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4.2¢ magnis energy technologies ltd

Ann: Change of Director's Interest Notice, page-12

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Youngie75

1,331 Posts.

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20/02/17

13:16

Post #: 22748759
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Originally posted by Papillons ↑

Yep, what bb said...this furphy has been flogged to death multiple times. ASIC has no hard and fast rules as far as timing goes (some companies/Boards do, but not ours), and advise that everything is a matter of individual context and assessment: company/Board need 'only' make the case to ASIC that this or that trade can be reasonably demonstrated to not represent an exploitation of not-declared-to-market knowledge. In the case of FP's smallish, regular, long-term superannuation fund buying there is just no chance in hell that ASIC would ever find that it was. The end.

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I agree Paps, FP could buy his monthly parcel 10 mins before ann the deal of the century and it wouldn't raise an eyebrow.

MNS Price at posting: 66.5¢ Sentiment: Hold Disclosure: Held
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