Re:Bill Hwang of Archegos Capital lost $20B in two days
by chii on Wednesday May 12, 2021 @11:20PM
(#27138044)
> VIAC decided to take advantage of the high share price by doing a share offering
this is actually what i'd expect a company to do, if their share price grew unexpectedly and "unreasonably". The fact that Archegos didn't anticipate this (which directly led to their demise) is a sign of incompetence imho.
this is actually what i'd expect a company to do, if their share price grew unexpectedly and "unreasonably". The fact that Archegos didn't anticipate this (which directly led to their demise) is a sign of incompetence imho.