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Finally, but most impor tant, the Exchange should immediately amend the pres ent rule that restricts a non insider to no more than 25percentnt ownership in a firm.
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Of the 150,000 people attending and those reading the art press, how many non insiders are being introduced to new artists or getting excited about a career in the arts?
That's, of course, why the SEC later on adopted Reg FD, a non-insider trading response to the selective disclosure dilemma.
Additional collateral and guarantees were given by Exide and certain subsidiaries to the Prepetition Lenders just outside of the 90-day non-insider preference period.
In other words, the financial markets responded as many of us non-insiders predicted.
In the face of the Enron-Andersen scandal, politicians have not taken steps to assure shaken investors about the accuracy of corporate financial statements or to provide a level playing field for insiders and non-insiders alike.
Fortunately, however, the company is quite open (there are scores of official and unofficial blogs accessible through the company's website, for example), and non-insiders can find countless clues as to how the company approaches innovation.
Non-insider shareholders of MessageMedia will divvy up just $5.3 million; those of MyPoints.com, $51 million.
And I don't believe the injection of ads has slipped into public (non-Insider) version of the Mail app yet.
The so-called Official Committee has maintained that the firm's restructuring plan blocks non-insiders and allows for millions of dollars in perks to go to the eponymous billionaire himself.
Washington and Wall Street only think about Main Street when they fear that some non-insider might notice their actions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com