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Post by babaoriley on Aug 17, 2015 19:41:54 GMT -5
Typical crooked stuff, hope they can prove the stuff, that's the key, and having a plaintiff that won't spare expense in going after him - there certainly is emotion and bad blood there, on the other hand, they are using the company's money to pursue him, so management needs to be sure they have first, a good case, and two, a pile of his assets they can attach to satisfy a potential judgment - at that point, you can get a good settlement or even try the case. But to spend millions with inadequate evidence or a dry rock of a defendant, well, that's not going to do the company's shareholders much good.
I'd feel somewhat better if the US Attorney got involved and brought a criminal complaint -now, you don't care so much about his having money, you just want a good enough case to convict (never that easy), so he can spend about 10 years in prison (or plea out to a three year sentence). Once in a while, these guys actually go down, but more often they pay a fine and promise to be good, and to cease and desist for a period of time - and most do cease and desist, for about a month! It's guys like this that have been so instrumental in manipulating our stock. Bad guys have won so far, and Marty was a big, big winner when he stopped approval and likely raked in a pile of money on the short side after CRL #2. For those of us who were invested in MNKD at that time (other than the FDA guy who was using inside info), he took a sizable financial chunk out of us.
The guy's like a movie character, and not a likable one! But that little boy's face was enough to cause the FDA to back down, hard to believe what all goes on in the securities business, very hard. Poor guy, he likely got beaten up a lot as a youngster - that can no doubt change a person into a monster, but he's lashing out at people who did not cause his anguish.
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Post by jpg on Aug 18, 2015 0:36:13 GMT -5
Did you see the picture they used for this article? He looks like a pedophile. This might only be a civil suite, but if the Feds find grounds to go after him criminally (4 years to late, IMHO) that would be nice. I wonder what his "job" would be in jail. Perhaps his new cell "mate" will treat him kindly. You know, for prison. Facts please said it right- couldn't happen to a nicer guy. Unless you count Adam.... He's eventually going to run out of the good karma... Yeah rape in jail: funny or 'deserved'? Really? Not for anyone. |
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Post by mssciguy on Aug 18, 2015 7:36:48 GMT -5
Did you see the picture they used for this article? He looks like a pedophile. This might only be a civil suite, but if the Feds find grounds to go after him criminally (4 years to late, IMHO) that would be nice. I wonder what his "job" would be in jail. Perhaps his new cell "mate" will treat him kindly. You know, for prison. Facts please said it right- couldn't happen to a nicer guy. Unless you count Adam.... He's eventually going to run out of the good karma... Yeah rape in jail: funny or 'deserved'? Really? Not for anyone. this is very hard to believe. Are Shrekeli and Fauerstein collaborating on hate pieces, mean-spirited, narcissistic, stupid, or all of the above? They NEED to get investigated and possibly prosecuted: |
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Post by mnholdem on Aug 18, 2015 7:49:06 GMT -5
Unless the Department of Justice had wire taps or phone records that can link Martin's fund to Adam's hit pieces, I think Adam doesn't need to worry about good ol' Marty ratting him out. One the other hand, if the DOJ decides to play hard-ball and makes a deal to keep Shkreli out of prison in exchange for names? I don't think the DOJ, FBI and whoever else is involved will move much beyond the plaintiff's charges and $65 million in damages. Criminal charges may be warranted but, unless the Wall Street wolves are giving Marty up as a sacrificial lamb, the SEC will see to it that the investigation only goes so far.
