Hedge funds and banks do this stuff intentionally to tank the stock,while they short it and make billions. They buy some shares and put people on the board,to bankrupt the company. They never have to buy the stock back so all their gains are tax free.
I dont know about this case, but they have done it to many others.
If the losses are not realised it hurts 401k even further … once all becomes clear that there is more liabilities that assets - the Silicon Bank as a good example.
Better to correct earlier and minimise the loss - only possible if people making those stupid decisions are out.
Hedge funds and banks do this stuff intentionally to tank the stock,while they short it and make billions. They buy some shares and put people on the board,to bankrupt the company. They never have to buy the stock back so all their gains are tax free.
I dont know about this case, but they have done it to many others.
Don't help them out.
This is how gme is going to bring down the whole temple.
People will wake up in a hurry, when it hurts their 401k....
If the losses are not realised it hurts 401k even further … once all becomes clear that there is more liabilities that assets - the Silicon Bank as a good example.
Better to correct earlier and minimise the loss - only possible if people making those stupid decisions are out.