AAPL stock: Click Here |
|
Tips and Deals ---- For Sale & Free Items ---- 'Friendly' Political Ranting |
Nice work if you can get it!
Posted by: pdq
Date: January 17, 2017 03:55PM
|
Quote
Rep. Tom Price last year purchased shares in a medical device manufacturer days before introducing legislation that would have directly benefited the company.
Price bought between $1,001 to $15,000 worth of shares last March in Zimmer Biomet...Less than a week after the transaction, the Georgia Republican congressman introduced the HIP Act, legislation that would have delayed until 2018 a Centers for Medicare and Medicaid Services (CMS) regulation...
After Price offered his bill to provide Zimmer Biomet and other companies relief from the CMS regulation, the company's political action committee donated to the congressman's reelection campaign, records show.
Quote
Price purchased shares totaling between $60,000 and $110,000 in value in Innate Immunotherapeutics, an Australian biotech company. Innate has no approved drugs and one multiple sclerosis drug in trials. Fellow legislator Rep. Chris Collins (R-NY) is the largest single shareholder in the company and sits on the board and two of Collins' adult children are the company’s third- and fourth-biggest shareholders.
[Price purchased between $50K-100K of their stock] in a private placement in August 2016, paying $.25 and $.34 per share. The shares at the close of trading on January 13, 2017, were priced at $1.31 for 300-400% unrealized gains in a half-year. If the HHS nomination proceeds Price intends to sell several health care investments including Innate.
Re: Nice work if you can get it!
Posted by: Lux Interior
Date: January 17, 2017 04:04PM
|
Re: Nice work if you can get it!
Posted by: pdq
Date: January 17, 2017 04:06PM
|
Re: Nice work if you can get it!
Posted by: Janit
Date: January 17, 2017 04:52PM
|
Re: Nice work if you can get it!
Posted by: Speedy
Date: January 17, 2017 09:59PM
|
Re: Nice work if you can get it!
Posted by: pdq
Date: January 18, 2017 02:37PM
|
Quote
"I have no idea what stocks I held in the '90s or the 2000s or even now," Price said. "All of these decisions for all of us I suspect, are through mutual funds and through pension funds."
Re: Nice work if you can get it!
Posted by: Lux Interior
Date: January 18, 2017 02:46PM
|