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by bookofjoe
1150 days ago
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>I assume Bed Bath did all the paperwork that is necessary (like calling out risks, that the raised capital will go to creditors first, etc) for such a stock sale. I'm not clear on why your next sentence is: >But it is clear they were doing it out of bad-faith to the new investors. Where is the "bad-faith" in caveat emptor? |
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Every single filing with the SEC contains language that is basically 'holy shit we could go bankrupt tomorrow because billions of reasons' - that's different from "we know we're going down, but we can fleece people on the way down" - though it will be hard to prove criminally in a court for BBB and GameStop, likely.