Is there anyone here who doesn't think Mrs. Cohen acted on inside information when she sold RAS a few weeks ago and monetized millions in her pension?
In 50 years in the market I have never felt more that the whole damn market is a rigged game.
I have always stuck to SP500 stocks until buying into some of these MREIT's.
If Betsy sold only half a million dollars worth or a few million makes no difference. If she knew about the pending annoucement that the next dividend might be in stock, and sold even one share she acted on inside information.
What are you her nephew or something? With your veiled threats you are violating my civil rights. You should start worring about a civil rights suit.
You recall incorrectly. Listen to Nobs and check your sources before posting. Betsy sold 163,624 shares in her SERP for $327,248 in order to terminate the SERP. The $4 million+ payout was accumulated cash, not the proceeds of the stock sale.
17-Dec-08 COHEN BETSY Z
Other 163,624 Indirect Sale at $2 per share. $327,248
PS It's LIBEL, and you are dangerously close.
Alf; Just a friendly bit of advice: When you accuse an insider of illegal acts, you are opening yourself up for a very expensive lawsuit.While Ms Cohen and/or RAS will not in all probability pursue anything, it would cost you a minimum of $ 100,000 to defend such an action. Please be careful when posting .
As I recall, she sold several million dollars of RAS shares that were in her pension fund.
This was done weeks before it was announced that part of the next dividends may be paid in stock.
This caused a collapse in the share price to the 1's.
I am not saying there was a material impact on RAS. Just that she knew what was going to happen before it was announced. This is acting on inside information.
"Clannish, don't you think?"
My only "motive" is to help inform the board in areas I have knowledge. I am not related to the Cohens by blood, affinity or ethnicity. I've never met any of them and I've never been to Philadelphia.
Take your rude comments elsewhere.
Have to wait until the earning call before we know is there any insider information involved. Any material degrade in assets or earnings is very good evidence that she acts on insider information.
I don't believe your accusation. Please reread my post:
The SERP was fully funded in 2006. Betsy or Danny couldn't touch the SERP money if they wanted to. It was funded each year since 2002 and maxedout in 2006,like I said, No New Money was used to fund this retirment fund All Cash Was Paid Years Ago and they couldn't touch it even if they went BK,retiremnet lockbox.