I think taking personal responsibility is complete
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Posted On: 03/09/2018 5:48:18 PM
I think taking personal responsibility is completely correct, but like everyone, you reacted on what you read about the company, and part of that was the support they had from Friedland, who is supposed to be an expert on cannabis.
I suspect in many ways he's like the head of Imclone, Sam Waksal, who sold before announcing delays on Erbitux that tanked the stock and caused him, and his girlfriend, Martha Stewart, to spend some time in Club Fed. My point is, had they not done the insider trade, a few year's later when Erbitux was approved, they'd have been fine.
Of course it's too early to know that Friedland would be the same, but I still believe he'd be in great shape in a few years had he done things legally. I still believe that if the company isn't bought out before, some day it will see double digit stock prices, and I'd guess it will be in 5 years or less. I.E. if he played by the books he could have had at least double what he made, and it would have been completely legit. Instead he got to live well for a few years and now will probably have his every day expenses zeroed unless their is a charge for living at Club Fed.
Shabbat Shalom,
Gary
I suspect in many ways he's like the head of Imclone, Sam Waksal, who sold before announcing delays on Erbitux that tanked the stock and caused him, and his girlfriend, Martha Stewart, to spend some time in Club Fed. My point is, had they not done the insider trade, a few year's later when Erbitux was approved, they'd have been fine.
Of course it's too early to know that Friedland would be the same, but I still believe he'd be in great shape in a few years had he done things legally. I still believe that if the company isn't bought out before, some day it will see double digit stock prices, and I'd guess it will be in 5 years or less. I.E. if he played by the books he could have had at least double what he made, and it would have been completely legit. Instead he got to live well for a few years and now will probably have his every day expenses zeroed unless their is a charge for living at Club Fed.
Shabbat Shalom,
Gary
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