Post by
Greenday on Oct 10, 2024 1:36pm
Charity Flow Through Units
Shareholders are paying for the tax deduction that the purchasers of charity flow through units can exercise for themselves.
FUU is raising $7M on the deal but the market cap of FUU just dropped by over $10M because of the deal.
So who just paid for the tax deduction of Red Cloud's clients?
There needs to be some legislation introduced to stop this kind of nonsense. At the very least purchasers of the charity flow through units have to be restricted from shorting the market to help pay for their charity flow through units.
Comment by
SmokeyOB on Oct 10, 2024 2:56pm
Perhaps that's why the shares were in their recovery mode. The shorters from last time were covering their shorts just to do it all over again. But the management is severely lacking.