Imclone systems (IMCL) Message Board

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Biotech / Medical : Imclone systems (IMCL)

IMCL 0.159

0.0%

Oct 5 5:00 PM EST

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To: Miljenko Zuanic who wrote (1898)	1/25/2002 12:35:46 PM
From: Madharry	Read Replies (1) of 2515

The sad truth is that the insider trading rules are only enforced to prevent non-legitamate insiders from making windfalls like outside attorneys, printers, and the like. It is routine to see massive insider selling a month before poor earning results occurs, and massive exercising of opitions just before a merger or buyout is announced. Not once have I heard of the SEC being involved. In fact there is cottage industry in the private banking areas of investment banks offering CEOs and the like ways of protecting their new found wealth without having to disclose insider sales. That is why after the ipo they can hardly wait until puts and calls are offered on the exchange.

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