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Liquidity issue. Or rather, extremely close to it. The CEO said he "doesn't want to use the L word" to describe it. Basically they had to cover/deposit the pu
by a254613e 6y ago
Liquidity issue. Or rather, extremely close to it.
The CEO said he "doesn't want to use the L word" to describe it.
Basically they had to cover/deposit the purchase trades themselves, before they ran out of money to do so (liquidity issue) they shut down purchasing - then went on record on CNBC etc claiming that it's not a liquidity issue.
Interview with the CEO https://youtu.be/LqoJApzkaPU?t=404 https://youtu.be/LqoJApzkaPU?t=404 where he confirms that's the case
- deleted 6y ago[deleted]