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2.a They sold some of the assets bought at step #1 at a loss (dont know why). 2.b Flubbed the PR game while trying to raise to cover the loss 2.c Bank run!
by apnew 4y ago
2.a They sold some of the assets bought at step #1 at a loss (dont know why).
2.b Flubbed the PR game while trying to raise to cover the loss
2.c Bank run!
- actionablefiber 4y ago> They sold some of the assets bought at step #1 at a loss (dont know why) I imagine they ran out of their more liquid instruments.
- apnew 4y agoAh! That would make sense why they would sell 10T at loss instead of riding out
- eek2121 4y agoIf 20 people give you $1,000 each totaling $20,000 and you just know you can make $50,000 by holding it for X amount of years thanks to the economic gods, what happens if your $20,000 suddenly is only worth $5,000 thanks to you having to sell said asset much sooner than you would like? Now you know why.