Not sure the investigation will hit pay dirt, unless there is an inside informant. But if they can at least list some named parties to a lawsuit we might know or have some idea where this originated from.
I wasn't aware of the history that involved threats. But it's obvious there are bad actors undermining the company. The threats add another dimension. You'd think the FBI would have been involved in the investigation under that scenario.
Cofer Black and Susan Bayh have been busy from begin December with their investigation. That's about 6 months now. Still not a word. I wonder how big that cesspool is that they opened. I hope our friend A.F. soon will make some new relationships at the same place were Martin S. made some new friends already. Hope to hear about it soon.
Also for the newbies.
Good to repeat :
" I see the appointments of Ms. Bayh and Mr. Cofer with their distinguished backgrounds as a further effort to answer and put away once and for all the accusations of anonymous short sellers. The current board has two company employed and three independent directors so that this will expand the number of independent directors to five out of seven directors. Their coming on board strongly suggests that they believe that Northwest has conducted itself ethically. Also, their ties to Washington D.C. may give Northwest better credibility and access to regulators who would be interested in receiving information stemming from this investigation into the short sellers. If the short seller’s allegations are contrived and incorrect, they and law firms could be guilty of criminal stock manipulation.
There are some who believe that there is a short selling cartel of hedge funds who use all possible tactics including illegal methods to drive down prices of stocks they are attacking. These include the use of dark pools to conceal their actions, high frequency trading to walk stock prices down and illegal naked shorting. There have been allegations from some companies that this cartel actually has hacked into the data bases of companies, contract research organizations and clinical investigators to get material, non-public information on clinical trials and to actually manipulate the results of some clinical trials. Mr. Black seems to be specifically selected to conduct a counter espionage effort against the hedge funds. If so and if he is successful in establishing evidence that supports these suspicions, it could force regulatory agencies who currently are ignoring the evidence of massive manipulations of stocks by hedge funds to lumber into action".
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