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Thanks Possum, would ASIC class it as insider trading if the...

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PerryWinkle

47 Posts.

12

28/06/24

13:37

Post #: 74521985
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Originally posted by possum2: ↑

Perrywinkle,

"""If management and those in the know seriously suspect that we are going to get the huge IRA grant then would it be fair to say that they should start buying at market ASAP? """

With all due respect that would be the last thing they would be doing. ASIC does not take kindly to those that are involved in the running of a company to participate in insider trading. On the contrary, if you see management buying heaps of stock at this point in time you are more likely not to see a good announcement for a period of time.
Any serious negotiations that might be going on behind the scenes would bar anyone close to the company from buying shares. As it should be.

The risk of losing ones job or worse still going to jail are very real. Management teams know the rules, and therefore you very rarely see someone who has crossed the line.

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Thanks Possum, would ASIC class it as insider trading if the management team did not know that they were going to get the IRA grant but 'suspected' it may be so, for no other reason that they presented a highly well presented application?

VRC Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.001(11.1%)		Mkt cap ! $20.79M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$10.35K	2.22M

Buyers (Bids)

No.	Vol.	Price($)
44	28940873	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	3653774	6

View Market Depth

No.	Vol.	Price($)
44	28940873	0.004
14	14957049	0.003
14	25491525	0.002
10	28167000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	3653774	6
0.006	20119805	28
0.007	7692551	8
0.008	5295275	10
0.009	5671149	8

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