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>He is effectively paying for these flights by buying Canoo stock. If a CEO is intentionally creating a situation to make a company unprofitable and paying it
by TRDRVR 3y ago
>He is effectively paying for these flights by buying Canoo stock.
If a CEO is intentionally creating a situation to make a company unprofitable and paying it back by buying shares, that is 100% securities fraud and I'm stunned anyone disagreed with that assertion.
- fnordpiglet 3y agoYes but that’s actually not what’s happening, so seems a bit of a non sequitur.
- TRDRVR 3y agoYes. I agree. That was the point I was making. I'm not saying the company is committing securities fraud, I am saying that if the company created a scheme as described by the commentor I was replying to, then that would be securities fraud.