http://www.google.com/search?hl=en&q=whole+foods+message+board+alias

This is a huge deal, because the SEC has issued an injunction that temporarily stops Whole Foods from closing their merger deal.

An injunction?   Well how about that!

That would be an interesting scenario… let’s compare…

Nuinsco makes their move, and U.S. shareholders petition the SEC to file an Injunction, and block the acquisition from closing, until a (Sarbanes Oxley driven) inquiry is completed.

But meanwhile, the CCH symbol keeps trading.  CCH is “in play”.   And everyone knows that CCH is being sought after.

Whole Foods and Wild Oats (Nasdaq:OATS) has continued to trade – plenty of precedent there.  And you can see the OATS chart jump up (after it was driven down).

The difference might be that CCH trades for a forward PE ratio of less than 1.  I have documented that dozens of times, and it’s on my website (see the link for “Fundamental Analysis”).  There are more recent posts on this board, where I discuss the forward PE.

So if there is any “in play action” with CCH shares, it will probably be sharply UP.

We have all this “supporting evidence” that shows Downplay, and then we have all of the Bashing and Disinformation on the   StockHouse Board – that might get tied to the Nuinsco Management team (maybe, no proof found yet). 

And then we have a case in the United States and Canada (Whole Foods has stores in Canada) that has strange similarities to this situation.

The press has seen this kind of story – they are hungry for it.

And now we see some early proof that Fortier was in fact downplaying (it’s still opinion only, but I will call it “proof” in this case.   For many months, I have been writing that Mr. Fortier was giving out inflated production costs numbers for Corner Bay.  He was quoting production cost numbers of around $1.70 USD per pound. 

His numbers appeared in at least one press release, they were on the official Campbell website (in the 2007 slideshow), and Fortier gave out that number in answers to phone calls and emails.

I personally asked him if this $1.70 number (he told me $1.80) was the ongoing cost number, and he said “yes”.  That was my last phone call to him, in April 2007.  After that, I made my personal decision to become a shareholder activist.

But look now:   the “big news” is that Management has now admitted that the $1.70 number (Corner Bay copper production costs) deliberately included development costs, and the real ongoing production cost number is around $1.09.  This little update was slipped into a recent press release form either Campbell or Nuinsco.   It is now almost certain that Mr. Fortier was spreading disinformation, and knew it all along (but I emphasize, my charge is still opinion only). 

Does anyone have that press release?