Surely it is a given that the management of a company know facts that are not known to the 'outside' world. In any company that would be the case. They would have to do their work in a total void not to!
Where I see there could be a perception of insider trading is: if they exercise options this time, and they have failed to do so in the past.
Bad timing seems to be the cause of concern here. They have ended up being in a difficult position with the share price at 25c.
I'd have thought 'exercising of options falling due' is treated differently to actually buying shares on the market with knowledge of information that has not been released. Does anyone know the legalities here?
Still checking the box for mail!
Cheers & good luck to all for oz lotto :)
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- spotlight on mae, 30 june 2009
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