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paultroberts

paultroberts
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  • Conspicuously absent from Mark Smith's resignation announcement was any mention of the SEC investigation over the accuracy of Molycorp's (MCP) disclosures. The take from 24/7's Jon Ogg: "To announce that a CEO has left the company with no explanation in the midst of a regulatory investigation is not in good taste at all. It could even be alarming." MCP -5.3% AH. [View news story]
    One week he and other "insiders" are buying stock at $6/share...next week he abruptly "resigns". Something smells fishy...Did they just spike the stock to pay him off?
    Dec 12 02:12 AM | Likes Like |Link to Comment
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