Can we stop calling them “capital markets”? This SEC decision puts the last nail in the coffin of the historical purpose of public markets: a place where investors channel capital to companies that need capital. It’s all just a casino now. Common stock is just a chip.https://twitter.com/stacey_cunning/status/1298768176101109763 …
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Sorry, but you’re missing the point. There’s no “dumping” of shares by insiders. They maintain the control shares and issue a bullshit class of common shares in a private offering to themselves, which they then (partially) float to the public. It’s a liquidity scheme. Period.
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Got it. Thanks for clarifying. Even worse than I thought...
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