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Aside from the timing of the trade and the fact that the calls took place, everything in that report is based on the word of the CEO of Mamma.com. I honestly d
by calambrac 18y ago
Aside from the timing of the trade and the fact that the calls took place, everything in that report is based on the word of the CEO of Mamma.com. I honestly don't know if that matters, I'm not a lawyer and I don't play one on tv. But if it does matter, if the line between legal and illegal is whether the other party told you that you were receiving private information, then it's pretty shitty that you could be found guilty based only on that other party's say-so, don't you think?
- deleted 18y ago[deleted]
- nadim 18y agoI'd say the timing is a pretty strong indicator, although you're right, this isn't the same as proof. "On June 29,2004, Cuban sold his remaining 590,000 Mamma.com shares during regular trading at an average cost per share of $13.2937. On June 29,2004, at 6:00 p.m. after the markets had closed, Mamma.com publicly announced the PIPE offering."