• seestray@lemmy.ca
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    9 hours ago

    That’s the point of a bunch of these hedge funds, they are strip miners they aren’t in it to run the business and never were, it’s an expected outcome that the remainder fails and someone else (the suppliers/lenders) are left holding the bag.

    • BeBopALouie@lemmy.ca
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      4 hours ago

      When you get a chance look up “cellar boxing”. Hedge funds have been doing it for a very very long time. Sears, AMC, Bed Bath & Beyond and a whole lot more.