I'll take the second one first, here today -- because it's easy. And I like easy, on Sundays. Here is the only remotely likely saving rule (which would allow Pfizer to avoid filing an LD-2 on or before October 20, 2015):
. . . .An organization employing in-house lobbyists whose total expenses in connection with lobbying activities do not exceed and are not expected to exceed $12,500 in the quarterly period during which the registration would be made is not required to be registered. . . .
Now, I suppose it is possible that -- despite spending $2.1 million in the third quarter of 2014 -- and between $1.2 million and $3.8 million dollars per quarter, every quarter since 1999 -- Mr. Read simply turned off the faucet in Q3 2015. Possible. But unlikely. No, I think he's overdue. What did he spend the shareholders' money on, last quarter? The applicable federal law requires that he say, and say -- in detail. All the other multi-national majors in our pharma space have already complied (Kenilworth plainly included here) -- why hasn't he? We will track this -- and his renewed inversion efforts, now pretty closely, in the coming weeks -- as time from our myriad other responsibilities permits. Onward!
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