Jesus Christ...are u that f---ing dense? I dont know y dipshits like u make me do this but here goes. Enjoy:
17 CFR 240.14a-9 is known under "False or Misleading Statements"
(a) No solicitation subject to this regulation shall be made by means of any proxy statement, form of proxy, notice of meeting or other communication, written or ORAL, containing any statement which, at the time and in the light of the circumstances under which it is made, is false or misleading with respect to any material fact, or WHICH OMITS TO STATE ANY MATERIAL FACT NECESSARY IN ORDER TO MAKE THE STATEMENTS THEREIN NOT FALSE OR MISLEADING OR NECESSARY TO CORRECT ANY STATEMENT IN ANY EARLIER COMMUNICATION (hmmm communication?? Oh thats right the earnings call) with respect to thesolicitation of a proxy for the same meeting or subject matter which has become false or misleading.
Side note 14a-9 is also known under the Securities Exchange Act if 1934.
Why the hell do u think he mentioned member services and others who were not yet let go or notified of? To make sure he didnt do what? Hint: the first word sounds like False or misleading statements...Check out Wells Fargo and the class action suit against them for lying about financial performance and future "profits" - filed last year. As well JZ cannot due anything he wants with his stock. Do u really think Form 3's and Form 4's are filed with the SEC bc ppl are bored and are wondering what JZ must be up to with his shares or anyone at that who owns more than 10%...but what would I know about stocks and dealings in the law LMAO?? They donit bc whether he owns 99% and I own 1 share I am still an investor in the company and he cannot lie about expansion into territories to "inflate" the price so he gets wealthier. Think about it why in the hell would you lie to your investors then can a sh-- ton of people? Who the hell would do that - wells fargo thats who - its like "Hi can I attract as much media attention to myself who can ultimately help tje SEC focus on the recent Earnings call" Even if he is a liar he sure as hell isnt going to lie then fire a sh-- load of ppl. U think some of those ppl didnt make some calls to the SEC to seek retribution in hopes he was lying? You dont find it slightly odd that two weeks after Project Nickel investors filed a huge suit against Molina?
I dont like ppl being let go any more than any other person, past and present employees included. But cmon, he is smarter than that.