21–30 of 230 posts
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1. You own a company. 2. Your company produces something hugely useful / beneficial for society; in other words, it produces something hugely valuable. 3. Your company is therefore valuable, making you super wealthy. Which part of the above is unethical?
1. A highly illiquid asset that's mostly owned by the founder
2. Price manipulation to artificially inflate the asset price
3. Mark-to-market accounting to artificially inflate the market cap
4. Using the inflated market cap to justify borrowing billions in liquid assets
5. A downturn in the market and... the money's gone
Also, he might be a 3rd richest person on paper, but I call him a flight risk. Once Modi govt is kicked out, he’ll flee India, just like other scammers like Nirav Modi and Vijay Mallya.
These are the people that broke the “Nikola rolling a truck down a hill” story. https://hindenburgresearch.com/nikola/
"Nobody thought the sales were real" LMAO
https://www.youtube.com/watch?v=n0Y81M8oWn4 (make sure you watch the ending)
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1. You own a company. 2. Your company produces something hugely useful / beneficial for society; in other words, it produces something hugely valuable. 3. Your company is therefore valuable, making you super wealthy. Which part of the above is unethical?
I love short sellers, Citron did a little sting in my city, Hong Kong, trying to short Evergrande with an A to Z demonstration of how it was ponzinomics, to end up being sued by our regulator for stock manipulation and being condemned years later finally to not trade in HK for years. A little while later, Evergrande's Ponzi finally collapsed. Nobody here bothered to disprove the claim, they only cared about the share price dropping too fast.
Any company claiming short sellers are evil are lying to you: they d simply buy back the shares at a discount, if they were so sure of themselves.