https://www.nakedcapitalism.com/2022/02/bankruptcy-for-moderna-definitely-pfizer.html(excerpt)
“Bankruptcy For Moderna, Definitely Pfizer”Posted on February 24, 2022 by Yves Smith
Yves here. I’m in no position to verify the underlying data, but the fact that both Moderna and Pfizer stocks are markedly down says investors regard these concerns about vaccine liability as serious.
A lawyer buddy thinks that even if this take on the frequency of bad side effect is spot on, Pfizer and Moderna still might get off the hook on product liability in the US. However, shareholders would have them dead to rights on securities fraud, for not disclosing to investors the information they had about serious vaccine side effects and the impact that could have on willingness to get boosted. In addition, foreign countries that also gave liability waivers are not as likely to be forgiving as the US. We could see a Boeing 737 Max replay, of foreign regulators lowering the boom and the US position eventually becoming untenable.
The plural of anecdote is not data, but consider this from IM Doc:
I will report what I am hearing as recently as yesterday.
An ex-Covid-vaccine company executive.
There are lots of detonations getting ready to happen. The life insurance companies and many Wall Street firms who feel they have been defrauded are the ones getting the cannons ready to fire.
My understanding is the liability is actually not the adverse events as such. They have liability waivers for that. It is for fraud. Once fraud is proven, the liability wavers go poof. Apparently, there are people lining up with hands open willing to sell all kinds of damning documents.
We were apparently not alone with the “something is wrong” take from the earliest paper. The incident with the testing centers being accused of fraud by employees, the subsequent bmj paper about that, the two vaccinologists resigning from FDA, and now the latest CDC admissions and presenting papers for FOIA with everything redacted – all are taking a toll.
apparently, the play here is the insurance companies and hedge funds screwed by disastrous Moderna and biontech share prices are taking the lead for the fraud to be shown. Then they will sue these companies for damages.
I asked the guy if he thought it would work. His response “Pfizer certainly does.”
In the meantime, as alluded to above, this sort of thing does not inspire confidence:
NIH’s latest FOIA release to @theintercept includes 292 pages of this
https://t.co/QRziXzo3h4 by @fastlerner pic.twitter.com/qoQ179s2We
— Mara Hvistendahl (@MaraHvistendahl) February 21, 2022
By Raúl Ilargi Meijer, editor at Automatic Earth. Originally published at Automatic Earth
"Justus R. Hope, MD, at Desert Review has a long article up on the views of former Blackrock exec, hedge funder, investment adviser Edward Dowd, along with a neverending list of podcasts. To which I will add a few at the bottom of this article. We’ve seen a few Dowd videos lately, but nothing like this. He should be on Joe Rogan ASAP.
The entire thing is so complete, devastating, shocking, that I don’t know what else to do than give you some quotes. It very much feels like the end of mRNA, and of the FDA in its present shape, because they -the government itself- are deeply complicit in outright investor fraud. Wall Street (“multiple brokerage houses”) is finding this out, Moderna stock is already down 70%, and that’s just the start.
mRNA vaccines are killing and maiming people: “..no matter the effort, one cannot hide the bodies – and “the bodies are piling up.”
Good luck with your vaxx mandates.
Pfizer & Moderna Investors Run for the ExitsWall Street investors are dumping their Moderna and Pfizer stock faster than the world can drop the mandates. Moderna is down 70 percent from its high, while Pfizer is off 19 percent. Former Blackrock Executive and investment adviser Edward Dowd calls for Moderna to go to zero and Pfizer to end under ten dollars per share.
How is this possible given that Pfizer now enjoys record earnings per share and a market capitalization of some $270 billion, making it the 29th largest corporation globally? With nothing but profits in sight for the Pharmaceutical giant, what could be the problem?
[..] For the skeptics, consider that Pfizer stock lost $20 billion in market capitalization on February 8, 2022, when their record earnings fell short of more optimistic expectations. Also consider that Moderna’s stock is down some 70 percent from its high of $484 on August 9, 2021, wiping out almost $ 140 billion in investment. Dowd predicts Moderna will drop to zero with bankruptcy as fraud related to concealing the COVID vaccine dangers surfaces, and he predicts Pfizer will become a sub-ten-dollar stock. Dowd explains that the smart money has already left Moderna and will soon be exiting Pfizer.
Dowd foresees
an avalanche of lawsuits coming as the insurance industry continues to uncover the legions of mounting deaths coming from the complications of the mRNA COVID-19 vaccines. Dowd teamed up with an insurance industry analyst and researched the life insurance claims. They found that since OneAmerica shocked the world by announcing a 40% rise in non-COVID deaths in younger working-class employees, multiple other insurance companies worldwide have seen the same thing – massive rises in non-COVID deaths. And the evidence inescapably points to the vaccines as the cause.
Meanwhile, the funeral company stocks have outperformed the S&P. “Funeral Home companies are growth stocks. They had a great year in 2021 compared to 2020, and they outperformed the S&P 500. The peer group of Funeral Home stocks was up 40 plus percent while the S&P was up 26 percent – and they started accelerating price-wise in 2021 during the roll-out of the vaccines – You don’t need to be a rocket scientist to connect the dots here.”
