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Politics : PRESIDENT GEORGE W. BUSH
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To: Bill who wrote (276194)7/16/2002 3:02:10 PM
From: DuckTapeSunroof  Read Replies (2) of 769670
 
Re: "Lockup letters are related to IPOs."

>>> Yes, and also to takeovers (as in his Spectrum 7 takeover by Harken).

"If the IPO was withdrawn, so was the lockup."

>>> See above.

"Where's the problem?"

>>> Read the article. The only thing interesting about this FOIA discovery of the lockup letter is that it seems to contradict the explanation for the Harkin stock sale put forward by his lawyers... and perhaps brings us back to considering the possibility that he traded on insider information.
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