Who is going to give them money to refinance the debt? No one is; so equity is only solution therefore to raise money the price will have to be 80% of market to absorb risk, you don't have to be a business major to figure this one out
As JIm Mora said "Ecosytem?, are you kidding me? an ecosystem? at this valuation?"
I like to hear her thoughts
she went down faster than the market
exclude california since no hope there anyway
Citron's claims. There are way more longs than shorts so the BEST way to beat a short is to have the stock go up
even a broken clock is correct twice a day so we shall see what happens
throw it against the wall and see if it sticks, when it works you are a hero, when it doesn't, you chalk it up to it will happen someday
Bottom line is if company is "real", we'll know soon enough when earning releases are announced
My take, Cramer plays both sides and takes credit no matter what happens to market, Gartman flip flops way too much which then begs the question -- why listen?
Then no FD violation
Investigation no doubt
Any lawyers out there?
Doesn't matter that cramer acted on it or not,
Less would postive not more