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Technology Stocks : Newbridge Networks

NN 16.12

+1.6%

Dec 8 3:59 PM EST

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To: micromike who wrote (5982)	8/15/1998 9:58:00 AM
From: Peter Moss	of 18016

According to their own regulations: (securities Acts and Can.Bus.Corp. Act) "...the insider must report details of any change from the previous report within 10 days of the end of the month in which such change takes place..." This rule applies to BC, Manitoba, Ontario, Nova Scotia and Newfoundland. "...In Alberta, Saskatchewan and Quebec the report is due within 10 days of the change. ..." The OSC weekly bulletins supposed to list all most recent insider trading. The bottom line is that when insiders want to dump their shares, they can do it without you or me knowing about it. They can file reports later (1,2 months) and pay some fines.... The regulation should be changed so that the intention to buy/sell by an insider should be made public before the transaction occurs. This would protect an average investor. The regulation that they have now is not serving any purpose.

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