dirtyh
One Skin, two skin.....
- Jun 24, 2011
- 8,706
- 25,316
Joe Lewis and insider trading
- Thread starter Flashspur
- Start date
Well…who wants to break the news to @SirHarryHotspur?
Stamford
Well-Known Member
- Sep 15, 2015
- 4,203
- 20,129
I didnt say it was, it clearly isnt. But that doesnt make ENIC good people. Because quite clearly they are not. Why are people so obtuse.
Gassin's finest
C'est diabolique
- May 12, 2010
- 37,641
- 88,626
Just to show that no one gets that kind of money without being some kind of wrongun. No one needs to be a billionaire.
Scott Colliver
New Member
- Jun 17, 2023
- 9
- 17
So Tottenham is owned by ENIC?
ENIC has two private shareholders, the minority with Daniel Levy and the majority with the Lewis family trust (or whatever it is called) set up last year in October?
Joe Lewis separated himself from the club then and is not really the owner any more?
Please correct if I am wrong.
ENIC has two private shareholders, the minority with Daniel Levy and the majority with the Lewis family trust (or whatever it is called) set up last year in October?
Joe Lewis separated himself from the club then and is not really the owner any more?
Please correct if I am wrong.
Dunc2610
Well-Known Member
- Aug 7, 2008
- 1,607
- 4,022
Mostly because the morons don't seem to realise it'll have no baring on the club what so ever, and they've even said that!!Well, this is going to make all the ENIC out lot quite excited isn't it?
C-oops
Well-Known Member
- Jul 27, 2008
- 4,038
- 3,376
How Joe Lewis stole a piece of Patagonia for himself - Il manifesto global
It is a struggle that has been going on for more than 17 years, in defense of Argentine sovereignty over Lago Escondido in Patagonia’s Río Negro province. It began, as … Continued
global.ilmanifesto.it
This isn't great. Violent assault will have to do for now.
Nerine
Juicy corned beef
- Jan 27, 2011
- 4,784
- 17,298
yeah. Commentary will be in Dutch, though.
Sp3akerboxxx
Adoption: Nabil Bentaleb
- Apr 4, 2006
- 5,387
- 8,109
"Joe Lewis about to spend more on his defence than ours"
Danfunkel
Well-Known Member
- Jan 31, 2013
- 1,814
- 5,847
The main effect it’ll have will sadly be more bad publicity and scrutiny towards the club itself at a time when all the focus should be on the football, because that’s how the media works.
The sooner this chump and his family leave the club, the better.
dirtyh
One Skin, two skin.....
- Jun 24, 2011
- 8,706
- 25,316
Oh Spurs, fuck off and only return when you're normal please
good luck with that......
RogerTCB
Well-Known Member
- May 14, 2005
- 682
- 328
Um, you did very clearly seem to bundle all morality arguments into one pot. You didn't explicitly say it was just as bad - but you told everyone to stop going on about morals now Joe seems to have done something wrong... Allegedly, and for the (illegal) benefit of the people round him rather than personal gain. I'd take this one on the chin and hide out till people stop commenting.
nowhere near as bad. and this is individual behaviour rather than systemic to the regime. One person has been bad and been caught cheating the financial system for profit. He's not been killing people and eroding human rights.
wrd
Well-Known Member
- Aug 22, 2014
- 13,603
- 58,005
I don't think that the solution to this situation is to be used as justifying that oil clubs aren't as bad, rather that we should be consistent and not want our club attached to such behaviour if he's found guilty.
So yeah, still ethical mate, sorry xx
When people buy or sell shares on the stock market they can obviously go up or down. And you can make a profit by predicting either direction.
The market is seen as a 'fair game' and uses financial analysts to look at information, make predictions, follow trends etc. Importantly, because it's a fair game for all, the information people use to make such decisions (buy or sell) is all Public Information. Meaning you or I could find it just the same as anyone else. Information like Public Accounts or trend analysis on a sector (such as tech).
However, Joe, essentially, has been cheating. He's been getting information that 'insider' - which usually means confidential and inside the firm. This term (insider information) also denotes that the info is juicy enough to move the market, or at least move the share price. And Joe's been getting in prior to the public knowing. This is seen as cheating, its seen as abusing power and influence, and crucially its seen as eroding the trust of the system. Crucially, it can be seen as potentially hurting the common person (see next para)
When you get this information you use it for your own financial gain. If you know (before anyone else) that facebook is going to buy company X. you could buy shares in company X and then when the purchase is announced the shares would go up and you'd make loads of money. Also, you could bet against (or short) stocks you think are going down - this has the knock on affect of hammering the stock price down further which sucks because that stock may be held in your pension, and hurt loads of people. Insider trading may amplify movements which isn't fair or true.
So Joe has been alleged to have obtained such info and passed it on to his palls - who may or may not have used it. Breaking the rules around using insider info (including accessing it, and passing it on) is a massive massive no no in the eyes of the law.
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