Not looking good for BH.
What will happen next ? Will they slowly start selling into the market ?
I suspect the market would accept a certain amount of shares but of course it may cause others to sell too bringing the price down.
I guess he could be on the lookout for block buyers and only sell when a decent sized buyer is willing.
Of course, he could do nothing & hold on waiting for higher prices.
Im just not sure how much upside it has from here.
I think he HAS been selling, daily, to bring the price down and get people to accept his BS, 'Borrow and Pay' program. It makes no sense to borrow funds to pay a 'special $20.00 dividend.' Biglari is an axxhole.