Maybe someone wants to run it into the ground. If you can crash a company bad enough, let it go into bankruptcy, the shareholders get basically nothing, the company is sold off for a song to insider investors and then taken private. THEN they come up with a plan to make money with a very low investment in the company.
I have owned more than one small company stock that ended that way. Another company that raiders tried to do something similar (but different because it was a profitable company) but fortunately the board was comprised of principled people and kept it from happening.
Weird stuff goes on with public owned common stocks. The companies are not always managed for the benefit of the shareholders like they are supposed to be.
Last edited by snrub; 07/16/17 11:41 PM.
