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Did anyone ever follow that $100 million a hedge fund dumped into the company like a year ago, well into the crap htting the fan? What was that about? Why would
by DubiousPusher 8y ago
Did anyone ever follow that $100 million a hedge fund dumped into the company like a year ago, well into the crap htting the fan? What was that about? Why would you do that?
- rrdharan 8y agoIt was for their patents - as one of the other commenters mentioned, in the event that they fold, i.e. now, the hedge fund gains ownership of all their patents.
- DubiousPusher 8y agoDid they hold any valuable patents? As I understand the FDA came out and said the device didn't work and beyond that any evidence suggesting it did was not just misguided but fraudulent.
- syntaxfree 8y agoYou can never rule out money laundering. Acquire a big stake of a failing company, claim proceeds from liquidation.