Pet Food Officer Sold Stock Before Recall

[WillYourVoteBCounted]

Of course he sold his stock before the recall....coincidence??? Bull Biscuits!

Pet Food Officer Sold Stock Before Recall

Wednesday, April 11, 2007; Page D03

The chief financial officer of Menu Foods sold about half of his stake in the company three weeks before the widespread pet food recall, Canadian insider-trading reports showed.

Finance chief Mark Wiens called it a "horrible coincidence" in the Toronto Globe and Mail newspaper, adding that he did not hear of any problems with the company's products until at least a week later. Wiens sold 14,000 shares on Feb. 26 and 27 for about $90,000. The shares now are worth about $54,000.

Meanwhile, a large veterinary hospital chain said it saw a 30 percent increase in kidney failure among cats during the three months that contaminated pet food was on the market, supporting the belief among pet owners and animal doctors that adulterated food has sickened or killed far more pets than officially recognized....

http://www.washingtonpost.com/wp-dyn/content/article/2007/04/10/AR2007041001691.html?referrer=email

The recall has expanded again, by the way...and Senator Durbin is holding hearings on
the controversy and the FDA investigation...

[napi21]

1. That hearing is scheduled for tomorrow at 2PM est. I don't know

if it's going to be on cspan3 or aired anywhere since this is a subcommittee hearing (I think). I really hope it is aired somewhere! I want to hear just how the folks from Menu Foods respond to questions.