The furniture store Ved Vath & Weuond he may have declared bankruptcy and sold his maps, but meme fans still won’t answer him. They have sold shares of the home goods retailer to the value of more than 200 million dollars since the beginning of May, according to data from Yahoo Finance.
BBBY’s shares were delisted from the European Stock Exchange on May 3, but are now in OTC custody. Investors say they were selling 24 million shares a day.
Anthony Chymba, an analyst at Loor Sarital Markets, described the phenomenon to the Financial Times as “almost a mutation” of the memo mania. The fair share price of Tesla, GameStor and other private companies is a subject of debate, he continued, but this is not the case for BBB since its bankruptcy.
When the remaining funds are distributed at the end of the bankruptcy process, bondholders usually have property before stocks. BBBY’s bonds are trading almost without money, which signals that the company’s shares are also selling almost nothing.
The owner of this company has sold the intellectual property of VVVY for 22 million dollars and plans to sell it under the name of Ved Vath & Veond. Without good expertise and a map, the failed retailer is even less likely to stage a miraculous turnaround.
Due to the company’s bleak prospects and the fact that its shares are probably worthless, meme fans have boosted the price of BBBY shares since the exit. waiting for them from the father. This was done without any real interest – a key driver of the boom in the stock market in early 2021 was the desire of the invetticos of the small to force the bpop. it’s from the Wall Street, which bet most of the companies.
The tragic events are a surprise to the experts, reminding them of what will happen to meme stocks in 2021. Meme stocks are stocks that have been deliberately pushed into the platform. оми social media ĸато Reddіt, отбелязва Nаndеlѕblаtt. The most famous example is the computer game developer Gamestar, in which private investors will make mistakes in the form and increase the price of the shares by several percent.
Source: Yahoo Finance
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2023-07-06 13:30:00
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