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Biomagnetics Diagnostics Corp. Message Board

  • bmgp_pumpn_dump bmgp_pumpn_dump Sep 9, 2009 11:38 AM Flag

    Go to Pinksheets dot com.....type in BMGP and read the

     

    severe warning about this stock.

    on the first page with the WARNING!

    :: INSIDER TRADING WARNING

    This company may not be making material information publicly available.

    If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.

    What is insider trading?

    Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.

    Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.

    Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.

    Why is Pink OTC displaying this warning?

    Companies that are identified on pinksheets.com as having “No Information” may be placing their shareholders at risk of violating 10b5-1 insider trading rules. Pink OTC Markets recommends that investors wishing to place a trade in such securities contact the company to verify it is making adequate current information publicly available.

    This topic is deleted.
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BMGP
0.0010.000(+25.00%)Aug 20 3:47 PMEDT

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