Wednesday, April 12, 2023 5:04:14 PM
Right before the engineered SVB bank run, the market was like watching paint dry. There were multiple liquidity warnings such as the Volmagedon 2. I have no problem with Andreas getting the ducks in a row, but any attempt at value creation will probably not materialize.
Just think about if for a minute...
They sucked much of the money out of the economy. Then the market bounced from 500+ billion dollars being injected back into the economy (which supposedly ends April 30th). Now that the wealthy have been backstopped from any real risk, we enter the wealth accumulation phase. This is where wealthy individuals, corporations, and/or institutions participate in predatory market practices to steal value from distressed companies for pennies on the dollar... This is NOT favorable to OTC companies.
They're trying to line this phase up perfectly with the beginning of the election cycle... This way, we are all too distracted by some political BS to notice... This is all typical market cyclicality considering there's no flash crash.
Sorry if this post seems cynical, but its just the way the aristocratic cookie crumbles... It is what it is.
Andreas may be better off waiting for rate cuts to happen before any attempt at value creation.
Someone, correct me if I'm wrong, but isn't EcoVents owned by KEEN home now?
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