Furthermore, it is illegal for any person in possession of material inside information to provide other people with such information or to recommend that they buy or sell securities. In such case, both the person who provides and the person who receives the information may be held liable. The securities Laws also subject controlling persons to civil penalties for illegal insider trading by employees. Controlling persons include the Company and may also include directors, officers and supervisory personnel. A person who uses such information for personal benefit or discloses it to others outside the Company violates the Company's interests and commits a fraud against members of the investing public and against the Company.
Options trading is highly speculative and very risky.
People who buy options are betting that the stock price will move rapidly. In such cases it is difficult for an employee to prove that he or she did not know about the announcement or event. If information of a material nature regarding corporate activities, developments or discussions becomes or threatens to become known to outsiders, the corporation is required to make prompt and thorough disclosure of such information to the public. Corporate matters subject to such guidelines have been declared to include negotiations leading to acquisitions and mergers, stock splits, the making of arrangements preparatory to an exchange or tender offer, changes in dividend rates or earnings, calls for redemption, new contracts, products or discoveries and other material developments. This Policy applies to all directors, employees and agents of the Company without regard to nationality or country of residence.