So? The CFO isn’t likely to even be hearing about a handful of very preliminary reports of a possible problem with food contamination. And if the first tests were STARTED on the 26th, obviously there wouldn’t have been any results the same day. Even if he could have known, do you really think the CFO of a publicly traded company would be stupid enough to do something this transparent? To make himself permanently unemployable in his field (not to mention risk jail time AND disgorgement of profits), if he had reason to believe his current employer might be headed for bankruptcy, all for a maximum possible profit of US$90,000 (and as of now a profit of about $35,000)? The chances of not getting caught if this really were a case of trading on inside knowledge are precisely zero, and the CFO of a publicly traded company certainly knows that.
Sorry, but I work in the banking and securities industry, and am quite familiar with how insider trading schemes are pulled off, and this is not it. If he wanted to make money off insider info, he’d tip off some of his friends who don’t work for the company, advising them to sell the stock short (and/or to sell what they hold, if they’re already long) and making clear he expects a cut of the winnings.
You really need to get off this conspiracy theory stuff.
I knew you would defend them. So I’m not suprised at your response at all. My concern, above all, is our food supply has been compromised and this should be a lesson to us all and damn the buying everything cheap crap before it’s too late.