Many naively hoped that having destroyed the Bulletin Board, the pigs would be satiated. The facts are just the opposite. Wasn't it enough that no type of funding was left from institutional sources that wasn't a PIPE format? Were there ever any PIPES deals that were not shorted, the vast majority before they were even offered, much less closed? Reports on PIPES reflect this crisis. Rodman was one of the biggest PIPES players, but they stopped doing these deals with minor exceptions many months ago.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.