Quote:
Originally posted by BradShaw
Believe it or not, I have some morals and business ethics. Buying Acaccia stock has never crossed my mind. I would also be concerned of the legal consequences, as I get some "insider" info and know of some licenses before the are announced.
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I would think it qualifies as insider trading.
---i.e.,
Big porn company is in non-public negotiations w/ Acacia, gets the sweetheart deal, buys stock prior to settlement being made public, maybe even convinces other big porn co.s to settle...
Settlement PR goes out, stock jumps- looks like trading on insider info.
I'm sure the SEC would be all over this like a cheap suit.