Rod - I have a question to ask about Mr. Orton sending you company -related e-mail that is not public information, or is it? No, I am not, nor have I ever worked for a regulatory body of any kind, nor would I. I don't want to open a can of worms, but a question for JO, have you cleared this the corporate attys? If you have, more power to you, if you haven't, I would think it prudent to do so.
As a financial analyst in the late 60's through early 80's I had an interesting situation occur to me. The Co. whose ann. mtg. I had just attended was located directly next door to a company (also public), and the second company was totally ablaze, in fact there were not even fire engines there yet.
Having a small holding in the company on fire,( and I really mean on fire), as well as having a friend in the stock also. Between the two of us we had no more than $5K in the stock. Well off to the pay phone I go not really knowing whether I had inside information,or knowledge of just a chance happening, or in thenormal course of business. Because I was just leaving an ann. mtg., and chanced on the scene, I said to myself - what the hell, and sold the stock. It was one of the ways to make money back in the "old days". I most likely lost the "insider trading" money I profited on in a subsequent trade anyway.
This is a very sticky area with the SEC, although enforcement is selective as in the cases of Michael Millikan,Bernie Cornfeld, et. al. I just wanted to call this
to the attention of JO. |
