ilovepelosi U have been right as this stock cratered. From strong sell to Hold in your posts I hope you're now on board to watch MBLX move higher but I detect your inclination is for MBLX to go down. Could you finally be wrong?
ilovepelosi wrong. Insiders can buy or sell whenever they want. They just can't disclose material information to others who could trade on the information.
SUMMARY: The Securities and Exchange Commission is adopting new rules to address three issues: the selective disclosure by issuers of material nonpublic information; when insider trading liability arises in connection with a trader's "use" or "knowing possession" of material nonpublic information; and when the breach of a family or other non-business relationship may give rise to liability under the misappropriation theory of insider trading. The rules are designed to promote the full and fair disclosure of information by issuers, and to clarify and enhance existing prohibitions against insider trading.
EFFECTIVE DATE: The new rules and amendments will take effect October 23, 2000.
Does anyone have a more current short number? Shorts seem to be sticking like glue for the past year. The only way they'll disappear is for MBLX to break through about $2.60 with conviction. I can't believe the shorts are still around even after MBLX hit $ 0.71 cents a share. They must believe there's more downside.