10-01-2014, 02:37 AM
Getit, what makes you think I was talking about drilling info as far as materiality? You need to read and re-read. I stated that legals were supposedly working on how execs could buy when insider window is open when they know what they know.
And you prove my point on execs (outside of Brown who just joined the mgmt. team); if there is no undisclosed material info, they have had plenty of chances to buy "substantial" holding of stock as required by the Insider Trading policy. As my initial post states, the ONLY reason they would have for not buying would be if they have filed a confidential material change filing with regulators. As Tree states, given the Brown purchases the filing (if done) would have to be for something other than drilling, or they should have purchased stock by now out of their own pockets. Also IMO Hession's $500k bonus per T should have not been structured as a cash payout. As CEO it should be that he gets 1/3 up front, 1/3 is required to be used to buy stock, and 1/3 he gets when the Ts are monetized in a deal.
And you prove my point on execs (outside of Brown who just joined the mgmt. team); if there is no undisclosed material info, they have had plenty of chances to buy "substantial" holding of stock as required by the Insider Trading policy. As my initial post states, the ONLY reason they would have for not buying would be if they have filed a confidential material change filing with regulators. As Tree states, given the Brown purchases the filing (if done) would have to be for something other than drilling, or they should have purchased stock by now out of their own pockets. Also IMO Hession's $500k bonus per T should have not been structured as a cash payout. As CEO it should be that he gets 1/3 up front, 1/3 is required to be used to buy stock, and 1/3 he gets when the Ts are monetized in a deal.