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tigerpac

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tigerpac

Re: None

Monday, 09/11/2023 11:27:10 AM

Monday, September 11, 2023 11:27:10 AM

Post# of 6860
What the CEO basically did was short his own stock. Direct offering at $2 then announcing a stock buyback at $1.35 .

Common stockholders, of which he is not, take the dilution bullet. Where the buyback money comes from is anyone’s guess as the inter-company transactions (GASS and CISS) are fast and furious and you can be sure that the CEO’s performance bonus is tied to metrics that only he can attain by doing fancy transactions.

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