3 ms·
This is pretty normal for high fliers to use their equity to take cash out and diversify into other companies and investments. It’s how the rich keep getting ri
by happytiger 3y ago
This is pretty normal for high fliers to use their equity to take cash out and diversify into other companies and investments. It’s how the rich keep getting richer.
Unless one knows what he is using the cashed out money for, there is no objective way to assess the risk. He could pledge all his stock and just put the money in the bank for interest or just use it to generate a return somewhere and nobody would be the wiser.
- sgjohnson 3y agoBut we do know why he cashed out a significant amount. Apparently to light it on fire.
- defrost 3y agoThat'd be the Grimes influence coming out, homage to The KLF. https://www.thenational.scot/culture/23768111.klf-unravelling-legacy-band-burned-1-million https://www.thenational.scot/culture/23768111.klf-unravellin... We're all bound for Mu Mu Land.
- happytiger 3y agoI mean lacking other evidence doesn’t rule this scenario out. ;)