insider trading?
Discussion
I'm in the process of starting up a new firm and it is likely that a small PLC will be bankrolling it - they will own a considerable amount of shares.
Before I got involved with the PLC I had a number of private investors wanting to be involved - would it be considered insider trading/dealing if they (the private investors) bought shares in this PLC on the basis that they believe my venture will result in a price increase in that PLCs shares?
tia
dan
Before I got involved with the PLC I had a number of private investors wanting to be involved - would it be considered insider trading/dealing if they (the private investors) bought shares in this PLC on the basis that they believe my venture will result in a price increase in that PLCs shares?
tia
dan
thanks for that.
It's not public knowledge that the PLC may invest.
The business plan isn't complete yet - i've been working on it for two weeks and I'm about 50% of the way through it!
the private investors are interested in the concept rather than the details and I know most of them so it's me they're backing really. I didn't ask any of them to invest - they volunteered nor did I suggest that they buy shares in the PLC.
I doubt the accounts will show a huge increase this year but possibly next.
thanks again
dan
It's not public knowledge that the PLC may invest.
The business plan isn't complete yet - i've been working on it for two weeks and I'm about 50% of the way through it!
the private investors are interested in the concept rather than the details and I know most of them so it's me they're backing really. I didn't ask any of them to invest - they volunteered nor did I suggest that they buy shares in the PLC.
I doubt the accounts will show a huge increase this year but possibly next.
thanks again
dan
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