31 Dec '15, 6pm
Stir in the CHIPS market : Non AEIOUV domains dropped en masse by Chinese investor
I bet he was paid $7 million to do it. Successful business owners of any kind don’t intentionally set money on fire and announce their intent and their reasoning to the world. He could with no work involved hire someone to list them at auction or sell the whole portfolio to a larger investor. The whole thing doesn’t sound right. The Mann Example is apples to oranges, he at least gave them away and I doubt the same liquidity existed in Mann’s portfolio. This is equivalent to a farmer dumping all his corn on the side of the road with a sign “free corn” then buying all the other farmers corn when the price falls through the floor, because everyone just got a weeks worth of free corn. Then he can double the price of all the corn because he controls the inventory and the price.