Well Gordax, there is insider trading, good business practice,...

Well Gordax, there is insider trading, good business practice, and bad business practice?
Good business practice. Any key insider (ceo, gm, directors etc) wishing to trade during a blackout period needs to seek Chairmans approval beforehand. Chairman will need to assure himself, that the key insider wishing to trade has no knowledge of special information not available to the public, that if released to the public will impact the share price. In this case, knowledge about how the portfolio performed since 1/10/2017, and the CTN’s “live” NTA. As Portfolio Managers know their Portfolio Valuation, and hence NTA second by second when the market is open. Acid test......will releasing that nta have affected the share price?
Good business practice..... no trading by key insiders during blackout period. The optics is never good, even if there was no evil intended. That is why its called a blackout period?