Biotech Values

[apljack]

"I'm sure lots of CEO's are tempted to post online, even to yahoo. I'm not sure why this is such bad news from the standpoint of the govt. He pumped the stock. Said he was long, shopped at the market's and intended to be long for a long time."

According to the article he pumped WFMI while also bashing OATS (which he had an eye on acquiring and is now having to justify the attempted acquisition.) This seems much more than the appearance of impropriety by an insider, to me. IMO, the rules should keep insiders from the public forum so as to avoid ANY appearance of conflict, undue influence, or other agenda that benefits them personally or benefits their company. I'm sure the SEC spells this out very clearly and those who listen to public statements made during conference calls and the Q&A sessions all are familiar with the "dance that corporate officers do to avoid crossing the line of those rules. See the article below

http://www.agoracom.com/ir/patriot/messages/564597#messageMUST

aj