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Re: horst post# 556

Monday, 05/10/2021 7:02:17 PM

Monday, May 10, 2021 7:02:17 PM

Post# of 607
My understanding is a custodian has to show financial interest in the company so that's why I'm assuming the price of these stocks shoot up A-day or few before they announce a court date. And you're saying the custodian can sell these preferred or get a commission of sorts for his role. Sounds like these guys doing these reverse mergers are Super duper cleaning up financially on these plays!!! Given the custodian is supposed to have the general shareholder interest at heart. It doesn't seem quite right that he can just give a bunch of preferred shares to just anybody wanting to take this over. Shouldn't it cost the company coming inSomething more given they're going to be given controlling interest? Just doesn't seem quite right, does it?

If the higher valuation is coveted, What's to keep these stocks from being pushed to just increase indefinitely? Is any cap evaluation too much?