Can this Menu pet mess smell worse? I don’t think so!
Now we see that the CFO dumped half his stock while Menu Pet was holding back the fact that they knew they had tainted products on the market. Hmmm. This sure looks like he knew the defacatory material would be hitting a rotating blade! In other words, this looks like clear evidence that the Menu Pet management KNEW they were sitting on a time bomb, one that was already injuring and killing thousands of pets!
Coincidence? I don’t think so!
Should anyone believe ANYTHING Weins or any of the Menu Pet managers say? Of course not! They prove time and time again they are untrustworthy, greedy and seem to have less concern for living creatures than the Chinese officials who authorized the dog purges!
No Mr. Weins, this insider trade smells worse than a lion house in mid summer!
Maybe its time to take a very hard look at ALL of the Menu Pet managers’ portfolios. I wonder if any of them have stock or are otherwise making money off importing wheat gluten from China? I’d sure like to know!
How about this? If Wiens wants to prove it was just a coincidence, how about he donate the whole value of the stocks sold AND NOT take a tax write-off for it? He could donate it to one of the rescue groups who have been hit by this recall or some other set of groups helping affected pets.
Thanks to Margaret Young for meowing in this article from The Globeandmall.com.
Pet food insider sold shares before recall
CFO calls sale a ‘coincidence’
KEITH MCARTHUR
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.
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