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Yes, as they would have lost less stock price if a fix had been prepared and released along with the announcement.

Yes, if options purchases were made before the market found out.

Yes, if their intentions were to change stock prices with the announcement in any respect whatsoever, whether up down in price and/or in volatility.

No, if they were not intending to change the stock market with the announcement, regardless of the fact that they did. (Naïveté happens. So does unconcern. Still, No.)



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