Doggydogworld
Active Member
Imagine that, market participants asking regulators to prevent blatant market manipulation. What is the world coming to?This confirms my belief that the distribution of a new security to existing shareholders is a viable way to make shorts cover:
Former Overstock CEO Byrne Dumps $90 Million Stock Gains Into Gold, Crypto "Out Of Reach Of Deep State"
Byrne may be a fruitcake, but he is not a liar. Apparently, the big lenders of shares to shorts (GS,MS &JPM) were so screwed by the imminent distribution that they had to go to the SEC to rescue them. What a country!
I'd personally prefer Musk not pump the stock then dump all his shares and move the proceeds into un-traceable offshore assets before fleeing to a country with no extradition treaty. But reasonable minds can differ, lol.