When your business model is to drive businesses to bankruptcy but it causes you to go "belly up" - it's your shitty business model that is the problem. Capitalism at its finest - shit businesses with shit business models need to fail and be allowed to fail. No bail outs.
Please see the discussion already started here:
I thought he was one of the finest investors of our generation?
He is, turns out the rest are even shittier
You mean return IOUs
How much capital is left?
What capital
How many shorts uncovered?..
Couple of marbles and a tatty bit of string.
The “M” in Melvin.
It’s only Melvin now. There’s no capital.
Gabe has been fuk since last January. The past year+ has been him faking the funk.
When your business model is to drive businesses to bankruptcy but it causes you to go "belly up" - it's your shitty business model that is the problem. Capitalism at its finest - shit businesses with shit business models need to fail and be allowed to fail. No bail outs.
Always has been.
Does this start a chain of events because if one unwinds shorts and the price goes up it gets a nasty fast for others in short position right?
remember that he closed before January..
How do they even have cash to return to investors? Don't they have shorts that never covered?
Yes somone explain this please!
There was a recent post about a massive withdrawal by Melvin out of the Cayman Islands. I'll see if I can find it.
Source:
I'm gonna return cash to investors!
Gabe has been getting fuked since the sneeze, clearly one of the worst investors of our generation
Gabe got fuk'd a year and a half ago. The other hedgies are just done with him now
dear god, it's about damn time
Wow, is this real? Is there a source other than this tweet?
Somebody gonna get that junky printer as repayment.
bye Felicia
Heh, yeah right...how much cash?
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