Anatomy of Insider Disclosure (X, C$22)

Here is a stock I recently bought, TMX Group (X - C$22)1













... and here was Announcement in the Financial Post today.










I bought when the insider (the company) was buying - which considering their business, is always a calculated risk for this stock. As soon as the buy-back was finished (at around $27), the stock dropped to C$23 and currently is at $22. Depending on where the market goes from here, are dividend cuts next?

[Update: 08DEC2008 - In an interesting development after the markets closed today, the NYSE was reported to be in talks to acquire/merge with Deutche Bourse.]

Footnote:
1) TMX Group owns and operates the Toronto, Montreal Stock and B.C and Alberta based Venture Exchanges, including all trading and clearing of all stocks, options and financial futures.