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


To: Raymond Duray who wrote (271572)7/8/2002 9:25:20 PM
From: Dan B.  Read Replies (1) | Respond to of 769670
 
I don't see that you just showed any benefit to Bush from failing to file the form 4 until late, what-so-ever.

But first, you state flatly that he sold on inside information, but you've never so far as I know, proven the assertion with evidence other than speculation of potential knowledge he may have had.

His 144 likely would have given the public the clue of an immpending sale, which only form 4 would confirm. Frankly, even if he had filed form 4 on time, the public likely, IMO, would have paid little attention. Were there any queries resulting from the 144, or any denials of sale in response? I think not.

But most importantly Ray, filing form 4 AFTER the fact of selling(exactly as necessitated by law- certainly no sooner, but not TOO much later, eh?), simply would not have prevented him from getting the price he got. Here's something to think about Ray...had he filed the 144 weeks prior to actually selling, he might have feared the news of it could affect the stock. I guess it turns out that his timely 144 filing of intent to sell, however, DIDN'T affect the price of the stock(which you no doubt correctly say only fell after earnings were exposed).

If there is more of a beefy point than this, you haven't noted it.

Where did Bush benefit from the delayed Form 4 filing? Hey, if you ever figure that out, you just may have something.

Dan B