GREY:XEBEQ - Post by User
Comment by
rltchkon Feb 09, 2023 10:24am
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Post# 35276986
RE:RE:RE:RE:Sale of Hygear
RE:RE:RE:RE:Sale of HygearIMHO this is nothing more than the usual stick it to the shareholders... basically run up debt by buying companies such as HyGear at inflated prices so their equity holders make a killing (including anyone who bought shares with inside info). Then declare bankruptcy which usually means shareholders get zip while having financed all this inflated spending. Form new numbered private companies and purchase assets at firesale prices and then make even more returns without those "annoying" public shareholders.
Unfortunately the Securities Oversight does not protect shareholders. It only protects big money investors who can pull these types of "stick it to shareholders" deals with impunity. We know that the ones who perpatrate these deals are never held to account by anyone because everything was "aboveboard" and "legal" but not ethical.
My rant for today. I have gone through this type of deal 2 other times where companies were taken private and shareholders were left with very little in rewards for financing the companies activities.