tag:blogger.com,1999:blog-4815867514277794362.post2177608694835347301..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: Valeant and Philidor after the criminal chargesJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4815867514277794362.post-79033664540845733362016-11-28T19:57:04.434+11:002016-11-28T19:57:04.434+11:00You are suggesting the board members are criminall...You are suggesting the board members are criminally liable because they toured Philodor facilities, this is so beyond ridiculous you should be embarrassed to even post itGlobalTraderhttps://www.blogger.com/profile/01717693276747483404noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-49710958803621899302016-11-20T11:54:15.254+11:002016-11-20T11:54:15.254+11:00John, I was curious to know whether you have an op...John, I was curious to know whether you have an opinion on theranos? This was a story which I was very positive upon and was sucked into the media hype around its business models. Looking back I can see the warning signs, but as someone who tracks these situations I am curious to know what (if any) red flags you saw>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-7631609460491906112016-11-18T07:14:00.142+11:002016-11-18T07:14:00.142+11:00Thanks for the update. Do you think these charges ...Thanks for the update. Do you think these charges or the inability to rely on their previous financial statements will trip any of their debt covenants? Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-21449038597468020402016-11-18T06:09:30.189+11:002016-11-18T06:09:30.189+11:00Seana Carson, VRX Chief Compliance Officer, says i...Seana Carson, VRX Chief Compliance Officer, says in the transcript that "In addition, on October 2 (2015), a big four accounting firm (was) asked to prepare for an internal audit of Philidor. The scope was to include...(lots of stuff)."<br /><br />According to Valeant's press release today, Gary Tanner "ceased to be a Valeant employee on September 13, 2015." <br /><br />The requested audit appears to be in close proximity with the exit of Gary Tanner, rather than to be some sort of ongoing, additional due diligence exercise. Carson's statement reads like Valeant was taking extra steps to be careful in their dealings with Philidor, but actually it looks more like they were being reactive to something that they had missed well after the fact.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-53486616752103969462016-11-18T05:53:12.263+11:002016-11-18T05:53:12.263+11:00What did Bill Ackman know and when did he know it?...What did Bill Ackman know and when did he know it? If he truly did not grasp the extent of the fraud he should shutter his fund immediately. And if as a member of the Board he did subsequently learn of the fraud why did he not call Preet? After all he did fire Mike and Schiller.....<br /><br />And why does no one on the buy side model the disgorgement of hundreds of millions of dollars of ill gotten Philidor gains by VRX??<br /><br />This thing collapses in litigation inside 6 months.Mother Cabrininoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-32013986987628214622016-11-18T05:42:58.268+11:002016-11-18T05:42:58.268+11:00New thought: are these arrests a way to get these...New thought: are these arrests a way to get these guys to testify against Pearson et al? Please tell me that this is the beginning, not the end.Unknownhttps://www.blogger.com/profile/05468739359543614826noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-58566267999801891152016-11-18T05:39:24.881+11:002016-11-18T05:39:24.881+11:00Just trying to figure out what emotion to have her...Just trying to figure out what emotion to have here:<br /><br />First US legal action on Valeant has Valeant as the victim. Do you cry? Do you laugh? Do you shout "rigged"?Unknownhttps://www.blogger.com/profile/05468739359543614826noreply@blogger.com