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Message: The PNP Debentureholders extention again?
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It is not illegal to be privy to insider information, it is illegal to trade with that knowledge.

I would argue that in this case, NOT trading (i.e., "liquidating") the most valuable stock in your portfolio, in spite of a breached debt covenant -- because you received an inside tip to hang on a bit longer -- is the equivalent of acting upon inside knowledge. If that is what is happening, of course.

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