-thought this was interesting
Over 20,000 resignations/house arrests are visible
using data from
the SEC Securities and Exchange Commission.
The Securities Exchange Act of 1934 requires that
publicly traded companies must
report to the SEC whenever a member of the Board
or certain officers resign.
Also, the SEC has a database named EDGAR that is
open to the public. After a
little research, what was discovered is that
corporations must report said
resignations on Form 8-K, Item 5.02. From there, it
was a simple matter of
searching only Form 8-Ks within a specific range of
dates, and including the
boolean search terms "Resigns" and "Resignation".
I felt this would at least offer us a baseline
comparison to see if there is
truly an uptick in resignations, or if it just appears
that way. I think you
will be interested in the results.
From the start of 2008 to the second quarter of
2011 the resignations remained
steady @ about 2000 per quarter.
Suddenly in the 3rd quarter of 2011 they
increased by 50% to 3000 for that quarter. (That's
an extra 1000).
Then in the 4th quarter they jumped to 7000. (That's
an additional extra 5000 resignations).
Now without the full quarter results for the first
quarter of 2012 they are up
to 16,000. (That's an extra 14,000 resignations &
increasing fast).
That's a total of 20,000 extra resignations that no
one is reporting in news
papers & nothing of course in the major media!
These are people who were in sting situations but
didn’t know it when their opportunistic
thefts of funds became a trap providing evidence of
their wrong doing. Reports of
their resignations usually involve house arrest in
many cases including
inability to leave the country. Full exposure of their
crimes will follow
in due course. This involves financial houses and
banks worldwide.
Posted by John MacHaffie at 5:42 AM
-specific bank and investment houses are now at 358
Over 20,000 resignations/house arrests are visible
using data from
the SEC Securities and Exchange Commission.
The Securities Exchange Act of 1934 requires that
publicly traded companies must
report to the SEC whenever a member of the Board
or certain officers resign.
Also, the SEC has a database named EDGAR that is
open to the public. After a
little research, what was discovered is that
corporations must report said
resignations on Form 8-K, Item 5.02. From there, it
was a simple matter of
searching only Form 8-Ks within a specific range of
dates, and including the
boolean search terms "Resigns" and "Resignation".
I felt this would at least offer us a baseline
comparison to see if there is
truly an uptick in resignations, or if it just appears
that way. I think you
will be interested in the results.
From the start of 2008 to the second quarter of
2011 the resignations remained
steady @ about 2000 per quarter.
Suddenly in the 3rd quarter of 2011 they
increased by 50% to 3000 for that quarter. (That's
an extra 1000).
Then in the 4th quarter they jumped to 7000. (That's
an additional extra 5000 resignations).
Now without the full quarter results for the first
quarter of 2012 they are up
to 16,000. (That's an extra 14,000 resignations &
increasing fast).
That's a total of 20,000 extra resignations that no
one is reporting in news
papers & nothing of course in the major media!
These are people who were in sting situations but
didn’t know it when their opportunistic
thefts of funds became a trap providing evidence of
their wrong doing. Reports of
their resignations usually involve house arrest in
many cases including
inability to leave the country. Full exposure of their
crimes will follow
in due course. This involves financial houses and
banks worldwide.
Posted by John MacHaffie at 5:42 AM
-specific bank and investment houses are now at 358
Comment