RE: Letter of complaint sent12 Jul 2018 13:18
There are 2 issues here:
1. Dr. Janchiv Oyungerel is a PM board member, a major shareholder of Petrovis, an influential person in Mongolia and therefore what I would refer to as a (real) big hitter - and this not just since yesterday. People with that type of standing must know and apply the rules - they do not stand above regulatory requirements - full stop.
2. She sold 1Mio shares for £120,000. That doesn't look like she actually wanted to take advantage of insider knowledge. Nevertheless this was clearly a blunder on her behalf and displays a fair degree of insensitivity. I'm sure she will accept the consequences and apologize for that mishap.
As for Mike Buck: I am convinced that he was not informed - but now is forced to deal with the consequences.
I think we all agree that this should not have happened in a professional business environment.