Comments by "HKim0072" (@HKim0072) on "Did ADOR's vice CEO use undisclosed insider info to sell shares?" video.

@MrUncleBob Dude - that was an example. I have no idea of all the information / timeline on this issue. A simple search will show, he sold on the 15th. Audit news broke on the 22nd. via AllKpop. This communication likely triggered the audit, so it was send the week before the audit. This sale occurred just before ADOR's management sent a communication raising suspicions about HYBE's management, which is believed to have been based on undisclosed information.
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@MrUncleBob Because that is the lower limit of semi-normal business. They are always debuting new groups. The devil is in the details. The regulators would need clear cut written information ie "wow, her press conference is a big deal. Could definitely hurt the HYBE stock price". Anything less likely will be a gray area. Maybe at most, he would have to give up the losses he avoided (if that).
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Max recent price of HYBE is around 230K won. It's now about 194K won. That's -15% difference. "If" it was insider trading, they sold for an extra 34K won, lol. Seems pretty inconsequential right? Wrong! Our high priced outside counsel would come annually to warn us about insider trading cases (this was in the States). They would tell us about some cases where people had really really good jobs. Lost their job, had to pay back the gains and some went to jail for a couple hundred K dollars in profit. Obviously there are bigger cases, but they wanted to tell us about the smaller more realistic cases to scare us. Me, I would either (1) sell my shares before a good earnings report or (2) right after. Got really murky because I always held material non-public information. Basically, I always knew the forecast. Also, even when my parents would ask about work, I would just say, "everything is ok". And, once they gave me a list of names to look at and to see if I knew any of them after we had a change of control. One of them seemed to be the same name as one of my cousins that I hadn't spoken with in many years (same last name). Our outside counsel did a short interview and then they took my laptop and copied all the data.
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I don't know Korean securities law. In the US, it's about ownership of material non-public information. If the dude had information that she was going to vie for control, it could certainly qualify. But, it's not clear cut. Generally, a weaker case since it doesn't involve a 3rd party ie he's not instructing someone to short the stock.
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