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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Dan B. who wrote (271569)7/8/2002 8:52:57 PM
From: Raymond Duray  Read Replies (1) | Respond to of 769670
 
Dan,

You're missing the obvious.

Re: What benefit would you suppose was derived from the delay

Bush knew the accounting was phony, he knew the books were cooked so he dumped his shares. The fraud is that he didn't file the Form 4 which would have alerted the public to dump Harken before the miserable, corrected earnings statement came out and the stock tanked. Bush sold his shares for $4 based on inside information. After the announcement that Harken had lied about earnings the price fell to $1 leaving the public with an empty bag. Sounds familiar, doesn't it?

-Ray



To: Dan B. who wrote (271569)7/8/2002 9:52:57 PM
From: J_F_Shepard  Read Replies (2) | Respond to of 769670
 
re:" What benefit would you suppose was derived from the delay."

Frankly I don't know, but one possibility is that if, in fact, the trade was instituted as a result of insider info (and that certainly looks plausible), then maybe Bush and others reasoned that the SEC would not notice or be less interested if they were notified 8 months later instead of with the legal time.

But anyway, thanks for the research....


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