Good God, Bills, I wasn't insinuating anything at all. I was asking you to think through all of your assumptions, beginning with those of the pumpadoodles.
No insider in a public company can trade shares when the company is in possession of material information, as a simplistic generalization. During the writing of a PEA, I would argue that the materiality issue is constant, i.e. a trading blackout exists throughout.. That also applies to options. It's nearly two years since the PEA contract was announced. Have you seen any insider exercising their options, even though they are in the money? Why?
As NC pointed out recently, Aubrey paid a fraction of a cent per share. Meanwhile, he's getting a large salary, and travel expenses, etc.
But, let's imagine, for a moment, that materiality is not an issue. If Aubrey started to sell blocks of shares, as just one example, what would you do? What would you think?
The idea that management has not sold shares is totally irrelevant, if you have a clue.
Lar |
