"insider trading" In this instance is "insiders", that is officers of the company, trading their stock - which is perfectly legal. All they have to do is file a form 4 so that people know what's going on. The logic is that the public should know what "insiders" are doing in order to make an informed investment decision. Of course,an officer could be selling just to come up with some cash for an expense. "Insider Trading" in the nefarious sense is not waht is being discussed here - i.e., trading on "inside" (non-public) information, which is illegal. I'm bored today. Sorry for the tutorial.

Yeah, come on, give us a break. Your first post was a good start. But if you don't understand a single thing about public companies, don't write bullshit posts like this. We thought you were going to do an expose on PlanetOut, which certainly deserves a good hard look from a real journalist at this point in its unfortunate history. Instead you just proved you don't know dick about NASDAQ.

James, 2:04 am? Were you drunk? Give him a break - at least he was trying and was probably desperate for a post! Happy weekend, everybody.

OK, perhaps I was a bit curmudgeonly/rude/a total asshole. My apologies (hiccup! time to give up that sherry). Here's what I should have said: "Hi! Great post and topic, but a bit off the mark if you ask me. The big problem with PlanetOut is that it spent all of the money it raised buying businesses that don't make any money, but which happen to be gay. Generally, when an Internet company goes public, investors expect it to buy other web companies that will make it a lot more money, not random, unprofitable cruise lines and magazines. Yes, it's nice these are other gay businesses, but imagine how investors would respond if MySpace.com announced it was acquiring Seventeen magazine and Princess Cruiselines, and then posted increasing losses the next four quarters. Ummmm..."

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Umm, ok I see that the company is loosing stock market value but where does this article demonstrate the company and it's supportive members are actually corrupt?

Please, please explain it-none of this trading stock that's worth $o makes sense to me. Explain it to me like I'm 4. How is does this prove Plantetout and it's members are corrupt?

Lottie, I think Queerty may have been talking tongue-in-proverbial-cheek. I don't think he's saying PlanetOut members are truly corrupt (although I've met a few who... in my younger years... well... shall we say... corrupted me), but that its management is corrupt. And I'm not sure corrupt is really the right word. "Desperately lacking in any strategic direction..." "Up sh*t's creek without a paddle..." are maybe two nicer ways to put it. Which leaves the door open for someone new to become the next queen/king of gay media. Someone like... Queerty?

Yeah, lame name "insider trading" for what is completely legal trading of shares by insiders. Not the stuff Martha Stewart was allegede to have done with her tips.

But the info should be public so that anyone who owns this stock (Does anyone know anyone show owns this stock?) can go and sell it now. Because if all the losers in San Francisco who run this company don't believe in it enough to keep the stock: Why should anyone else?

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