I don't know, can't put my finger on it but nothing about the whole story makes any sense.
Why does Einhorn bring international attention, about dangers in the stock market, to an extremely obscure company, that had never traded more than 1,900 shares a day in it's history.....and had really never done anything but go up since it started trading @ $1.00 back in 2019, so it's unlikely any public investor had actually lost any money in it...??
Not to mention the deli was essentially irrelevant anyway, as it's in the filings that they are seeking a merger or acquisition, so the deli was never the end game, it was probably more likely an Asian merger/acquisition. There are multiple new issue OTC companies that do this every year, they go public and are used in RMs, there is nothing necessarily odd about this.
There is no question looking at the stock volume history, that Einhorn's awareness generated the volume spike....but why HWIN, there has to be more to the story IMO. Maybe what he thought was an easy short opportunity, did not work out as he expected?? Or maybe he needed the volume for some reason, you know the old saying 'any publicity is good publicity'..... especially for an illiquid stock.
Clearly Einhorn's awareness has been good for some sellers, as he brought volume.....but not good for the company itself, so overall just a very bizarre story.
