Pet food insider sold shares before recall

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From our friend and AR colleague, Janice Blue. Pet food insider sold shares before recall CFO calls sale a 'horrible coincidence' KEITH MCARTHUR The chief financial officer of Menu Foods Income Fund says it's a "horrible coincidence" that he sold nearly half his units in the troubled pet food maker less than three weeks before a massive recall of tainted pet food.Insider trading reports show that Mark Wiens sold 14,000 units for $102,900 on Feb. 26 and Feb. 27. Those shares would be worth $62,440 today, based on yesterday's close of $4.46 a unit.That represented 45 per cent of Mr. Wiens's units. After the sale, he still owned 17,193 units and options to purchase 101,812 units, according to insider trading reports."It's a horrible coincidence, yes . . ." Mr. Wiens said yesterday."I hold myself to the highest ethical and moral standards possible. I wouldn't do anything to imperil the high governance standards that I demand of myself or anybody in the company.â€Â(full story): http://www.theglobeandmail.com/servlet/story/LAC.20070410.RMENU10/TPStory/Business

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