Tuesday, August 02, 2022 12:04:56 PM
And if he held those and went underwater that might be his saving grace.
The hustle stopped making sense when the float kept growing. We should’ve been in a frozen state as negotiations took place but I witnessed the float grow 3-4 different times before I hit the road. It’s funny thinking back in my mind how much I didn’t like the sight of a 146 mil float turning into 152....considering this is a straight up bloated pig now. But the size of the growth wasnt the point
The point was that they were allegedly negotiating trying to close a deal, yet they kept diluting and selling into the buying interest. I wasn’t necessarily thinking “scam” I was thinking “huge dumb ass”....obviously if you were trying to close you would protect this vehicle and keep everything unchanged.
But obviously it wasn’t real.
I have no idea what story JG’s actions tell a person but in the broadest sense if you were speculating based off of what you saw disclosed (like me)....you saw an unusual amount of open market buying.
It seemed like he wanted to own a lot of PASO...which made a person think they were going to close a deal
But that was 1st qtr 2020 to early fall 2020.....this was a different looking piece after a certain point
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