Melua's action and the insider trading are completely different.
Remember, Melua sold on the DOWNSTROKE, BEFORE the insider trading occured. So even if there was no insider trading, and BEPPA stayed at $0.07 before the announcement (and subsequently shot up to $0.39-odd), Melua would still have sold out and missed out on the gain.
While I hate the fact that insiders get free reign to print money (and ASIC is too weak to do anything about it), it has nothing to do with Melua selling.
Whereas his action, whilst I think it has significant merit, I just dont think it is the lay down that he thinks it is.
And Melua, if you dont want people to voice their thoughts/opinions, DONT POST THAT YOU ARE TAKING LEGAL ACTION ON A STOCK FORUM !?!?!
Thats the whole point of a forum, to get other peoples ideas/thoughts/opinions. You seem to use it as a means to get your thoughts accross, and completely dismissing out of hand other peoples opinions.
BBI Price at posting:
3.6¢ Sentiment: Sell Disclosure: Not Held
