A few days ago, my activist colleague last year, Ales Mashinsky, was ousted as CEO of MIFI. There was no quote from Alex in the company's press release announcing the departure, which usually means it was mostly not voluntary.
Alex lives in NYC. On becoming CEO, he had agreed to move to San D... (more)
Suppose you are considering investing in stock X. You think it is a great buy if A is true. But if A is false, it's a terrible buy. That means that if A is not out there in public, it is material inside information.
So if an insider tells you that A is true, you can't buy X based only on A ... (more)
I'm no judge. I'm not a lawyer. I'm not even a paralegal. Furthermore, I don't want to be any of them. Well, maybe a judge, that is a distinguished looking black robe they get to wear.
I digress. When I say you can do something legally, I could not only be wrong, I could be totally full of... (more)