You are soo Incorrect
1. NO DIRECTORS don't need approval from other directors to sell out, sometimes pay remunerations require you to hold out stock for a certain period, usually underwriters and private equity firms have to do that.
2.NO THATS NO SHORT SELLING, SHORT SELLING ISN'T WHEN YOU HOLD STOCK FOR A SHORT PERIOD.
Even if there is a capital raising and he sold out its not illegal, if he sold out knowing that there is bad news on the way then its illegal
what if the poor guy needed money, have any of you worry warts thought for a second maybe the guy needed money and maybe to be announced that as a form of payment rather in cash to directors they might just get awarded in shares???$ s:
You are soo Incorrect 1. NO DIRECTORS don't need approval from...
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