I worked for Scotttade you don’t have a clue what you are talking about. The underwriters of the stock will never allow it to happen especially when they have 344 million cash on hand on debt. Save the nevertrump nonsense for another time.
Congratulations on your career choice. Are you suggesting that a company that is hemorrhaging cash and intends to invest in new technologies would divert that cash to a buyback, which as a Scottrade professional you know requires a board resolution? Unless the board has an emergency meeting in the next 36 hours no buyback could be put in place before Monday’s opening.
And may I pick your brain for a simple math question: how long do you think the cash hoard would last if it were spent on propping up a company with a current capitalization of $5 billion?
Oh, by the way, this company was created from a SPAC. (Look it up.) THERE ARE NO UNDERWRITERS.
And even if this were a conventional IPO (it’s not) and even if there were underwriters (there are not,) in my 42 years in finance I’ve never seen underwriters attempt a price stabilization for more than a few days.
Bingo!
Exactly. Appreciate you’re input on this manipulative fraud Miami rebel