The people that gave $100 million at $4 per share. That money is now worth $5 million a 95% loss. That’s a huge loss and dwarfs any retail investor on HC.
It is hard to sue in capital raising becuase of all the disclaimers and limited liabilities.
But investing in a startup that generates 500k per year is a totally different investment than a company that generates $128 million per year.
And remember very shortly the key execs who pushed the $128 million per year narrative are going to be found guilty of misleading and deceptive conduct.
If I gave millions at $4 per share under false pretences in a company run by shonks I’m assessing all my legal options( and I probably have the resources to peruse legal options). I sue fidelity, becuase they have the money and probably settle to avoid the embarrassment of explaining how they were duped. It’s up to fidelity if they sue GSW in return.
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