Bought some shares today, and am new here, but have been following the pps of PCS for a while. So just wondering if Sprint could have leaked the information about not bidding for PCS, just to get pps down?
Is Sprint totally off the table now for bidding for PCS? Or is it still a possibility? Just looking for some thoughts on this.
But Sprint did the same thing to CLWR, I think it was a year or so ago. Hesse made the comment they would be better off in CLWR went bankrupt. Overnight, CLWR's shares plunged, and then Sprint went and scooped them up for more controlling stake in CLWR.
I think it was just another case of price manipulation. The SEC couldn't be bothered. I have no idea why it even exists, other than to house and feed multitudes of overpaid bureaucrats in Northern Virginia.