Apr. 3 at 10:28 PM
$LEXX $SINT
Keep singing the same old tune, Boston. No one’s buying it.
You’re claiming Bunka is 'front-running' by gifting shares to adjust his cost basis? That’s legally impossible. The Supreme Court settled this in Commissioner v. Fink. They ruled that surrendering shares is a 'capital contribution,' not a deductible loss. It doesn't give him a tax shield or a 'get out of jail free' card for his remaining position.
In fact, he loses money today to benefit the company’s structure. Why would a Chairman commit financial suicide by giving away
$100K+ in equity if he thought a crash was coming? He wouldn’t. He’d be dumping into the bid.
Gifting to the treasury is a 'Cap Table Cleanup' to grease the wheels for a buyer. Period. 🤡
I have this clown LOSTON blocked and he’s still signing this manipulation crap.
That short position must be hurting 🥵