Friday, December 03, 2021 1:09:28 PM
Yes, it literally is like there is a gun to companies heads, if the company has no other way to get funding... toxic lenders push the pps down, for those in the know to grab cheap shares, knowing they can sell on the subsequent run, then sell off feeding the MMs to tank it. This is all pretty well known actually. Hence why the SEC has put a stop to this.
There is a ton of nasty stuff that happens here in the otc, that's why there so much risk and you have to play it accordingly or get raped.
For BYOC, the toxic lenders were removed first and that was last year... hence the runs/ drops we had. This year, got rid of the rest of one them with a lawsuit, Illiad. But this is different than last year, in that Illiad had no control to run it.
I do not consider Discover toxic, although with price action, it definitely appears that way. Regardless of what the company says that it defaulted on the Discover note, I believe that it was by design. Ironically, I believe it is for the greater good for shareholders, just depends on what type you are.
My thoughts/opinions are my own, based on research & DD, best to find your own! I invest for myself/ family 1st, then everybody else.. the same as any business!
Please do not buy, sell, hold based on my opinion!
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