"So much pain" @ 3/12/21 3:41:34PM HerbertWest

"So much pain"

@ 3/12/21 3:41:34PM HerbertWest said the CEO let everybody at the company know: An employee, and his team engaged in insider trading and the company is rotten to the core.

Last I checked that employee has a team of 120 people

Man that s a lot of people insider trading if true

Also said he doesn't think it will help the stock price.

Always 'concerned' about the sp.

Funny that is included in these types of statements as if the motive was to influence the sp by making false or misleading claims and presenting them as 100% true.

But wait, there is more...

If the CEO did do a companywide communication, that information is confidential.

The irony is, if someone recorded it, they too are breaking company policy and a major penalty for breach of confidentiality is termination of employment.

But it gets even more interesting

To record a conversation in some states, you need consent of both parties

Guess which states?

I'll give you a hint...

It's at the top of the list and I love lists

California
Connecticut
Delaware
Florida
Illinois
Maryland
Massachusetts
Michigan
Montana
Nevada
New Hampshire
Oregon
Pennsylvania
Vermont
Washington

I'm pretty sure the company wouldn't give anyone that consent

Get this, they probably trust employees

So whoever recorded it is in deep do-do

California
"Under California law, it is a crime punishable by fine and/or imprisonment to record a confidential conversation without the consent of all parties, or without a notification of the recording to the parties via an audible beep at specific intervals. The California Supreme Court has defined a confidential conversation as one in which the parties have a reasonable expectation that no one is listening in or eavesdropping. In addition to criminal penalties, illegal recording can also give rise to civil damages.

CA Penal Code § 632 (definition & penalty), § 637.2 (civil damages), Flanagan v. Flanagan, 41 P.3d 575 (Cal. 2002), Cal. Pub. Util. Code Gen. Order 107-B(II)(A)"

But it doesn't stop there...

To be in possession of stolen or illegal information is also a crime

Sharing it is also a crime

If it wasn't, then people could pull off whatever information off the dark web and share it all over the place as an example

So far Joby, TK, and Herbie have said they saw "the video".

Now you know who is connected, wink wink.

Makes this next part even easier...

If the company wants to find out who is breaking company policy and commuting illegal acts, all they would do his pull them all into court.

Isn't that the irony.

Is it possible, by claiming someone else broke the law, others may be breaking it as well, 'allegedly'?

Did you know it seems 'they' now backtracked on even that one. Now it's, he broke company policy.

Have we seen this type of 'stunt' before.

Is it true that 7 people have been but behind bars and another will have to, before the treasure is found?

BTW, breaking company policy is not a material event, but breaking state laws, which it seems may happened within "the BW club" that is a BFD.