And THAT will lead to a class action lawsuit. There isn’t the slightest thing illegal, or even unethical about this. It is exactly, precisely, what the hedge fund is doing.
For every buyer, there must be a seller.
The problem is when you reverse the process and sell before buying. Like the old timeshare scandals of the 80s, they short sold more shares than exists, and the true buyers are not selling.
The hedge funds got beaten at their own game, and they're running the referee to throw the flag. Like in the movie The Blind Side, the penalty will be "excessive blocking holding."
I think the elite will demand their money back, one way or another.
-PJ
Court will just say “No standing “ and ignore it. No judge will make the Hedge funds mad, to much money