The company's market capitalization has now fallen below the amount of cash it holds. This means that the entire value of the company, as represented by its stock, is currently valued less than the cash it possesses. .........
RE: RNS ! Ameriprise Financial, Inc. holds 5.186 %14 Nov 2024 12:50
They are good in what they do and they tend to pick winners , look at their share price trend over the past 5 years , Their market cap increased 450% !!
In my view, the short sellers were given an opportunity to cover their positions at a very low share price and were also able to acquire additional placement shares to fuel further shorting. The placement caused more harm than benefit to shareholders.