To: JohnHuang2
A key point in this which I have not seen properly emphasized is that Bush had a legitimate business reason for selling the stock when he did and cleared the sale with the Company's counsel. In looking at these sorts of insider trading claims, the absence of a legitimate external business reason to sell (not just liquidity) is often a tip-off of bad behavior. On the other hand, where an insider sells for an external business reason, such as Bush did, there is less likelihood the sale will be seen as a problem. In this case, the Harkin stock was apparently about the only readily marketable asset Bush could liquidate in order to pay his debt on the Rangers note.
To: CatoRenasci
Bull's-eye, my friend.
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