 | 2 |
0.040 | 11028 | 1 |
0.045 | 3500 | 1 |
0.050 | 26554 | 2 |
0.090 | 179841 | 2 |
Last trade - 15.27pm 28/06/2024 (20 minute delay) ? |
Featured News
OLY (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online