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Pastimes : 100 Acre Wood

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To: Lost1 who wrote (2069)	7/16/2002 12:18:02 PM
From: Lost1	Read Replies (1) of 3287

Bush Letter Promises Not to Unload Harken Stock Before He Sold Shares Washington -- Internal documents show details on what happened two and a half months before George W. Bush sold his stock in a Texas energy company where he was a director. The businessman who'd go on to become governor of Texas and then president signed a letter promising to hold onto the shares for at least six months. The "lockup" letter was signed by Bush on April third of 1990 for his shares in Harken Energy. At the time Bush signed it, Harken was considering a public stock offering to raise money to solve a cash flow problem. White House spokesman Dan Bartlett Monday said the lockout letter was "made irrelevant and obsolete" by the time Bush sold his stock in summer 1990 -- because the public stock offering it affected never went through. The letter Bush signed promising to hold onto the stock was released by the Securities and Exchange Commission under the Freedom of Information Act.

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