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Menu Foods CFO sells off shares before recall

April 10th, 2007, 03:40 PM
Did anyone else read the Globe & Mail business section this am? The CFO Mr. Weins sold 45% of his shares in Menu Foods in late February just prior to the public announced recall of menu pet foods. He sold his shares for over $100,000. Disgusting disgraceful, despicable!!!! :mad:

April 10th, 2007, 04:25 PM
Ooooo, naughty, naughty! If it's true, hope they nail him. :frustrated:

April 10th, 2007, 04:32 PM
I agree, I'll bet he's gonna get his butt kicked over that one :thumbs up .

April 10th, 2007, 04:36 PM
Oooo insider trading! Bad move CFO man.:evil:

April 10th, 2007, 04:47 PM
Makes you wonder why they do stuff like that since it seems so easy to find out who's sold what... :shrug: Do they think no one will notice? :confused:

April 10th, 2007, 05:32 PM
From what the news was saying, it's apparantly "unfortunate timing". :shrug:
To me it soulds like very fortunate timing, in fact you couldn't be more fortunate than just before disaster strikes. :eek: :sad:

April 10th, 2007, 05:38 PM
Interesting how the Globe & Mail has the gumption to print this, while the Edmonton Journal hasn't mentioned anything about it. I think some newspapers don't want to upset their advertisers. Hmmm:eek:
Anyway sorry I'm off topic :offtopic:

April 10th, 2007, 05:39 PM
disgusting the things people can do for a dollar

One Beagle Girl
April 10th, 2007, 07:05 PM
I hope Menu Foods goes under. I hope it takes the CFO with it!


April 10th, 2007, 10:58 PM
It was on the major news channels tonight.

April 10th, 2007, 11:21 PM
I hope Mr. Weins gets nailed to the wall for this. :mad:

April 12th, 2007, 05:38 PM
Mr Weins says it's all "a horrible coincidence" :rolleyes:

Apparently, it's a common practice to routinely sell shares at certain key times.
"Suspected" motivations could be extremely hard to prove.
This site covers these points, as well as offering an intriguing time line of events:

February 20-Menu received its first reports of problems with its products.

February 26-Menu begins testing on 50 live animals.

Shortly thereafter, some of the animals die (we're not sure exactly when).

February 26 and 27-CFO Mark Wiens sells 14,000 shares for $90,000.

March 16-Recall announced.

April 10-The other half of Weins' shares is now worth $54,000, so the share price has dropped almost 40%.

"Horrible coincidence"? We'll likely never know. :shrug::sad:

April 12th, 2007, 09:23 PM
Nothing is ever a coincidence when money is involved....

April 12th, 2007, 10:13 PM
I'm hearing lots about how it looks like alot of this was done on purpose.

Personally, I wan't to see the people who tested the tainted food on the innocent animals go down as much as I want the people who killed the pets to go down. I mean ... yes, lets feed poor innocent lab cats/dogs some tainted food and see what happens :mad:

I know this was some big scandle~conspiracy!

April 13th, 2007, 04:19 AM
:laughing: what an idiot, he will use up every penny of the cash he got for those sales on lawyers. :thumbs up smooth move