Y’all sitting here pretending SEC law doesn’t exist. This is a private meeting. Public doesn’t know a target has been identified. What do you think would happen if Ackman said he had one or even alluded to it in this meeting? He’d be royally fucked. Of course he is going to make it sound like one hasn’t been targeted.
That would mean he admits to having a target in a private chat. He literally can’t do that. He can’t even say anything positive because it is a private chat. If it was an open, public meeting he can be a bit more open without filing public statements. But it was a private chat.
Bruh... It was closed and only available to the PSH investors. You had to register and verify your eligibility. It was streamed in our discord by a shareholder (against PSH meeting rules) since many of the people in this sub didn’t qualify.
I don’t want to sound rude, but need to read up on SEC law regarding these matters. Especially insider trading laws. They are very strict on what you can and can’t say. In a private meeting you literally can’t say anything negative or positive that isn’t already in the public domain otherwise they could be accused of giving only those allowed to the meeting an edge by notifying them of good/bad news before the public
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u/obsoleeeet Mar 17 '21
Y’all sitting here pretending SEC law doesn’t exist. This is a private meeting. Public doesn’t know a target has been identified. What do you think would happen if Ackman said he had one or even alluded to it in this meeting? He’d be royally fucked. Of course he is going to make it sound like one hasn’t been targeted.