Topic: Jinn or Dog (Read 2758 times)

JMM · « **on:** December 01, 2003, 02:17:24 pm »

Hey guys, sorry to bother your busy day. While in yahoo forums for stocks, someone was wondering about ELAB and the restraining order that expired noon today, and also about the details of the lawsuit with Glaxo. My opinion is there would be no stories or links to them because if someone gave out that info it would be the equivalent of insider trading. Am I correct to assume that since corporate lawsuits involve investors money that no info may be leaked except what the judge says?

In case anybody else is wondering what this is about, last week ELAB had a field day on the market due to regulatory approval to produce and sell generic Wellbutrin, an anti depressant and also used in smoking cessation. Glaxo realizes their multi billion dollar corner on this drug is threatened now that patents are expiring and is doing everything it can to clutch on to it.

J'inn · « **Reply #1 on:** December 01, 2003, 03:32:22 pm »

Sorry I haven't been following it. As for "leaks" Everything in a trial is public knowledge unless the Judge issues a gag order. Very very rare and I doubt that just becasue investors are involved would be sufficient reason. However since I don't know the details I'm not exactly sure.

Doggy is in a better position than I to answer this.

Dogmatix! · « **Reply #2 on:** December 01, 2003, 05:45:28 pm »

Well, "insider trading" is basically acting upon (by way of buying and selling securities) priveledged information that is not known to the public.

I'm not sure how that would apply to your scenario unless someone on the "inside" made transaction decisions based upon "inside knowledge" (read: not public). As J'inn says...if it takes place in a trial, it's public record unless there's a gag order.

Without knowing more about the case, I can't tell if there was any "insider trading" involved. However, if there was, the SEC will be all over it, as will the media. That's newsworthy...heheh

JMM · « **Reply #3 on:** December 01, 2003, 06:55:59 pm »

Thanks guys. No, no scandal or anything going on like that, just the ban on shipping until the trial date is keeping the stock with low gains for right now. It went up to 2.63 gain then people started selling and it stopped with only a modest gain. People on yahoo message boards were surprised because it went down 2 bucks while they went to lunch, hehehehehe. Then someone asked if there was a link or site where they could keep up with the judge that imposed the restriction on shipments until the trial on Dec 9th. hopefully these trials on patents do not take long as Leda had a smoking gun stock and now mine is posting better gains than hers, hehehehehe.

Thanks for your time and posts.

JMM · « **Reply #4 on:** December 01, 2003, 02:17:24 pm »

Hey guys, sorry to bother your busy day. While in yahoo forums for stocks, someone was wondering about ELAB and the restraining order that expired noon today, and also about the details of the lawsuit with Glaxo. My opinion is there would be no stories or links to them because if someone gave out that info it would be the equivalent of insider trading. Am I correct to assume that since corporate lawsuits involve investors money that no info may be leaked except what the judge says?

In case anybody else is wondering what this is about, last week ELAB had a field day on the market due to regulatory approval to produce and sell generic Wellbutrin, an anti depressant and also used in smoking cessation. Glaxo realizes their multi billion dollar corner on this drug is threatened now that patents are expiring and is doing everything it can to clutch on to it.

J'inn · « **Reply #5 on:** December 01, 2003, 03:32:22 pm »

Sorry I haven't been following it. As for "leaks" Everything in a trial is public knowledge unless the Judge issues a gag order. Very very rare and I doubt that just becasue investors are involved would be sufficient reason. However since I don't know the details I'm not exactly sure.

Doggy is in a better position than I to answer this.

Dogmatix! · « **Reply #6 on:** December 01, 2003, 05:45:28 pm »

Well, "insider trading" is basically acting upon (by way of buying and selling securities) priveledged information that is not known to the public.

I'm not sure how that would apply to your scenario unless someone on the "inside" made transaction decisions based upon "inside knowledge" (read: not public). As J'inn says...if it takes place in a trial, it's public record unless there's a gag order.

Without knowing more about the case, I can't tell if there was any "insider trading" involved. However, if there was, the SEC will be all over it, as will the media. That's newsworthy...heheh

JMM · « **Reply #7 on:** December 01, 2003, 06:55:59 pm »

Thanks guys. No, no scandal or anything going on like that, just the ban on shipping until the trial date is keeping the stock with low gains for right now. It went up to 2.63 gain then people started selling and it stopped with only a modest gain. People on yahoo message boards were surprised because it went down 2 bucks while they went to lunch, hehehehehe. Then someone asked if there was a link or site where they could keep up with the judge that imposed the restriction on shipments until the trial on Dec 9th. hopefully these trials on patents do not take long as Leda had a smoking gun stock and now mine is posting better gains than hers, hehehehehe.

Thanks for your time and posts.

JMM · « **Reply #8 on:** December 01, 2003, 02:17:24 pm »

Hey guys, sorry to bother your busy day. While in yahoo forums for stocks, someone was wondering about ELAB and the restraining order that expired noon today, and also about the details of the lawsuit with Glaxo. My opinion is there would be no stories or links to them because if someone gave out that info it would be the equivalent of insider trading. Am I correct to assume that since corporate lawsuits involve investors money that no info may be leaked except what the judge says?

In case anybody else is wondering what this is about, last week ELAB had a field day on the market due to regulatory approval to produce and sell generic Wellbutrin, an anti depressant and also used in smoking cessation. Glaxo realizes their multi billion dollar corner on this drug is threatened now that patents are expiring and is doing everything it can to clutch on to it.

J'inn · « **Reply #9 on:** December 01, 2003, 03:32:22 pm »

Sorry I haven't been following it. As for "leaks" Everything in a trial is public knowledge unless the Judge issues a gag order. Very very rare and I doubt that just becasue investors are involved would be sufficient reason. However since I don't know the details I'm not exactly sure.

Doggy is in a better position than I to answer this.

Dogmatix! · « **Reply #10 on:** December 01, 2003, 05:45:28 pm »

Well, "insider trading" is basically acting upon (by way of buying and selling securities) priveledged information that is not known to the public.

I'm not sure how that would apply to your scenario unless someone on the "inside" made transaction decisions based upon "inside knowledge" (read: not public). As J'inn says...if it takes place in a trial, it's public record unless there's a gag order.

Without knowing more about the case, I can't tell if there was any "insider trading" involved. However, if there was, the SEC will be all over it, as will the media. That's newsworthy...heheh

JMM · « **Reply #11 on:** December 01, 2003, 06:55:59 pm »

Thanks guys. No, no scandal or anything going on like that, just the ban on shipping until the trial date is keeping the stock with low gains for right now. It went up to 2.63 gain then people started selling and it stopped with only a modest gain. People on yahoo message boards were surprised because it went down 2 bucks while they went to lunch, hehehehehe. Then someone asked if there was a link or site where they could keep up with the judge that imposed the restriction on shipments until the trial on Dec 9th. hopefully these trials on patents do not take long as Leda had a smoking gun stock and now mine is posting better gains than hers, hehehehehe.

Thanks for your time and posts.

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