Morgan Stanley Dumps LSR/HLS Shares
As part of Operation IX3, Win Animal Rights recently launched a campaign to educate the folks at Morgan Stanley, headquartered here in New York City, about the drawbacks of blood money investments. Morgan Stanley was LSR/HLS' #1 Institutional Investor with a holding of 679,225 shares, making them a 5% owner of Huntingdon Life Sciences.
Peaceful, legal demonstrations at the homes of 5 Morgan Stanley executives were held on Saturday, August 1, 2009:
Subsequently, peaceful legal protests were held at Morgan Stanley HQ and additional demos were held at the homes of additional Morgan Stanley executives on Thursday, August 6, 2009:
On Friday August 7, 2009 and Monday August 10, 2009, several hundred thousands of LSR shares were dumped, resulting in a downward slide of the share price. On Wednesday, August 12, 2009, Morgan Stanley notified the SEC of their divestiture.
Thank you Morgan Stanley!
LSR/HLS Financial Update
Additionally, much has been happening on the financial front as LSR/Huntingdon Life Sciences CEO, Andrew Baker, moves forward with his plans to acquire HLS and make it a privately held company. A Proxy Statement has been filed with the SEC (Securities Exchange Commission). You can read the 132 page document by clicking on "Proxy Statement" here:
A good analysis of the pending merger and proxy statement is provided by a New York Times financial blogger, here:
The Proxy Statement makes it abundantly clear that animal rights campaigning has had a tremendous impact on LSR/HLS' financial predicament and has caused them to have limited options for the future. An in depth analysis was contracted by a special committee appointed by the Board of Directors and carried out by Plymouth Partners LLC. The Plymouth report cited the influence of animal rights campaigners over and over again, in relationship to investors, market makers, trading platforms, customers and suppliers.
Also of note in the Plymouth report was the fact that LSR/HLS was in imminent danger of defaulting on their long term debt and additionally that they were in imminent danger of being delisted by the NYSE Arca for failure to maintain the minimum levels of capitalization for continued listing. All in all, the report gave a very grim picture of LSR's financial position. A more detailed analysis and publication of selected excerpts from the reports will be forthcoming in the near future.
Meanwhile, Win Animal Rights will be moving ahead with plans to focus on HLS' primary customers. Protests against key customers will be held this Sunday afternoon. An action alert with specific times and details about meeting location will be posted later today.
Win Animal Rights wishes to take this opportunity to thank all of you who have in any way supported the campaign to stop the killing at Huntingdon Life Sciences. Every action, every protest, every letter and every phone call contributed to the results that are now clearly exposed by these recent SEC filings.
Huntingdon Life Sciences is once again on it's knees. It is time to put this dying monster of a company out of it's (and our) misery. LET'S KICK THEM TO HELL BEFORE THEY CAN GET UP AGAIN!!!
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W.A.R. (WIN ANIMAL RIGHTS) is an independent non-profit organization not affiliated or associated with SHAC, SHAC USA or any other group or organization and does not conduct or incite any illegal activity. The above information is not meant to incite or request any illegal actions or illegal activities of any kind. If you have any questions about the legality of any act, we encourage everyone receiving this (or the) action alert(s) to check your local laws and ordinances before proceeding to do anything.