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"Just browsing YouTube and watched a podcast about fishy rishi so decided to have a Google, so put in rishi sunak moderna investment, and quite a few links came up, and quite worrying if you think a chancellor invested then government gave a large contract with "Why | |||
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"Just browsing YouTube and watched a podcast about fishy rishi so decided to have a Google, so put in rishi sunak moderna investment, and quite a few links came up, and quite worrying if you think a chancellor invested then government gave a large contract with" What's the worrying bit? Is there a suggestion that the Moderna vaccine doesn't really work and he's managed to fool everybody so he can make a huge profit? | |||
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"Do you not think that businessmen spread investments across all markets and companies? If you have a pension maybe take a look at where they invest money and you will find traces all over the place as money is invested and re invested over and over. Nothing to see really "Yes but not if they have inside information or the ability to influence Govt policy making that will enhance the value of their investment. See my post above. | |||
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"Using the green arrow can save a lot of typing" What does that mean? I see reference to the green arrow a lot but don’t quite get it? | |||
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"Using the green arrow can save a lot of typing What does that mean? I see reference to the green arrow a lot but don’t quite get it?" On a thread by clicking the green arrow next to a poster's name, you can navigate to their previous posts. Someone here doesn't seem to be a fan of Rishi (based off their other threads) and also may not be very familiar about how financial markets work. | |||
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"Using the green arrow can save a lot of typing What does that mean? I see reference to the green arrow a lot but don’t quite get it? On a thread by clicking the green arrow next to a poster's name, you can navigate to their previous posts. Someone here doesn't seem to be a fan of Rishi (based off their other threads) and also may not be very familiar about how financial markets work." I didn’t know that! Thanks I am no fan of Sunak but have a bit of understanding around financial markets. I also know how Govt works and what conflict of interest is. Also know that insider trading/dealing or market manipulation via government policy for personal gain is illegal. | |||
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"Using the green arrow can save a lot of typing What does that mean? I see reference to the green arrow a lot but don’t quite get it? On a thread by clicking the green arrow next to a poster's name, you can navigate to their previous posts. Someone here doesn't seem to be a fan of Rishi (based off their other threads) and also may not be very familiar about how financial markets work. I didn’t know that! Thanks I am no fan of Sunak but have a bit of understanding around financial markets. I also know how Govt works and what conflict of interest is. Also know that insider trading/dealing or market manipulation via government policy for personal gain is illegal." I wasn’t referring to you, I forgot to add. I did clock on you were clued up however. | |||
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"Using the green arrow can save a lot of typing What does that mean? I see reference to the green arrow a lot but don’t quite get it? On a thread by clicking the green arrow next to a poster's name, you can navigate to their previous posts. Someone here doesn't seem to be a fan of Rishi (based off their other threads) and also may not be very familiar about how financial markets work. I didn’t know that! Thanks I am no fan of Sunak but have a bit of understanding around financial markets. I also know how Govt works and what conflict of interest is. Also know that insider trading/dealing or market manipulation via government policy for personal gain is illegal. I wasn’t referring to you, I forgot to add. I did clock on you were clued up however." | |||
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"Unless you are imolyingbhe benefited from insider trading I'm not sure the point that you are making? I mean given the amount of contracts awarded through pure cronyism and the farce that was track and trace where the government wastes billions of tax payer money I'm not sure I can get angry about a businessman having shares in a company" A scenario to illustrate the point (all made up numbers and dates etc): 1. Sunak bought 10,000 shares in Moderna in 2019. All fine. 2. At the height of the Pandemic the UK Government starts to discuss their approach to covid vaccines. They agree that they will licence certain companies/vaccines at a given date in the future. This includes Moderna (at this point nobody outside of that room knows Moderna will get a licence). 3. Sunak immediately buys another 50,000 shares in Moderna. 4. Days/Weeks/Months later the UK Govt announces they will be licensing the Moderna vaccine and buying x million doses...the Moderna share price makes massive gains. Sunak has profited from restricted/confidential access to information as a senior govt official. Hence my earlier post re timing of everything being key. If Sunak increased his shareholding before any discussion were being had about vaccine licenses and approvals, then that is just an investor speculating. | |||
