Int'l Wayside Gold Mines Ltd (IWA-VSE) Message Board

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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE)

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To: Enigma who wrote (1213)	6/23/2000 10:23:00 AM
From: Elizabeth Andrews	Read Replies (2) of 1321

I think that the halt of IWA has to do with the issue of insider trading. It is okay for an insider to trade once all the information, material or not, about the affairs of the company has been released. Clearly it's not okay for any insider to trade on information that is in the possession of any insider whether the insider trading is aware of the information or not. It is the responsibility of the insider to know what is going on and trade accordingly. All the insider has to know is that the company is involved in a potentially material event and he should not trade in the stock. So they are probably trying to match the insiders trades with the time material information was available. Trading from a control block is another issue that is even less poorly understood, as a control block can mean the effect of several people, none of who own 20% but if they act in concert it has the same effect as one block from a regulatory point of view.

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