June 6, 1990: Bush (who was at the time on Harken's board and a member of its audit committee) received the company's "flash report," which according to the Washington Post, predicted second quarter losses in the neighborhood of $4 million.
June 8, 1990: According to the Los Angeles Times, Ralph Smith, a stockbroker, placed a "cold call" to Bush offering to purchase his Harken shares. Bush said he would reply within a couple of weeks.
June 11, 1990: Bush attended a meeting at which a representative of Harken's audit firm, Arthur Andersen, warned of a loss that "could be potentially significant." Although no amount was specified in the meeting, the auditors indicated that the losses would surpass the $4 million forecast in the "flash report." (In fact, Harken would ultimately report a loss of $23 million.)
June 22, 1990: Shortly after getting the transaction approved by Harken's lawyers, Bush sold 212,140 of his 317,152 Harken shares for $848,560.
July 10, 1990: Under SEC requirements, this was the deadline for Bush to publicly report his sale of the stock. He failed to file the report until March of 1991. For reasons Bush has not explained, although he signed the form, he did not date it.
August 20, 1990: Harken publicly announced second quarter losses of just over $23 million. The stock, which had opened at $3 per share, closed at $2.37.
August 21, 1990: Despite the losses reported the day before, Harken's stock price rebounded to $3 per share. However, the overall trend was downwards, and by the end of 1990 Harken's share price had dropped to $1. (Today, Harken's stock trades for about the price of a candy bar on the American Stock Exchange.)
If this series of events doesn't raise your suspicion, you may be eligible to fill one of the Republican slots on the SEC. Please remember that Republicans in Congress spent jillions investigating the Clinton's losses in Whitewater and never find the slightest suspicion of any wrongdoing by either President Clinton or the first lady, now Senator Clinton.
Correct me if I am wrong, please. This was investigated by the SEC and Bush was found to be NOT in violation of their rules.
Is this correct or isn't it?
It's not proof. You have no proof. You have a stinking script from DU. It proves squat.