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If I recall right, the reason it was considered insider trading was that he had published numbers expecting a contract from the government. When he chose to sta
by gknoy 13y ago
If I recall right, the reason it was considered insider trading was that he had published numbers expecting a contract from the government. When he chose to stand up for principles, the contact never landed, which made those predictions false.
I'd appreciate a clearer explanation of this, but last time I read about it, it really did seem like the loss of the contract was out of revenge, and that his prosecution would never have happened had he caved to the requests which he felt were unconscionable.
- tedunangst 13y agoThe problem is he dumped the stock after it became clear (to him) they weren't getting the contracts, but before he told anyone else.