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This whole thing reeks. The only company that could be hurt by this is Supermicro and it's a small company, it reached 2B back in 2015 and has only declined sin
by chx 8y ago
This whole thing reeks. The only company that could be hurt by this is Supermicro and it's a small company, it reached 2B back in 2015 and has only declined since. This matters because if this is a con fueled by an SMCI short then such a short position would need to be so big it would draw the attention of SEC. Something this big, it's not worth for anything less than hundred(s) of millions and then you are sitting on a short position of like what, ten, twenty percent of the entire market cap of SMCI? This makes no sense.
- superkuh 8y agoThe US feds are currently trying to persuade the Canadians not to buy Chinese telecom equipment for their 5G cell networks. A story like this gives some nice fear, uncertainty, and doubt.
- myWindoonn 8y agoThe problem with this idea is that SMCI was delisted for not filing basic paperwork with the SEC, and the delisting occurred before the Bloomberg piece was released. [0] [0] https://www.theregister.co.uk/2018/08/22/supermicro_facing_nasdaq_delisting/ https://www.theregister.co.uk/2018/08/22/supermicro_facing_n...
- chx 8y agohttps://www.marketwatch.com/press-release/supermicro-announces-suspension-of-trading-of-common-stock-on-nasdaq-and-its-intention-to-appeal-2018-08-23 https://www.marketwatch.com/press-release/supermicro-announc... Right. So then the SMCI short can be ruled out. What else could fuel this madness?