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Increase short interest I guess? Presume they have a massive short position.
by sails 5y ago
Increase short interest I guess? Presume they have a massive short position.
- rjtavares 5y agoNo, they own 5% of the company. The deck is not a take down of the company, is a take down of the CEO.
- sails 5y agoInteresting, thanks for clarifying!
- oceliker 5y agoBased on their press releases, it sounds like they actually hold significant stock, hence the urgency to do something about it I guess. https://www.blackwellscap.com/pressrelease/blackwells-capital-continues-to-call-for-urgent-action-at-peloton-comments-on-reported-changes/ https://www.blackwellscap.com/pressrelease/blackwells-capita...
- celticninja 5y agoThey want to improve the price as they hold the stock, probably want to offload it and are hoping a CEO change will lead to a price bump.