Originally Posted by
NewGuy
I think we all agree that the timing of sale was unfortunate (to say the least) and is highly likely to represent unethical/illegal behaviour. However, my point was that we'll never be able to prove that beyond any reasonable doubt, which I presume is the relevant burden of proof? More importantly, I place this type of behaviour in a totally different category to that of Chris Swann (the chair of PEB) who misled the market with unsubstantiated, hyperbolic claims about the company's li8key future performance, then sold down on the basis of the resulting price spike. To my mind, that is far worse. Norah, on the other hand, has played a huge role in building SUM up to be a very profitable company, and did not abuse her position to manipulate the price and cause investors to collectively lose more than $100m in the value of their shares.