Posted on 02/12/2022 8:32:18 PM PST by Wish2Post
With his companies miracle drug (vaccine) out for a little over a year, the CEO of Moderna, Stéphane Bancel, has gotten busy selling off his stock shares and then deleted his twitter account. Now that corona virus is defeated, and the twin hero companies of Moderna and Pfizer riding high, some may think this is odd behavior but maybe he just felt like his work here was done, and just wants to move on? This comes shortly after a former Blackrock executive began investigating the death statistics from insurance companies and funeral homes.
Overall, he has dumped $400 million in stock:
Noubar Afeyan is another Moderna cofounder who has dumped shares for $1.5B.
Next up, the Moderna CEO deleted his twitter account:
(Excerpt) Read more at abovetopsecret.com ...
The stock dump is a false alarm.
Bancel’s sales are per a 10b5-1 trading plan, and these plans are submitted to the SEC many months in advance. Every week his plan sells 13,000 directly held shares, then 10,000 indirectly held shares the next day.
The Twitter self cancel is a bit odd though.
Seeking to cash out, construct their self-sovereign island fortresses and ride out the furor that will be forthcoming over their wondrous potions, no doubt.
That is the way many companies work. The CEO gets a stipend to do his job, and is voted thousands of shares of stock.
When he gets the price of the stock high enough, he dumps his and retires wealthy.
Does the term "lawyering up" ring a bell?
Good news is the pharma companies are now losing billions. Moderna lost 72% of it’s stock value since August 2021. That is $140 billion!
$40 billion in just 2 days! The execs are selling millions of dollars of shares.
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