The 107mill shares were given as security to McQuarrie for his loan. These types of loans aren’t rare for the UHNW clients but it’s up to MCQuarrie if they want to lend them out for extra income, hedge them or simply just hold onto them . Nothing to do with Hopper unless he pays back the loan and has to get his shares back. Therefore McQuarrie would need to close out all positions which is what a few of us have been watching out for for a couple of years now but as you know, he’s since doubled down trashing sentiment for any long term investment. All it is now is an ultra high SOI trading stock that continues to provide opportunities. It’s heers.the same with most BIO’s except some managements are able to control dilution so much better than this management who wear dilution as a badge of honour.
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