Obviously there’s a “back story” here. Wouldn’t it be nice if we had an intellectually curious media?
I shopped at the store a couple of times about a decade ago. My gut feeling was that it used up a lot of floor space, but simply didn’t have the week/monthly revenue to really pay for rent (they always selected high trendy places). Stock-wise, it bounced around from $15 to $25 for a long time....then hit some era (2010) where it was $40 to $60 for six years. Then it hit the 2017 point, where it was dropping every month. Whole thing is undervalued, and ought to be up for sale for a quarter of its value from five years ago.
Go woke get ummmm broke?
Back story is that he was probably laid off and didn’t have sufficient support to pay his rent.
He sold his stock for about $24/share in August. It closed at $23.08/share on August 17 and is down to $8.63 as of Friday closing, $8.59 in aftermarket trading, still up from $4.43 on July 6th. Whatever made the price go up more than five times between July 6th and August 17th, he may well have played a major role. It’s likely he’s played this game before, with other companies, but this time he was caught.
We used to. But they got bought off by the establishment. In exchange for being invited to the trendy cocktail parties and Martha's Vineyard soirees, they agree to regurgitate the press releases that are spoon fed to them by their overlords.
For them, it's a comfortable life and an exclusive club to belong to. They wouldn't want too mess that up by poking around in places where their masters don't want them to go.
I agree there is something else going on here, and I am sure that the Daily Mail will find the story they seem to be the ONLY media t9day with ANY curiosity!!
You must be old if you remember the days when the press actually THOUGHT about things before they started writing - writing from 'self0serving talking points' handed to their editors.
That said, this man created a permanent solution to a temporary problem. Prayers for his family and loved ones...