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Friday, December 08, 2023 5:01:58 PM
IMO because the legit normal money markets have been so tight the past 2 years, many of these companies are having to do offerings under terms and with financiers that would never have done 2 years ago. And someone figured that out and is taking full advantage of these toxic loans and shorting them to oblivion. They the company has no choice but to do a RS and they short it more.
I give them fill credit for taking advantage of this strategy.
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