We are coming up on a year since the wheels fell off the ARIA wagon. Considering the stock is actually lower now then it was then, I'm shocked to see the level of support Berger continues to receive from some here. The only explanation that makes sense to me is that they must be suffering from Stockholm syndrome. Let's not forget that at the same time Harvey Berger was telling investors the Iclusig AE's were no big deal, the FDA had already approached the company about the issue. While he was telling investors that there was nothing to see here, he was actually selling millions of dollars in stock and then had the audacity to claim he would buy more if he could. He left every single shareholder holding the bag.
Imo, he's still screwing over shareholders. Denner wanted to increase his stake but Berger prevented him. What kind of CEO makes it HARDER for an investor to own shares in a company? The kind who puts his job above shareholders best interests. ARIA: The stock where losing less is the new winning!
Certainly, we are all responsible for our own investment decisions but it's a lot harder to invest wisely when you have a CEO who's willing to tell half truths. Speaking for myself, I know that his actions made it easier for me to ignore the facts. Well, never again.