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Post by Chris-C on Aug 18, 2015 8:44:17 GMT -5
Unless the Department of Justice had wire taps or phone records that can link Martin's fund to Adam's hit pieces, I think Adam doesn't need to worry about good ol' Marty ratting him out. One the other hand, if the DOJ decides to play hard-ball and makes a deal to keep Shkreli out of prison in exchange for names? I don't think the DOJ, FBI and whoever else is involved will move much beyond the plaintiff's charges and $65 million in damages. Criminal charges may be warranted but, unless the Wall Street wolves are giving Marty up as a sacrificial lamb, the SEC will see to it that the investigation only goes so far. So, I guess the upshot is that we should sleep better tonight knowing our government is looking out for us.  |
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Post by Chris-C on Aug 18, 2015 8:55:18 GMT -5
Yeah rape in jail: funny or 'deserved'? Really? Not for anyone. this is very hard to believe. Are Shrekeli and Fauerstein collaborating on hate pieces, mean-spirited, narcissistic, stupid, or all of the above? They NEED to get investigated and possibly prosecuted: This is actually pretty amazing. I had no idea that AF and Martin were "associates". In my opinion, it gives some credibility to the idea that there really is a syndicate of malfeasance working the streets of the investment "industry." The downside of capitalism is that it can easily slide down the slippery, slimy slope of corruption as long as there is enough money to reward people for their help in "gaming the system". Some people will sell their grandma's rocking chair out from under her without a shred of conscience. But if that isn't bad enough, they don't stop there, they then go after your grandma. That's why we need an SEC that works. |
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gtmk
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Post by gtmk on Aug 18, 2015 12:07:57 GMT -5
Adam, Martin, and Cramer have all worked together, the SEC works with banks, the FDA has food industry executives and people with hedge fund ties in it, and so on. Everybody is just making money. It's naive to think that public interest is anywhere near the top of the priority list for any of these people or organizations. $$$ is at the top of the list. Just the way humans are.
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Post by mssciguy on Aug 18, 2015 12:28:27 GMT -5
Adam, Martin, and Cramer have all worked together, the SEC works with banks, the FDA has food industry executives and people with hedge fund ties in it, and so on. Everybody is just making money. It's naive to think that public interest is anywhere near the top of the priority list for any of these people or organizations. $$$ is at the top of the list. Just the way humans are. Excellent point. About a decade ago, my past employer was sued for off-label promotion of Zyprexa, which was supposed to be anti-psychotic but was also promoted to MDs for use in the elderly. Where it was implicated in causing diabetes, weight gain, death (not in precisely that order though). So when it came time for the DOJ to settle, they chose to downgrade a felony to a misdemeanor, and give a fine equivalent to one quarter's profits, a little over a billion dollars. Why? Because the company is a large employer, and neither investors or employees should have to suffer for what the company did--- that was the official line (publicly available info-- this is not insider stuff). Clearly guilty for deaths but for those purposes, corporations are not people, they can't be put in jail anyways (although no doubt some of them might have been). Sad commentary but thanks for pointing that out, justice too is meted out in ways that might not always be considered fair. That said, media hit men who are publicly (or otherwise) short a stock just seems very wrong. Certainly, it should not be called journalism, especially when the information involves payment for dissemination to the public, which I have heard about SA, Motley, Thestreet, maybe more.... correct me if I am wrong on that. Sure would be nice to filter it all out from my eyes, but then they have everyone else talking about it. What to do? |
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Post by brentie on Aug 18, 2015 15:45:43 GMT -5
Typical crooked stuff, hope they can prove the stuff, that's the key, and having a plaintiff that won't spare expense in going after him - there certainly is emotion and bad blood there, on the other hand, they are using the company's money to pursue him, so management needs to be sure they have first, a good case, and two, a pile of his assets they can attach to satisfy a potential judgment - at that point, you can get a good settlement or even try the case. But to spend millions with inadequate evidence or a dry rock of a defendant, well, that's not going to do the company's shareholders much good. I'd feel somewhat better if the US Attorney got involved and brought a criminal complaint -now, you don't care so much about his having money, you just want a good enough case to convict (never that easy), so he can spend about 10 years in prison (or plea out to a three year sentence). Once in a while, these guys actually go down, but more often they pay a fine and promise to be good, and to cease and desist for a period of time - and most do cease and desist, for about a month! It's guys like this that have been so instrumental in manipulating our stock. Bad guys have won so far, and Marty was a big, big winner when he stopped approval and likely raked in a pile of money on the short side after CRL #2. For those of us who were invested in MNKD at that time (other than the FDA guy who was using inside info), he took a sizable financial chunk out of us. The guy's like a movie character, and not a likable one! But that little boy's face was enough to cause the FDA to back down, hard to believe what all goes on in the securities business, very hard. Poor guy, he likely got beaten up a lot as a youngster - that can no doubt change a person into a monster, but he's lashing out at people who did not cause his anguish.Baba, I thought you'd appreciate this picture...  A Biotech Company Escalates the War Against Its Own Founder www.bloomberg.com/news/articles/2015-08-17/a-biotech-company-escalates-the-war-against-its-own-founder |
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