10-01-2014, 10:56 AM
'Palm' pid='50277' datel Wrote:Saying that is possible JDEO as hearing that SOMETHING is keeping execs from buying. Could just be a smoke screen but as Tree says, Brown bought and he would have been privy to drilling material news you would think. Then this release today on drilling update had really nothing that would by definition be material. So IF they can't buy you'd think it has to be some other material item(s) which if disclosed, would jeopardize whatever it is. Not only that, they would have had to disclose this item to regulators AND the regulators would have to agree that it should stay confidential as long as is reasonable. Sounds like a long shot to me, but it would be the only acceptable reason for these execs to have not bought "substantial" shares by now under the IOC Insider Trading policy. If Laurie Brown could afford it, at least some of existing management likely could too (or two or to).
That makese perfect sense and I agree. if they are not buying shares like Brown (per Tree's reasoning pertaining to Brown) that would be an acceptable reason. other than that I would scratch my head as to why they haven't. I think I understand what you are stating and it is a logical thought in my opinion for sure. Good reasoning and I hope you are correct. I keep thinking to myself that something has to be going on behind closed doors to which we simply cannot be privy. Then I get frustrated that we don;t get much feedback. Talk about putting your faith and treasure behind something that you are blind to. I certainly hope they are sitting on a good hand here, for all of us invested.
Thanks for clarifying.