Not true. He was a large active investor and at the end of the day, he held this all the way. He did not sell, his fund was liquidated. Had he been a negative investor he would have said more and ultimately divested as part of his fiduciary duty.
You can’t really make something out of nothing. He held because he believed, and learned along the way that there were these radical, nasties who do damage to firms and their investments to enrich themselves, steal IP and companies for cheap by pretending to be “shareholder advocates” AND they have the help of unscrupulous fake journalists who get their tips from the bad guys and all the bad guys scratch each other’s backs to get what they want. While winking at each other and persisting with the false idea that they are … wink, wink, shareholder advocates.
The GME and AMC folks have the right idea. It’s manipulation that steals value from good companies, puts it into hedge funds who then use that stolen value to “hedge” other companies without having to raise more capital. It’s basically stealing capital that they then do not have to raise to goose their returns.
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