Word of advice to Andrew Left from Citron, steer clear of black helicopters and know that you’re trying to take down a company owned by the family who runs this country and many parts of the world, as declared by the Order of the Cinncinatus.
Shares of CC dove lower around noon, after a Citron Report that said ‘the stock was a zero.’
Some of the keynotes of the Citron report:
After 15 years of publishing, Citron can confidently state that Chemours
(NYSE:CC) is the most morally and financially bankrupt company that we
have ever witnessed.Last week 5.2 million Americans learned that their drinking water is
contaminated with man-made chemicals linked to cancer.Today, a jury trial started in Columbus, Ohio which adjudicates the first of
the 260 cancer related lawsuits against DuPont in just the Mid-Ohio Valley.At this very moment, as you read this story, the National Guard is in Vienna
West Virginia facilitating distribution of
drinking water to the public, following
the “Do Not Drink” advisory issued in the
wake of the recent revision of EPA
contamination guidelines for C8 — also
known as PFOA.While this might be a new story to some, it is has been daily life for the
people of the Mid-Ohio Valley for 30 years. Most recently, the same
problems have been witnessed throughout the United States, and reaching
as far as DuPont-implicated facilities in The Netherlands and Japan.
Chemours, a spin-off from DuPont, is the latest chapter in a well
documented 60+ year pattern of wanton and deliberate abuse of humanity,
the environment, and now the capital markets.
The report reads more like a screed, than something to trade off of.
The truth of the matter is, CC has lots of debt and was offloaded from the parent company, DD, in order to firm up the parent’s balance sheet. CC might not be an important entity to House DuPont. However, bear in mind, these are people who literally admit to raping their own babies and don’t get a single day in prison.
Why wouldn’t the scion of House DuPont not get a single day in prison after admitting to raping his 3 year old child, you ponder?
According to the judge who sent him home instead of prison, ‘he would not fare well’ in jail.
Black helicopters, people. It’s a conspiracy.
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All I had to do was invent a stupid internet messaging system for college kids. Click one button to become friends. Now they show up on the left hand side in the friend category and your number of friends increases by one. You can also write little messages to each other and on each other’s walls. It’s like email, but more open.
That is horrendous. It makes a mockery of the legal system, this Death Star– and of course that this guy gets off without a single day in prison after raping his kid. That judge should be fired or impeached or however you get rid of him. Everyone should be equal in the eyes of the law. Here is yet another aspect of inequality in our society, that is outrageously wrong.
Feel the Bern.
frog. The answer is not moar asnine control. Possibly. Think kid. https://www.youtube.com/watch?v=HSvrFrJpQpc
So what IS the answer if more regulation isn’t (in terms of the corporate actions, not the sick bastard actions)?
Yes, I don’t see any way that this Death Star should be legal. Even Far Right Libertarians believe that government should keep companies and individuals accountable for keeping their contracts and not committing fraud.
btn How the hell would i know. But moar of the same is not fucking it. Bad shit happens. Always has and always will.
The answer is social justice, let the public decide his fate not another regulator in his pocket book. Straight GoT style make him do the walk of atonement.
Government regulation may be too great already in certain areas. But if a company can commit fraud and not keep its contracts, then the laws do need to be enacted to close whatever loopholes were there– whatever made it possible for the company not to keep its contracts, just by dividing itself into several parts.
As for the guy raping his kid, the laws are already on the books to punish that. The judge should be fired because he didn’t uphold the law. If it’s proven that someone did the crime, they should do the time, no matter how rich they are.
ironbird, problems are easy to find; solutions are much harder.
It is like whee the democrats keep pissing on any kind of SS reform offerred by the Rs (even if some were horrendous), but don’t offer solutions of their own, instead insisting that SS is fine.
Interesting music there, Ironbird. Thanks for the link.
CC will certainly go bankrupt. Courts will then go after DD to cover tort claims for PFOA, which is a really, really bad chemical. A merger with DOW and subsequent rescrambling will not save shareholders, which will be stuck with a bill approximating that for asbestos litigation. DD and DOW are trades, but as far as long term investments, they are as viable as Johns Manville was.
I hope so. There are too many poisonous chemicals in houses, cars, and household items, making people ill. Companies should not be able to get away with knowingly poisoning people and just keeping on doing that over and over.
DuPont “owns” the color white. Google it
I guess you people don’t understand what I wrote, which is reality. These people literally confess to raping babies and get away with it.
Do you believe the govt is gonna crack down on them for chemical contamination?
Holy shit you’re naive.
Go read about the order of the cinncinatus and House DuPont, the come back here.
No, Senor Fly, I don’t believe the government is going to do more than fine DD $50M, which it has already done. The next step is for communities and individuals contaminated with PFOA to tort the bejeezus out of first CC, then DD/DOW after CC goes under.