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BuffaloTrader

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BuffaloTrader

Re: Southern Man post# 289118

Tuesday, 08/05/2014 5:35:12 PM

Tuesday, August 05, 2014 5:35:12 PM

Post# of 362791
The Bloomberg report says the payments to the executives were not made by the company, which then suggests perhaps the payments came from suppliers as kick-backs. As long as there is no suggestions of a violations of FCPA (or UK equivalent), I can't see why this impacts the stock price. Seems to me like a good opportunity for a quick 50%+ gain on the rebound. All IMO

Here's what Bloomberg is reporting:

http://www.bloomberg.com/news/2014-07-31/afren-suspends-ceo-coo-after-investigation-into-payments.html?cmpid=yhoo
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