This article is the forth in a series that will expose the questionable ethics of Texas Lt. Governor Dan Patrick. In this series you have learned that Dan Patrick is not a Republican or conservative but a PLUTOCRAT with the interest of Texas citizens as the least of his concerns.
Furthermore, in this report you will see how Dan Patrick has steered legislation for the benefit of his own wealth at the expense of your medical liberty.
Keeping Texans free from Washington, D.C.’s unlawful war-on-employment vaccine mandates was never really a priority for Lt. Governor Dan Patrick as a review of his personal financial disclosure forms has uncovered.
RER previously reported how a Texas electricity grid reform bill known as SB 2 created the mechanism for Lt. Governor Dan Patrick to politically benefit by maneuvering two big-dollar donors into key roles affecting every Texan who turns on a light switch.
RER can now reveal Lt. Governor Dan Patrick has a personal financial investment in one of the key Big Pharma manufacturers of COVID-19 vaccines which adds another layer of scrutiny to a bill the Lt. Governor let fail during the 3rd special session.
In his June of 2021 financial disclosure report, Texas Lt. Governor Dan Patrick admits that at that time he had an investment in Pfizer – an equity position. This is exactly at the moment that the national conversation was beginning to rage about vaccine boosters, the expanded vaccination of children, and the continued bombardment by the Biden administration to “get vaccinated, or we’ll make you”. The Texas Legislature was also at the beginning of its series of 2021 special sessions.
It is impossible for RER to determine exactly when Lt. Gov. Patrick purchased Pfizer stock.
To be fair to Lt. Gov. Patrick, RER examined his entire financial disclosure statements to determine when he first reported owning Pfizer stock. We observed that Dan Patrick’s first disclosure of owning Pfizer stock was in the summer of 2017.
But, what has the stock done since 2017?
At the time of Patrick’s first reporting his ownership of Pfizer, the stock was trading in the vicinity of $25. The stock had a nice ride and into the first week of 2020 it peaked at $35.
Then “The Rona” hit.
Along with the rest of the U.S. stock market, Pfizer suffered a major and sharp correction that began in February 2020. At the market bottom Pfizer was trading where Dan Patrick assumingly purchased his shares in 2017, at around $25 per share. This would have his position at even, a slight position loss, maybe only a paper loss, or still barely profitable.
Immediately after the November 2020 election, the grand announcement was made to the world that vaccines had been developed to destroy The Rona led by Pfizer. Pfizer stock shot up to a high of $40+ per share. After a brief pullback at the beginning of the 2021 Texas Legislature’s regular session, Pfizer began to move up to all-time historical highs as Sine Die approached and hit $50+ per share. During the third legislative special session of 2021, then certainly after the adjournment, Pfizer became a rocket ship to the moon making historical high after historical high and hitting its price summit of $60+.
As the New Year arrived, the entire stock market rolled over into a current correction condition and Pfizer followed the trend. As of Friday, February 4, 2022 Pfizer closed trading at an even $53 per share.
While Texas disclosure rules allow elected officials to only report the number of shares held in a range, as Pfizer stock price jumps the 100-499 shares owned by the Lt. Governor and his spouse could be now valued for as much as $26,477 with more than a 100% ROI for the Patrick couple since entering the position.
Texans may recall the Keep Texas Free from Vaccine Mandates and Medical Segregation bill SB 51 failed to gain traction beyond the Senate State Affairs Committee during the 3rd special session.
The bill was opposed by several business, healthcare, and governmental entities including Texans for Lawsuit Reform (endorser and funder of Patrick), Texas Catholic Conference of Bishops, Texas Association of School Administrators, Texas Association of Business (endorser and funder of Patrick), Greater Houston Partnership, Texas Association of Manufacturers (endorser and funder of Patrick), and Texas Association of School Boards.
The bill would’ve stopped the “papers please” principle of vaccine passports, leveraged the principle of state pre-emption to prevent schools, municipalities and counties from imposing compulsory COVID-10 injections as a condition of employment, preserved every Texans freedom of conscience and state unequivocally that no Texan should lose their job over a one-size-fits-all federal mandate.
Then again, if the compulsory injections in Texas, the U.S. and countries around the world ended so might the big run-up in Pfizer’s stock price and the value of Dan Patrick’s Pfizer holdings. Every time a human gets jabbed Dan Patrick goes to the bank!
RER has shown Texans how Dan Patrick stood to benefit both politically and personally by ensuring one piece of legislation passed The Lege and ensuring another failed.
The broader public policy question centers on Texans right to know if personal financial interests are a driving force behind the legislation Dan Patrick does and doesn’t push through the Pink Dome.
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