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This isn't a "typical" stock dump a la Burr, Loeffler, Inhofe, but rather Johnson selling a chunk of a plastics manufacturing company whose CEO is... his brother. March 2nd, right before the huge crash.
The company, Pacur, isn't publicly traded so there isn't a stock price. Johnson just sold his stake to what looks like a private equity firm. It's unknown if the PE firm knew what was about to happen with COVID 19. plasticsnews.com/news/private-e…
Honestly not sure which scenario is worse. Johnson owning part of a plastic manufacturing company and then dumping his share of ownership before the crash for $5-25M or the "simple" stock shorting done by Burr, Loeffler, Inhofe.
Johnson reported owning 5% of the company (Pacur) in 2016, valued at $1M-5M: disclosures.org/wp-content/upl…
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