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2021-04-15 Government Corruption
$22 billion US Army headset contract going to Microsoft....now for the rest of the story
[Conservative Journal Review] So, we have reported before on how House Speaker Nancy Pelosi’s (D-CA) husband has cashed in on what appears to be insider information.

That report focused on the Tesla shares that Paul Pelosi had made.

Today, we found out that Paul Pelosi made another huge stock purchase, conveniently, with a company that landed a huge government contract, making him millions in the process.

BIG PURCHASES, BIG PROFITS
Last month, Paul Pelosi exercised options to buy 15,000 shares of Microsoft at a strike price of $130 per share.

Additionally, his venture capital firm purchased another 10,000 shares of the stock at $140 per share.

Since Pelosi made the purchase, the company’s stock has risen by more than 11 percent, up to roughly $255 per share.

By my math, that is roughly $3 million in profits since he made the purchase.

Conveniently, about two weeks after Pelosi made his purchase, the government announced a massive $22 billion contract going to Microsoft to supply the Army with augmented reality headsets.

Pelosi also purchased 10,000 shares of a company called Roblox Corp.

This purchase was made on March 10, and the stock has since gone up from $64.50 per share to about $80 per share.

Now, Nancy Pelosi can make any statement she wants, but there is simply no way anyone can convince me that Paul Pelosi was not told about the government contract that Microsoft was getting.

This is the utter definition of insider trading and it is a safe assumption that the majority of Congress are making trades like this all the time.

You simply cannot accumulate tens of millions in net worth making $150,000 a year unless you are a virtually perfect trader or you are getting inside information.

I am going to vote for the latter in this case.
Posted by Besoeker 2021-04-15 06:20|| || Front Page|| [10 views ]  Top

#1 Original story (less Paul Pelosi piece) posted here a few days ago. A $22 billon dollar 'headset' contract? You knew something wasn't quite right.

Could we also have a 'deep dive' into Distributed Common Ground System-Army (DCGS-A) contracts ?
Posted by Besoeker 2021-04-15 06:49||   2021-04-15 06:49|| Front Page Top

#2 File under "Sleazy but legal"? IIRC, Congress exempted themselves from insider trading laws.
Posted by Mercutio 2021-04-15 08:13||   2021-04-15 08:13|| Front Page Top

#3 But there are no more mean tweets! So it is really all worth it!
Posted by Tom 2021-04-15 08:55||   2021-04-15 08:55|| Front Page Top

#4 Original story ... posted here a few days ago.
Posted by Skidmark 2021-04-15 13:23||   2021-04-15 13:23|| Front Page Top

#5 I guess it's a simple matter of choice. On the one hand you have hours of scanning, support/resistance, volume and news catalysts. On the other you could be married to San Fran Nan. Back to those screens!, boys.
Posted by Cesare 2021-04-15 14:39||   2021-04-15 14:39|| Front Page Top

#6 Ah, that's actually not insider trading. An 11% rise is nothing really.

An inside trade would be one where the stock goes up 40, 50, 100% in a day or two based on the release of dramatic news that radically changes the market's i.e. everyone else's expectations for the company. That didn't happen with $MSFT. They sign billion-dollar transactions every week of every year.

Posted by Grampaw Cloting3831 2021-04-15 14:53||   2021-04-15 14:53|| Front Page Top

#7 Which also begs the question, was that contract awarded based on merit or base on personal profit?
And if on profit - how many solders will die due to failing second-rate headsets?
Posted by CrazyFool 2021-04-15 14:59||   2021-04-15 14:59|| Front Page Top

#8  how many solders will die due to failing second-rate headsets?

Well, they will be made in china.
Posted by Skidmark 2021-04-15 15:33||   2021-04-15 15:33|| Front Page Top

#9 So it's not just tuna anymore...
Posted by Glenmore 2021-04-15 16:10||   2021-04-15 16:10|| Front Page Top

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