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by root-parent
22 hours ago
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Buyers know it’s overpriced" would excuse every scammer on Earth (and Mars...) Every pump scheme works because buyers think they can exit before the collapse. The core is insiders and banks converting asymmetric information and a sci-fi narrative control into exit liquidity. GameStop was a public market mania. In an IPO insiders and banks package the story, control disclosure, set allocation, collect fees, and dump risk onto later buyers. Calling this voluntary overpayment ignores the mechanism of exit liquidity. |
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