In what should not be a shock, Chesapeake Energy (CHK -3%) discloses the SEC is continuing its...

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WPSPIKER Comments (385)
 
This is VERY OLD News (not even NEWS) really just short sellers trying to re-hash previously disclosed info. they did not GIVE CEO the stakes he had to BUY the stakes, (pay for his share of the drilling costs.) This was the reason for his borrowing money from the same lenders that lent $ to (CHK) to do the drilling. His terms were same terms the company got so he would not have been selling the company down as he was paying same rates.

more old bs even if SEC is re-looking into this they are going to find same old news they found the last 3 or 4 times.
1 Mar, 10:26 AM Reply Like

Harry Johnson Comments (456)
 
Just the SEC trying to look relevant.
1 Mar, 03:51 PM Reply Like

mako26 Comments (31)
 
im about tired of chk in at 17.41 im looking to bail on this at 21.75
1 Mar, 05:28 PM Reply Like

FoolIggy Comments (8)
 
Now let me see, what value does the SEC bring to the table; that usually occurs AFTER the meal has been stolen or eaten?????

These SEC goobers couldn't even uncover "Madoff" over a period of YEARS. Makes me warm and fuzzy all over to know the SEC is ongoing in its INFORMAL work to protect the general public & embarrass McClendon!!! SEC is probably trying to "look" busy so the sequestration won't impact their "gilded" guaranteed government life styles!!!

McClendon created more wealth and opportunity for this country than many a publicly traded company exec. The fact that he got overzealous, believed in his Midas touch, and failed to keep his eye on, understand, and track Mr. Market is nothing hundreds, if not thousands have done before him and most likely will do again!

McClendon squandered talent for himself, his family, the company he created, and the investors who trusted him to "Shepard' their funds. Obviously, meteoric growth got him caught up in trappings of his own success. Enter Icahn the Dragon Slayer! WELCOME TO AMERICA!

In the end, it is now all about how the NEW CHK Management handles the marriage of company assets, shareholders money, corporate revenue, company business opportunities, predicts and manages market trends, and ultimately creates more VALUE. To believe the "new team" doesn't have some SELF-INTEREST with SELF-MOTIVATION would be to believe Icahn would select me for the Board of Directors!!!

No Sir, I have placed my FAITH & TRUST (and my money) in the talents of the present CHK Board, Company Management, and major shareholders working to create value for all involved. My prayers are with them for their success and I wish Mr. McClendon a happy rest of his life!

As for the SEC goobers coming late, looking for publicity, doing little to prevent instead of review improprieties, while failing to protect the smallest individual investors ensures the SEC receives no more warm thoughts than Mr. McClendon!!! These are TAX DOLLARS at work. WELCOME TO AMERICA!

3 Mar, 08:44 AM Reply Like