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Tuesday, August 25, 2020 9:31:40 AM
Shareholders take a while to obtain; if you can do something to decimate the base, the loyal base, they do not all of a sudden come back, they look elsewhere. I have seen this done with hit pieces in biotech stocks all too often.
One of the goals is to simply destroy the share price which otherwise might be a means of financing a company project (smartly the company cashed up several months ago).
The power of the media and politico, a major outlet, then followed by bloomberg and their dozens of subsidiaries and associated "industry" people, is immense. Regular people have no idea half the time of what they own, or the laws or the process so they can be spooked out of a stock.
This all started from two tweets that Don Jr. Made, where he threw his lot in against the project, then buddied up to Jane Fonda, and then the president revealed "my son is an environmentalist." Fonda has led protests for 40 years, with her bullhorn, from her 10 million dollar mansion in Beverly hills on behalf of the "little people." And the President was then non committal on the project. He should have said, I do not get involved in the permitting process. We just go by the law in advanced stage projects, whatever the scientists and engineers determine that is the way it is, but he did not say that, his comment suggested he himself had the power to give a yea or naay on Pebble, not a good movie. Obviously he has politics involved, hoping I suppose to grab votes from independents, and he must figure, a couple of battleground states might come in with him, if he "vacillates," which is what he did.
He should have said, what my son tweeted is of no effect, he is a private citizen, and a private citizen cannot effect a late stage permitting process, nor can I. The kid put him in a bad compromising way, and the LEFT pounced, seeing an obvious opportunity Jr. had given them, when he sided with them and their lies, and they they organized and pounced.
very sad.
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