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Getting convictions on insider trading just got tougher. It's intended to prosecute those benefiting from being tipped off by those passing on secret information. Signing an NDA and receiving company financials clearly does not fall into that category and someone claiming to be a lawyer and saying otherwise is misguided to say the least.
http://www.bloomberg.com/news/2014-12-10/hedge-fund-insider-verdicts-tossed-in-blow-to-u-s-probe.html
Happy Thanksgiving to my American friends!
Why do you put "fill" and "shares" between asterisks? What do the asterisks signify? Also please explain in a couple of sentences what you're getting at with your posts.
Still not clear what you're getting at.
Can you state in plain English what you think is going on?
I don't know him personally. Do you? If not, then we have to rely on NBC's report. Whether it's recent or just this year makes no difference. I agree this has nothing to do with shorting, just his frustration on realizing that he's not going to make a killing on his fifteen year investment but rather lose his shirt. I wonder if he was the one that sold the 5000 share block this year.
He had also just lost his wife according to the story.
I asked last week if he had perhaps died? Glad he hasn't but he won't be around for a long time.
This had nothing to do with stock manipulation or the SEC.
Please provide a link to back up your incarceration statement.
This is such an exciting discussion on the innards of sales of $210 in shares. No wonder the conspirators are losing sleep over what TEVE is doing. Wow, they probably made a clear 10% on that. How much is that? Wow!!! $21 !!!!
How can they bankrupt a company which is financed by a billionaire. When was the last time TEVE raised money from the public?
Here is what quotemedia says about earnings. That's a loss of around $750,000.
Shares
616,436
EPS (TTM)
-1.19
Does this mean that TEVE will either have to start reporting, go private, be sold or ?????
How is that ironic?
Better yet. Mr. Lenfest divides all his money among TEVE shareholders for being such patient, wonderful people.
Right. And you repeat yourself daily. Just like those pushing the short share conspiracy proponents repeat themselves daily. Not much difference. Neither has any relevance to TEVE. All will depend on whether they can make money in the future or not. And that, no one outside the company and perhaps not even they can know. Lots of competirors and potential competitors out there if this ever becomes a money maker.
I agree with you on being disturbed by all the misinformation being posted here, but you only add to the problem but raising legal, but highly hypothetical issues. Probably like worrying about driving 41 in an 40 mph zone.
I would have thought that as an expert in these matters you'd have precedents at your fingertips. Without that why are you scaring people here. As for pleading, I've never owned nor have any intention of buying TEVE shares. Just like honesty on all sides.
Could you point to a case where someone was prosecuted for insider trading for a couple of thousand dollars? Please? I'm really curious.
Lucky? It's been there for anyone to take for months. And now there's more for even less.
It it's true those are shorted, the pros must expect a steep drip in price.
Oh please - who cares about facts?
This picture hasn't changed much in weeks if not months.
In other words nobody.
Please AlanC tell me how you can identify shares as being air shares?
How can "air shares" be shown on the offer by the broker?
If I want to sell shares my broker insists that the shares be in my account.
You're making a lot of suppositions. The 2500 shares are real and there are no takers. So either there are no shorts or they expect prices to fall further.
Just responding to Alan's claims that shorts are desperate to cover but can't. Obviously if there were any shorts and they were desperate they'd cover as lots of cheap shares are available.
If anyone was anxious to cover there are the 2500 shares around $8.50 for sale. Those shares have been on sale for months now with few takers. So you desperate short story can't be true.
I have.
Happy to oblige?
There are shares sitting there for sale. And offers to buy. All perfectly normal except for the extremely low volume.
It was someone selling and someone buying. Obviously.
That's not so. Someone is trying to sell 2500 share at 8.75 or 4.5 cents pre consolidation, but no takers for weeks.
Yet very few shares bought.
Looks like a minor business spat. No big deal. Besides what does this have to do with TEVE?
http://www.phillymag.com/property/2013/03/20/brook-lenfest-accused-in-w-hotel-real-estate-deal-again/
How can he permanently increase the share price other than make TEVE highly profitable. If it was that easy every compay president would simply increase the price of their shares. Yet some big companies have gone under.
You are right. He is a very generous man. Like most philanthropists he gives money to universities, hospitals and cultural institutions. Please show me where he has given money to shareholders in any of his companies.
Please tell me how you are supporting the company? By posting here?
How exactly have shareholders helped Mr. Lenfest since he never had to raise money from shareholders. The money you spent on shares did not go to the company but rather to other shareholders selling their shares. He owes something perhaps to employees, but nothing to shareholders.
The value of a company is not set by what someone pays for shares on a particular day but on the earnings of that company on a sustained basis. As far as I know the TEVE lost money on a full year basis as last reported.
To be valued at a quarter billion dollars, they'd need to have annual after tax earnings of at least $12 million.