- Joined
- Apr 16, 2019
That was one particular investor, I posted their open letter a few pages back if you're interested. As I pointed out at the time it's kind of a nothingburger because that investor owns <1% of Ubi's stock and by their own admission have only owned that for a few weeks. When some of the the bigger/longer term investors start saying shit it'll mean something.Some of the shareholders apparently do want the company to go private, so i've heard.
That was one of the theories the angry investor posited, while funny is massively unlikely. It's likely that a significant portion of the Guillemot's wealth comes from/is tied up in the valuation of the stock, meaning as it goes down so does their purchasing power. Even then assuming it worked and they drove down the prices to buy more. Congratulations you now own a worthless company and are gambling you can somehow turn it around despite having cratered your rep with both your customers and the kind of people whose support you'll need to keep going.I've heard a theory that Guillemont has been deliberately tanking the stock so his family can buy up more of it for pennies but it'd be hilarious if the chinks ended up cucking him out of that scheme.