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PepsiCo Inc V.PEP


Primary Symbol: PEP

PepsiCo, Inc. is a beverage and convenient food company. The Company's segments include Frito-Lay North America, which includes its food businesses in the United States and Canada; Quaker Foods North America, which includes its food businesses, such as cereal, rice, pasta and other branded food, in the United States and Canada; PepsiCo Beverages North America, which includes its beverage businesses in the United States and Canada; Latin America, which includes its beverage and convenient food businesses in Latin America; Europe, which includes its beverage and convenient food businesses in Europe; Africa, Middle East and South Asia (AMESA), which includes all of its beverage and convenient food businesses in Africa, the Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region (APAC), which includes all of its beverage and convenient food businesses in Asia Pacific, Australia and New Zealand, and China region. Its brands include Lays, Doritos and Cheetos.


NDAQ:PEP - Post by User

Comment by yupuhhuhon Mar 26, 2020 1:34pm
104 Views
Post# 30850066

RE:RE:RE:RE:RE:RE:RE:Trading Halt

RE:RE:RE:RE:RE:RE:RE:Trading HaltAgreed with dart.  This smells awful.  If it is indeed a reverse split, it's a confirmation of the distress within the corporation.  Combine that with Mac endangering licensing through his legal trouble, and it almost makes sense that there would be insider offloading (he can't own large blocks of shares without complicating licensing efforts via security clearance requirements).  I made the comment earlier that it looked like a buyback, looks like I'm not the only one who believes so.
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As far as the comment about Mac knowing how to grow cannabis - yeah, ok.  That doesn't explain the 'suspicious person' that came out of Mac's barn when the cops showed up.  Like most con men, I'm sure he had some talent he had found somewhere to leverage.  That doesn't mean he knows anything about cannabis.  His initial strategy when it came to 111 was to engage 111 for their growing expertise.  Saying that he knows anything about cannabis is ignoring some pretty glaring evidence to the contrary.
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I suppose Chan's performance will come to light sooner or later.  Right now, all I know is that he doesn't file any reports and again that smells awful.  He isn't new to the team.  Mac couldn't do anything without his vote or his CFO certifications.  To say that Chan is only dealing with past issues is also a bit myopic given he's sat on the board for quite a while now and controlled 1 of 3 votes at the board level.  He had to know what was going on, or he wasn't fully engaged.  Neither of those possibilities is awesome for a shareholder.
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