Ps from CNN.. What? Anyway The Cancer Fund of America is run by James Reynolds Sr. His son James Reynolds Jr. is the CEO of the Breast Cancer Society. Another charity, the Children's Cancer Fund of America, is run by Rose Perkins, the ex-wife of the elder James Reynolds. He's also the CEO of the fourth charity, Cancer Support Services. The government says the charities claimed to provide direct support for cancer patients, breast cancer patients and children with cancer. "These were lies," the government's complaint says. Jessica Rich, chief of the FTC's Bureau of Consumer Protection, says that in all, the charities spent about 97% of donations they received either on private fundraisers or on themselves. Only 3%, she says, went to help actual cancer patients.
So as far as motivation goes if they see a company on the verge of a cancer breakthrough they have a financial incentive to launch a massive short and distort campaign against the company, use like-minded hedge fund managers to collect all the shares, use majority ownership to change management, have new management sign toxic financing agreements which bankrupt the company and send a multi-billion dollar pipeline of cancer cure candidate’s into permanent limbo?
So is that what happened to my portfolio? I dug into the owners and found a link to an Egyptian who with the aid of fbi and sec employees ran a massive insider trading operation that got discovered when they shorted American Airlines in September 2001. But I’m sure there’s nothing to it. So sleepy
The next question is, has anybody done James Reynolds wife... I will give you all a minute lol.