This also means that all contracts are unenforceable under law. Companies cannot sell stocks, options, futures or let investors borrow the underlying shares of a criminal enterprise...ponzi scheme or pyramid scheme.
This whole case is nonsense anyway. Prudent investors cannot make money on ponzi or pyramid schemes or any other criminal enterprises in the legal capital markets. When they have knowledge of a fraud, they become a part of the same conspiracy to commit fraud if they to gain from it. They cannot try to gain from it by shorting the shares.
Overnight, exactly.He did, He called it the "POP&DROP". Blow up quick, fall even quicker. No company has ever come back from both an Einhorn and Ackman attack. What are these two missing. My guess, nothing. The CEO says its just a "misunderstanding". Then why did he sell $140milly in stock options. Who's more in the "know" than him. Nobody. The big money sells, I'm selling.