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Walter Energy, Inc. Common Stoc Message Board

  • yannismail24 yannismail24 Jun 14, 2013 4:54 PM Flag

    I smell fraud

    This was fraudulent activity, although the reason is not quite apparent yet:
    1) Insiders purchased shares about a month ago at about 25% higher prices.
    2) Couple of weeks ago the told as that they will try to acquire financing but the were uncertain of the outcome. Uncertainty drives stock down.
    3) someone leaked info about pulling back on the financing deal to Forbes stocks crashes.
    4) They come out stating that they pulled back because financing is not needed! Seriously, then why did you apply for it in the first place?
    Someone needs to be prosecuted and accounted for this "supposedly amateurish" management . Make sure you put in your complains with the SEC

    Sentiment: Hold

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