The Australian Securities & Investments Commission (ASIC) stated Kimelman was Quantum’s director and chief executive when he applied for and procured the acquisition of almost four million Quantum shares between April 13 2016 and May 5 2016.ASIC also claimed that Kimelman had inside information regarding Quantum’s intention to purchase Manitoba Minerals at the time the shares were procured.Each of the insider trading charges carried a maximum penalty of 10 years’ imprisonment at the time of the alleged offences, ASIC stated.However, the maximum penalty for insider trading was lifted to 15 years’ imprisonment in March last year.The matter has been adjourned to a committal mention hearing in the Melbourne Magistrates Court, which will take place on August 4.
thoughts guys? Maybe this upcoming event is part of share price current performance?
The Australian Securities & Investments Commission (ASIC) stated...
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $32.88M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 13.0¢ | $101.2K | 766.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11595 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 63372 | 2 |
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| NVA (ASX) Chart |