Jakobs has bought 800.000 shares of Kasbank last April, that’s a 5 percent stake in the firm and worth EUR 7 million. After the purchase the shares went up 20% over the past months. A profit of 1.4 million. Nothing new here, it’s public information and mentioned on this site a month ago.
However, this morning a clever journalist was finally connecting the dots. Ladies and gentlemen, we’ve got him. Insider trading. This can’t be a coincidence according to the senior journalist:
- The stock went up after his purchase
- He bought shares on his personal account
- It was a large transaction
- Kasbank is a financial institution, so is All Options
- Allard Jakobs refused to comment
Frankly, Quotenet couldn’t find a smoking gun. They couldn’t find anything suspicious at all. It’s a large step to suggest insider trading based on, well, nothing.