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Mike, Would you have a problem with a law requiring abortion providers to show their patients graphic before and after pictures of aborted fetuses? What goes around comes around.
"Well now I'm screwed. I can't sell" was just an incorrect post hoc impulsive reaction to the news that magagement was going to screw its shareholders. It was not a promise he made as a condition of receiving inside information so legally it is meanigless. "Tag, you are an insider,” is not the law – nor should it be! Otherwise, any CEO could unilaterally prevent anyone he wished from trading in his company's stock.