This is the usual fleecing of the retail investors by the institutional sponsors.
The only people surprised are the retail investors.
ikidd
joined 4 months ago
I mean, you have 10X the scrutineers as well. It all scales.
The objections I've heard to it make as much sense as saying you can't scale a high school student election to the size of Canada federal elections. Well, yes you can, obviously.
Well, and 5% the day before, and likely another 10% by the time it shakes out.
Morningstar puts the price at $62/share, so that's a possibility there.