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Mark H. Rachesky, M.D. purchased 33.4% (over 40 Million) shares of Lions Gate stock one week prior to the scheduled opening of Michael Moore's controversial film "Sicko". (SEC filing can be found here.) The film is being distributed by Lions Gate Films. Interestingly, a pre-screening of the film was held on the same day in New Hampshire for over 600 people including doctors, health care lobbyists, nurses, political figures and pharmaceutical companies all from the health care industry.
[...]
Originally, Lion’s
Gate had planned a wide release of SICKO in over 1,600 theaters
nationwide June 29, 2007 but one week prior to the release the number
was reduced to a mere 400. This decision was made the same week Dr.
Rachesky purchased Lions Gate stock. Could this be pure coincidence? I
think not.
August 4, 2007 at 11:19 pm by nk, 263 views, add comment