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I don't see any possible way for the fund to actually make use of the "value" here. It's just a pumped stock that's had trading halted 3 times in the past hour
by nlowell 8y ago
I don't see any possible way for the fund to actually make use of the "value" here. It's just a pumped stock that's had trading halted 3 times in the past hour or so. They wouldn't be able to sell without crashing the price and I highly highly doubt price is going to remain so high over time.
- conjecTech 8y agoThe borrow rates are the highest I've ever seen - 500% annualized. They'll likely be lending a significant portion of their stake, which will net them a good return even if they never are able to liquidate the stock themselves.