OSC bans, fines former WeedMD chairman Kraft
2024-07-09 19:20 ET - Street Wire
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In my opinion, the tipping charges against Kraft are complete bull. Tipping is a whisper to a friend, not a lengthy email exchange with contracts and drafts of press releases plus multiple phone calls. Kraft appeared to only be looking for Stein's input on the transaction, as he probably did many times before. Stein was not just Kraft's friend, but a lawyer and longtime business associate. Stein's insider trading is another matter altogether. He broke insider trading rules and has no viable excuse for his actions. He should have known better and should be punished. For Kraft to get fined more for his actions is absolutely ridiculous. The OSC got this wrong. End of rant.
Posted by reality check at 2024-07-10 09:27
Timely disclosure. B S lawyers always say don't say anything, but, as soon as negotiations start should be a news release, then no one gets a zz f ked by advertent or inadvertent whispers....this timely disclosure issue is the problem with the current market... no news to the public means nothing happening... surely each day all these zombie deals have something they working on... phone calls to the phne list telling it whats happening is actually tipping...news release reaches more people and is disclosure and real interest can be garnered...
menawhile with WEED, non of those "..going to be first $100 pot deal..." postings by marketing department and official promoters has gone untouched...
Posted by oh at 2024-07-10 13:45