``Sony could buy 20 million dollars worth right now and not be worried about any insider trading, their deal is done and we are still at at buck, sell above 3 and recoup 1/2 or more of there costs.``
No - it would definitely be considered insider trading. Do you know how much SONY paid for a license? SONY certainly knows and you and I don`t.
For Example: If they paid $500 million for their license, they could buy deflated shares that are sure to pop when the announcement of the $500 million payment hits - It would be considered insider trading because that tid bit of info has not been factored into the the current price and they obviously knew about it ahead of time.