08-30-2014, 05:38 AM
'Palm' pid='49032' datel Wrote:That's what I'm thinking. He's been advising IOC on contracts etc per that "resume" I linked to and now that he's had time to really look at what they have, he wants in. Doing the work he did when with OSH gives him great experience in PNG. If he's joined the company, that's a pretty strong endorsement.
I believe that under US rules one need not be an employee so as to fall under definition of "insider." Don't know about other countries, but the logic is that he knows so much sensitive information that he effectively is an "insider." Or perhaps he simply is behaving prudently should his investment yield outsize returns in the future. We all hope.
katytrader