ACY - I agree, total lunacy. Only 1.1M share float, so I guess it doesn't take much. They did get a deal done on their debt, but that was quite a while ago.
With Bitcoin popping over $27,000, maybe there is more nuttiness to come. Just because some of these mainstream institutions are beginning to get involved with bitcoin, doesn't convince me of its legitimacy.
Bear Stearns, Lehman Brothers, Goldman Sachs, Washington Mutual, Bank of America, Morgan Stanley, Merrill Lynch, Citigroup, UBS, Deutsche Bank, and JPMorgan were all players in the housing bubble.
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