3min chapter

Wall Street Unplugged - What's Really Moving These Markets cover image

Porter Stansberry: Prepare for global chaos

Wall Street Unplugged - What's Really Moving These Markets

CHAPTER

Is $150 Million to Suee Judgment?

"We had what's called a failed SPAC where the trust fund that was supposed to pay us $400 million plus to get control of in 20% of the equity," he says. "My company spent three years and $48 million to raise $113 million, which as you know, we didn't need" The board is now captured by these outside investors who paid nothing for the stock,Nothing,. And they have done something like $20 million with the share buybacks before the insiders were unlocked."

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode