Menu Foods CFO sold stock just before recall
Posted on April 10th, 2007 by muttcats
From globeandmail.com:
The chief financial officer of Menu Foods Income Fund says it’s a “horrible coincidence” that he sold nearly half his units in the troubled pet food maker less than three weeks before a massive recall of tainted pet food.
Insider trading reports show that Mark Wiens sold 14,000 units for $102,900 on Feb. 26 and Feb. 27. Those shares would be worth $62,440 today, based on yesterday’s close of $4.46 a unit.
Just to be clear, February 27 is the very day that Menu Foods began testing the food. They had been receiving complaints from consumers prior to that day although the exact date is unclear.
Thanks to Itchmo for this lead.
Filed under: 2007 Pet Food Recall
Does anyone here know who to call when I’ve found a stray (not feral, looks just lost and confused and so very cold) cat?
Humane society says they “don’t chase after stray cats.” All other information I find treats cats like a cockroach infestation.
Help?