Apr. 09, 2021
There are hedgefunds (Citadel is one) who pick a small company to force into bankruptcy by selling their stocks even though they don't own the stock. It's called "shorting the stock" and they keep on shorting to force prices down even when there are no more of that company's stocks left on the planet to sell. Their goal is to push the price of the stock to $0 so they can buy back at no cost and keep all the money they made selling what they didn't even own. It causes unnatural pressure on the entire stock market and right now there is a pressure cooker situation because of it. If the SEC approves this then the hedge funds go bankrupt (good!!!!) and the small businesses survive. And hopefully the pressure will be released off of the market. Carl Musetti