While there are still many questions about what was going on behind the scenes, the main one I keep coming back to is: who was buying all of those large blocks of shares?
I think we have established that they were not going to retail, at least not all of them. And, there had to be a buyer on the other end that transferred real money for close to a billion shares. Who and why would they do that?
The thought I keep coming back to is that someone somehow was absorbing a lot of those shares for the company- it’d be a relatively cheap way to essentially transfer “ownership” of the company, while also paying off some debt...if they thought that those shares would be worth more at a later time.
In light of the recent SEC suspension, and reading up on the grey market ( https://www.extraordinaryinvestor.com/grey-sheets.html ), I can’t help but think if/how those billion shares may play into a potential strategy going forward.
If there’s anyone still left around here, I’m open to ideas.
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