Re: Possible Wrong Doings...Optymystic - Steve
in response to
by
posted on
Jan 27, 2010 01:24PM
And you suspect they left a paper trail, assuming there is anything to this? Why call for an investigation when, wrongdoing or not, you KNOW darned well there would be nothing to find?
As far as Swartz's sell records, why would he sell BEFORE good news? No, he like anyone else postured to sell would after the news hit. Nothing there....
Why does any company issue dividends? Look to their PRs. They come across like it was something to attract investment. And it probably did, temporarily.
And your BoD concern. Personally, I think there is something seriously wrong with the concept of the CEO being on the BoD of the same company. The CEO is responsible to present business proposals to the BoD for consideration and vote. Vote on your own initiatives? It skews the vote.
And again, he was selling, not buying. And he probably sold on news. No smoking gun there, at all. Selling on news is common practice for any investor - unless they want to hold out for more/better news (like most of us probably did).
Just some stuff to consider based on the concerns you voice.
FWIW,
SGE