BRAD BLOG: Insider Trading at Diebold?

Insider Trading at Diebold?
Mass Sell-Off by Company Officers Occurs Simultaneously Just Days Prior to Stock Price Plunge, Announcement of Jettisoning of Election Division
'There's Smoke There,' Financial Analyst Tells BRAD BLOG About Transactions at Controversial Company Now Under SEC Invesgiation...

-- By Brad Friedman from St. Louis, MO...

On a recent Tuesday in August, several days after California Secretary of State, Debora Bowen's pronouncement of decertification and then new, restrictive recertification of Diebold Inc.'s voting systems, ten officers of the company simultaneously sold off some 10,379 shares of stock at a near 52-week high for the troubled company.

The ten Diebold insiders sold at $53.05 per share, netting more than half a million dollars in the transactions. The stock would begin to plummet nearly 15% a week later, just before it was disclosed that Diebold would spin off their elections division into a new company called "Premier Elections Solutions" after which the stock began a modest recovery.

Two days after the mass August 7th sale, two more Diebold officers would sell another 2,166 shares at the same $53.05 price.

All told, The BRAD BLOG has found the insider sales totaled $665,512 in the week before the value of the company's stock price would plunge in a massive sell-off triggered by a top financial analyst who had lowered the company's rating from "buy" to "hold."

A financial analyst that we spoke to, who asked not to be named, said he saw the spike in sales by the company officers as "a point of interest," noting "some smoke there" and adding that he found it notable that there had been no similar pattern of sell offs by company officials in Diebold's recent history...

COMPLETE REPORT: http://www.bradblog.com/?p=4972

help steal elections and ruin the American government, what's a little insider trading?

I am more ready each day to pick up and move to another country... one that is less corrupt than the US of A. It's just too bad our politicians have become so corrupt to the point where they have ruined our country!

I cannot seem to post the chart, so here is a link: http://finance.yahoo.com/q/bc?s=DBD&t=3m&l=on&z=m&q=l&c=%5EGSPC

These days, anything is legal if you are a FOB.

Walden O'Dell that is. He was the CEO of Diebold during the last Presidential election, and he has resigned, of course to spend more time with his family.

:sarcasm: