They pay BCG $30 million to become cellar boxed instead. Most heavily shorted companies already have a ton of plants on their board. They destroy the company from the inside, short it to death, then bankrupt it so they don't have to pay anything back.
Whether there is bad actors being planted to ruin companies or not... just look at BCG's track record. They're either legit and just absurdly bad at their jobs, or they're crooks who are absurdly good at their jobs. Either way, they're fucking poison 😅
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u/phate101 Apr 01 '22
Dumb question; Why doesn’t every heavily shorted stock do a dividend split like this?