Exactly, spot on. This whole exercise is for the TOP 20 (collectively called the metaphoric Mr Invisible Hand) to collect shares.
Very shrewd operators IMO. I dare say (I can’t prove it) , I suspect, again, don’t hold me to it, they engaged someone to write put options and the downward move was a form of delta hedging by the Writers of the put options, culminating in the lifting of the escrow from this announcement. They had all planned it. (Investment banking types will know what I am talking about).
But still, it’s not nice what they have done to retailers because they have forced them to liquidate. To avoid doubt, I was caught with this downturn as well but I should have seen it coming. I have doubled my holdings (too early) in this down run but man, and it hurts. I should have waited. Oh well, we live and learn. The one with the strongest hand in the Poker game always win.
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