So the Chesapeake saga continues. It seems the board knew what CEO was doing and even OK'd it having him trade for his own account.
Reading more and more into this company, with all the shady things that are going on plus the fact that it is totally cash strapped and will be desperately unloading its assets. So I think keep shorting it for the time being.
http://www.reuters.com/article/2012/05/08/us-chesapeake-mcclendon-contract-idUSBRE8470EU20120508
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