Who’s winning here?

See if this sounds familiar – a company beset by financial issues created largely by mismanagement needs capital desperately cannot find a buyer for the company so in a last desperate attempt to raise the money they need decides to destroy shareholder value by diluting the sucker. For reasons no reasonable person can understand investors pony up more money falsely believing that this management team that created the mess in the first place deserves a second chance. And it goes without saying that this management team which screwed things up in the first place has been very well compensated during their . . .

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