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.
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.
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.
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.