Added the Merger Agreement. Anyone can use ChatGPT to simplify the fractional shares structure built into the exchange offer. This whole thing is disgusting any which way you look at it. It makes me wonder if Alternative Liquidity was created by a Prime Broker who is under the influence of a counterparty, who controls order flow to the point where CDIV/RILY obligations could remain open so the parent company can absorb the debt on a higher exchange, just to put it into bankruptcy, and get away with the fraud. I wouldn't be surprised if there was an options chain, ADR, or a CFD connected to the shell or parent company trading in an unregistered or foreign exchange somewhere in the world.
And they say the SEC protects investors lol. Its more like they aid and abet securities fraud under the Advisory Act of 1940 and a market maker exemption inside RegSho.
Welp, a forced liquidation by the short hedge fund during a market liquidation event in progress....lets see how this one will play out.
Yen Carry Trade
Silver
Corp Bonds
CLO's
Reverse repo reserves are below 1 billion....regional banks are bleeding and counterparty risk is extremely high....tic tok.
