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Chief Financial Officer causes significant loss to his company's stock
$POET company announced today that Marvell $MRVL canceled all purchase orders it received from Celestial AI ( the company acquired by Marvell )
$MRVL company accuses $POET of "disclosing purchase request information and shipping data in violation of confidentiality obligations"
What happened?
Last week, $POET stock soared +40% over two sessions after the company's CFO confirmed in an interview with @Stocktwits that $POET received a purchase order related to Marvell and provided confidential details about the deal #CryptoMarketsRiseBroadly #WHCADinnerShootingIncident #IranProposesHormuzStraitReopeningTerms without prior approval from $MRVL
#WCT$KAS5S CTradingKingPK #比特币Breaks79K #