To sum up:
Fly-dude is defending companies that perpetually destroy capital. He is defending them so that they can continue to foist worthless paper into the market.
Therein lies the crime: that OSTK and its ilk are still listed, and still poised to issue ever more shares.
It should be illegal, but laws are slow to adapt. Not so long ago OSTK would never have been allowed to list, given it doesn't have a record, or even a prospect, of profitability.
But Fly will try to convolute his argument and point fingers in order to avoid the essential truth - that short-selling the very companies he defends, is a national service, a preservation of scarce capital.
Fly-dude is defending companies that perpetually destroy capital. He is defending them so that they can continue to foist worthless paper into the market.
Therein lies the crime: that OSTK and its ilk are still listed, and still poised to issue ever more shares.
It should be illegal, but laws are slow to adapt. Not so long ago OSTK would never have been allowed to list, given it doesn't have a record, or even a prospect, of profitability.
But Fly will try to convolute his argument and point fingers in order to avoid the essential truth - that short-selling the very companies he defends, is a national service, a preservation of scarce capital.