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

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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."

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