Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
‘Nobody Believed People Would Buy Garbage’: Hertz Reimagines What’s Possible In The Age Of Robinhood
Update: Hertz on Wednesday afternoon suspended plans to sell shares "pending further understanding o
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
In the first decade of my career, as a CPA ( I started with Arthur Anderson- but that is off point), I worked on a lot of IPO’s. The SEC can effectively kill this by endless rounds of comments and never giving approval. This is what should happen.
If it does not, I will consider buying gold and burying it in my backyard.
I wonder if there are any data on the trafiic on the SEC’s EDGAR site vs. the number of sock transactions in a given time frame. The past few weeks probably mark an all-time low.
Our Federal government is turning into the worst example of ourselves individually.
Snark is back !
Priceless
Is a company even allowed to issue new stock when it’s in bankruptcy? I thought a company in chapter 11 proceedings was delisted from the stock market. Am i missing something?
A new low for private equity.
In July 2007, Charles Prince told the Financial Times that global liquidity was enormous and only a significant disruptive event could create difficulty in the leveraged buyout market. “As long as the music is playing, you’ve got to get up and dance,” he said. “We’re still dancing.” Nothing new to see here. Move along.
Caveat Emptor. In a free society, one should feel free to be “stupid” but then again, buying penny stocks are reaping a 1000% return may not be all that stupid. Please note the opportunity would not have presented itself if not for the fact that 99% of investors believe it is insane to buy a stock that has declared bankruptcy