Other insurance companies have reported the same or worse death numbers as OneAmerica. For example, “Unum Insurance is up 36%, Lincoln National plus 57%, Prudential plus 41%, Reinsurance Group of America plus 21%, Hartford plus 32%, Met Life plus 24%, and Aegon – which is a Dutch insurer – saw in their US arm plus 57% in the 4th quarter – in the 3rd quarter they saw a 258% increase in death claims.”
“They raised (mortality) expectations 300,000 for 2022 over 2021 due to COVID plus ‘indirect COVID,’ which I think we know what that’s code for… They (Aegon) did a $1.4 billion reinsurance deal with Wilton Reinsurance…what they were reinsuring were high face amount individual policies from 1 million to 10 million… (So) I think there is an asymmetric information situation going on in the insurance industry where some people have figured out something’s going on. They are off-loading their risk – they are not going to say what it is as they don’t want that information to get out as they unload the risk.”.
“Someone is going to be the bag holder here.” And Dowd is confident it won’t be the insurance industry. A court in France has already held that a life insurance company cannot be held liable for a death because of the mRNA vaccine. But that does not explain how mRNA manufacturers can be held responsible for an emergency product they were told was liability-free. Aren’t the vaccine manufacturers immunized from lawsuits? After all, they were granted EUA, the specialized Emergency Use Authorization, which means they cannot be held legally accountable for deaths or adverse effects stemming from the experimental vaccines.
The idea is that no company – upon government request – should have to pay for unforeseen complications resulting from an emergency product that they released to the world out of their goodness of the hearts, with the best of intentions. Right? Wrong – not when your company accomplishes this through deceit, also known as fraud. Fraud undoes all these protections. If a company or person intentionally deceives another to profit, we have fraud. If Pfizer’s data showed increased all-cause mortality and hid this to motivate people to take the vaccine while claiming it was safe, then fraud exists.
Under common law, the required elements to prove fraud amount to: #1. A materially false statement or purposeful failure to state or release material facts which non-disclosure makes other statements misleading. #2. The false statement is made to induce Plaintiff to act. #3. The Plaintiff relied upon the false statement, and the injury resulted from this reliance. #4. Damages include a punitive award as a punishment that serves as a public example to discourage any future similar fraud. Punitive damages are generally proportional to the Defendant’s assets.
Dowd has been researching the COVID-19 vaccines and what he considers obvious evidence of knowing concealment of the actual risks of death – and he points to the Herculean efforts of Pfizer with FDA in withholding their data despite legal challenges to release it. He likens the FDA today to the rating agencies during the Mortgage Crisis. “FDA is the trusted third party, just like the rating agencies were. And a lot of doctors in this country, a lot of local governments are placing their trust in the
FDA which gets 50 percent of its budget from large cap pharma. It wasn’t any one person…I think they overlooked things…
An all-cause mortality end-point should have stopped this thing in its tracks – and it didn’t.”
There were more deaths in the vaxxed group than in the unvaxxed. Dowd assumes fraud based upon the FDA backing Pfizer in not releasing their data. He believes this is a knowing attempt to conceal the deaths. “When one party enters into a contract…and fraud was occurring when they entered into that contract, and the other party did not know that – the contract is void and null. There’s no indemnity if this can be proven, and I think it will be.” “Pfizer got blanket immunity with EUA. If fraud occurred, to my mind and what I’m seeing from their refusal to release the data – if there is fraud and it comes out – and we need whistleblowers – and it’s looking more apparent that this product is deadly – fraud eviscerates all contracts – that’s case law.
So you go down the daisy chain, and that’s liability – that’s bankruptcy for Moderna, definitely Pfizer.”
Dowd remarks that no matter the effort, one cannot hide the bodies – and “the bodies are piling up.” He notes that the deaths skyrocketed after the vaccine rollout when they should have dropped. And the deaths are what distinguished the 2021-2022 vaccine scandal as far worse than what happened with Enron. “People are dying and being maimed. This is a fraud that goes beyond the pale…We have the VAERS data…We have the DoD leak…And now we have the insurance company results and the funeral home results…We don’t need to think too hard about this…Deaths should have gone down after the vaccines rolled out. This is the most egregious fraud in history of the nation – and it’s global…Pfizer’s involved, and they committed fraud,” Dowd explained.
[..] Dowd emphasized that he is not short on Pfizer or Moderna stock. He explained that he does not profit from their share prices dropping. He also points out that his predictions are not the cause of the steep declines as these occurred before he came out with this analysis. “Let me make a point here.
The mainstream media may ignore this. Wall Street is not.”
[..]
Edward Dowd cautions those who continue to slumber, “If you are long these two stocks, you are long mandates, you are long government control, and you are long the selling of your freedoms.” Let us get everyone on board the freedom train."
Much more:
https://www.nakedcapitalism.com/2022/02/bankruptcy-for-moderna-definitely-pfizer.html
