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Companies can't "own their own shares"; everything belongs to the shareholders. What those shares are are 'treasury shares'(that still belong to the real shareh
by tryptophan 6y ago
Companies can't "own their own shares"; everything belongs to the shareholders. What those shares are are 'treasury shares'(that still belong to the real shareholders) that they can pull out and sell at any time to raise capital. Not sure why they don't do this and get rid of their 500M debt.
Not sure that we should be sad for people who get burned by this... play stupid games, and you will win stupid prizes.
- whatshisface 6y agoIf the put those shares on the market, the shares in the first block will go for the current price, but the shares in every block afterwards will go for $2.