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"Unless you are imolyingbhe benefited from insider trading I'm not sure the point that you are making? I mean given the amount of contracts awarded through pure cronyism and the farce that was track and trace where the government wastes billions of tax payer money I'm not sure I can get angry about a businessman having shares in a company" Good point. I am concerned more about the billions also still to be recouped for the furlough fraud. Certain employers and persons clearly took the biscuit. It was an emergency deployment of funds to help businesses and workers during lockdown. Having proper water tight controls is something I find baffling, even appreciating it was a rushed measure to implement to keep people in jobs and and/or prevent business going bust rapidly. This one sticks with Rishi, in terms of oversight, it was on his watch although he probably was not involved in the mechanism funds actually got paid. | |||
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"I don't know why people are surprised at a wealthy person making more money from information available to them. " Apart from potentially being illegal you mean? | |||
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"I don't know why people are surprised at a wealthy person making more money from information available to them. Apart from potentially being illegal you mean?" Has it ever stopped them before   | |||
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"I don't know why people are surprised at a wealthy person making more money from information available to them. Apart from potentially being illegal you mean? Has it ever stopped them before "Which is why it should be loudly and repeatedly said everywhere to maintain (well actually create) a spotlight on it. | |||
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"Just browsing YouTube and watched a podcast about fishy rishi so decided to have a Google, so put in rishi sunak moderna investment, and quite a few links came up, and quite worrying if you think a chancellor invested then government gave a large contract with
Why"Why? Wished I'd have invested. Obviously a sound financial decision. He'd make a good Chancellor. Does everything have to have an ulterior motive to it? | |||
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"Using the green arrow can save a lot of typing What does that mean? I see reference to the green arrow a lot but don’t quite get it? On a thread by clicking the green arrow next to a poster's name, you can navigate to their previous posts. Someone here doesn't seem to be a fan of Rishi (based off their other threads) and also may not be very familiar about how financial markets work. I didn’t know that! Thanks I am no fan of Sunak but have a bit of understanding around financial markets. I also know how Govt works and what conflict of interest is. Also know that insider trading/dealing or market manipulation via government policy for personal gain is illegal." Green Arrow gets used a lot on my profile.. then again !! | |||
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"Just browsing YouTube and watched a podcast about fishy rishi so decided to have a Google, so put in rishi sunak moderna investment, and quite a few links came up, and quite worrying if you think a chancellor invested then government gave a large contract with
Why
Why?
Wished I'd have invested. Obviously a sound financial decision. He'd make a good Chancellor.
Does everything have to have an ulterior motive to it?
"Only a sound financial decision if the timing lines up. If not, it was illegal insider trading. | |||
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"I don't know why people are surprised at a wealthy person making more money from information available to them. Apart from potentially being illegal you mean? Has it ever stopped them before
Which is why it should be loudly and repeatedly said everywhere to maintain (well actually create) a spotlight on it."I'm actually surprised it hasn't been looked into, then again I remember one of the medical advisors having shares in astra, just by chance... and rushed through | |||
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"I don't know why people are surprised at a wealthy person making more money from information available to them. Apart from potentially being illegal you mean? Has it ever stopped them before
Which is why it should be loudly and repeatedly said everywhere to maintain (well actually create) a spotlight on it.
I'm actually surprised it hasn't been looked into, then again I remember one of the medical advisors having shares in astra, just by chance... and rushed through "Again though, having shares in a pharma company before the pandemic and before the setting of govt policy is fine. Increasing your shareholding after you have been given access (or been part if discussions) to govt policy that will increase the value of those shares is illegal. | |||
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"I don't know why people are surprised at a wealthy person making more money from information available to them. Apart from potentially being illegal you mean? Has it ever stopped them before
Which is why it should be loudly and repeatedly said everywhere to maintain (well actually create) a spotlight on it.
I'm actually surprised it hasn't been looked into, then again I remember one of the medical advisors having shares in astra, just by chance... and rushed through "To be fair most smart people have shares in AZ , one of the world best performing investments . Even if you dint hold them personally your pensions or ISA’s will , or should , | |||
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"So we have black out periods where we are not allowed to trade, but I I don’t think government ministers have the equivalent controls It’s nothing new and it’s widespread. Did a little and you will find the majority of Tory MPs have businesses or investments that benefit from policy , inside info or access to planned projects that’s others would not know about. Jeremy hunt and others made their millions this way , Google Hunts Saale of Hotcourses and look into it’s revenue streams in the years preceding the sale, mostly contracts for the government " Nothing gets done about it but it is against ministerial code. | |||
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