Yes its all very sordid, i still cannot believe how many people are prepared to sink there hard earned $$$$ in to this during these cash raising dilutions, when in all likelihood they will lose money.That November squeeze blinded so many and in hindsight it was obviously staged to attract interest to allow for all this cash raising.
It does appear that GE has pushed is luck once to often and is struggling to complete this last round.
It would not surprise me if GE has to raise the money by some other method to complete his buying spree. That would at least spare current commons from further dilution.
But based on his track record if i was a bank i would not touch him with barge pole as his history of defaulting is the only thing that is first class about this self serving crook.
For the last 5 months this has screamed short or leave a lone but so many commons have lost a boat load still. I just do not get it, i made some rookie mistakes when i first traded, ignoring the sentiment etc but even Stevie Wonder could have seen this train wreck months ago.
As for the Nasdaq and SEC whilst GE may have played by within the rules they should have realized by now the game is broken and closed the holes to stop this destruction of US commons by a foreign company with the money leaving the US for GE and his cronies, shameful.
JMHO
