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Topic | Stock Topic 37 |
Lopen 09/22/22 12:38:39 PM #320: | The root of the conflict at BBIG has been Colucci (corrupt board member who made himself CEO through likely illegal means) and Philip Jones (corrupt CFO who has been trying to embezzle company funds by paying it into companies providing no value to BBIG (AIPros which appears to be a shell company that does nothing-- claims it does the same kind of stuff AdRizer was doing but it was revealed they were just trying to steal AdRizer trade secrets, and IHeartRadio which Colucci's wife works at-- probably not actually going to IHeartRadio) BBIG developments in the past few weeks
Right now the objectives are: Get Colucci out Get Independent Board members in Get earnings Get merger I believe the resolution of the court case will accomplish the first two items, and the merger/earnings will occur shortly after the court case. Bear case is of course that the court case stalls long enough that the company has Nasdaq compliance issues, but the judge seems to be prioritizing moving things along quickly first and foremost so it's hard to imagine this lasting much longer. I do not think bankruptcy is a real risk here-- Zash has solid financials and this ticker will be a gold mine for them if they get that merger so I think they'll keep BBIG afloat-- I also think BBIG's financial situation is being exaggerated by Colucci to help generate FUD as there is a short hedge fund in a bad place here that has connections with Colucci and some other guy on the board whose name I forget as per the whistleblower testimony from Eric Noble I've been positioning any calls with longer durations and have been going harder on shares, so I'm pretty ok with waiting this out. Every month I accumulate more. I do also have some Intel 2025 30c. Hard to not see that being an easy 5 bagger+ when the stock market stabilizes and Intel's chip manufacturing kicks up in 2024 --- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard! |
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