Many of the MAGAt crowd have said they view buying it as a "campaign contribution". The problem is. . . none of this goes to his campaign -- and the savvy sellers are routing the ill-informed buyers, now. The stock is down almost 42 percent in just a handful of NASDAQ trading sessions. This means Tangerine has seen about $1 billion evaporate, of his supposed $4.1 billion stake -- in the money loser.
And rest assured -- this wretched pile of financial mismanagement. . . has much further to fall.
Hilarious -- with a pure "cronies board" (including the fail-son, as well!) to boot -- don't expect that they will right the ship.
[I doubt any of them even know what to do -- that's assuming he's willing to let them have the freedom to do something sensible, for the stock.]
In sum, he couldn't make me happier, if he tried. See 'ya at $2, boys.
नमस्ते
