Naked Brand Group, Inc. (NAKD)

[JOHNNIEBG]

Here is what I found....

The NAKD ticker might be the most logical explanation. This is a company that before the rally seemed on a straight path to bankruptcy. In late 2019 and early 2020, the company was borrowing money at a 20% interest rate compounded daily.

Whatever the cause, NAKD stock soared. And management wisely capitalized. It sold shares and warrants to raise cash. Not only has it skirted bankruptcy, but it has nearly $200 million in cash with which to hunt for acquisitions.

This tells me that this money was part of the 282 million that Naked took into the merger with Cenntro.......