Aubrey K.McClendon,chief executive of Chesapeake Energy Corp.,Oklahoma City,(NYSE:CHK)involuntarily sold substantially all of his shares of Chesapeake common stock from Oct.7-10 to meet margin loan calls.McClendon says,"I am very disappointed to have been required to sell substantially all of my shares of Chesapeake.These involuntary and unexpected sales were precipitated by the extraordinary circumstances of the worldwide financial crisis.In no way do these sales reflect my view of the company's financial position or my view of Chesapeake's future performance potential.I have been the company's largest individual shareholder for the past three years and frequently purchased additional shares of stock on margin as an expression of my complete confidence in the value of the company's strategy and assets."
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