Posted on 10/10/2017 9:39:10 PM PDT by TigerClaws
On Tuesday, September 5th, 2017, the board of MGM Resorts International decided to approve a $1 billion share repurchase program. At $17.7 billion today, the program represented a significant portion of its current market cap. By the end of the week, MGMs CEO, James Murren, had coolly divested himself of 80% of the shares he owned in his company. The divestment came just days before the ex-dividend date on September 8th, 2017.
The sales were originally disclosed in a document filed with the Securities and Exchange Commission (SEC). Murren had previously divested 57,269 shares on July 31st and August 9th, 2017.
Its currently unclear why Murren chose to sell when he did. To date, MGMs stock has not experienced a significant decline in value due to the repurchasing program. It could be interpreted to run against the companys interests for the CEO to convey a sense of urgency in the selling of his shares by disposing of them immediately after the commencement of his companys share repurchase program. Its also strange that the CEO of a company would sell more than half of their stake (let alone 80%) in the company that they represented.
Mr. Murren and his fellow board members were not the only speculators who were bearish on MGMs prospects. Billionaire investor George Soros also bought $42 million worth of puts on the company, according to SEC filings from mid August.
I think the Mandalay Bay is owned by MGM.
Each contract is 100 shares, so he actually has the right to sell 135 million shares at the strike price. The the puts are at all in the money, they could easily be worth $42 million.
In the 13 F he tried to get away with listing contracts as shares if that is the case.
Agree with you if it was 1,350,000 contracts to sell 100 shares.
I have been stating that he might have listed shares there when he actually had contracts.
My post of a SGT report video claiming Allen Rouse the FBI agent in charge of the Las Vegas investigation was appointed by James Comet and is married to John Podesta’s daughter.
Look at the other numbers on that 13F filing. MGM on that list is a drop in the bucket. It’s not even in the top ten in terms of dollar value.
Time for my “name” and address research.
The dots are NOT connecting.
Having trouble copy pasting from my cellular phone but there is a Breitbart article on John Podesta putting shares of a Russian company he invested in in his daughter’s name, that lists his daughter as Mary Rouse.
Having trouble copy pasting from my cellular phone but there is a Breitbart article on John Podesta putting shares of a Russian company he invested in in his daughter’s name, that lists his daughter as Megan Rouse.
Megan Rouse!
Now match the male spouse name with the daughter.
Then, follow the search into professional line of work.
There appears to be faulty research as to the male spouse.
Right, make spouse name showing as Gordon not Aaron through the Washington Post obituary article.
I’m sure the SEC will look into this.
Bookmark
Thanks for correction on family error that was in video.
This article supports that Aaron Rouse was appointed by James Comey:
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