Just called out The Boss Monkey at $22.65K mcap. My recent call hit 3x! Follow me on https://t.co/M5tbGr5cjB app to get instant alerts: https://t.co/pKwJeMpsWV
THIS SHOULD BE ILLEGAL.
A rental car company with $25 billion in debt just exploded 600% in a month because two investors own over 100% of the stock.
Avis Budget Group $CAR hit a record high of $608.80 on Monday, surging 23% in a single day.
Two hedge funds, SRS Investment and Pentwater Capital, control 71% of the shares but when including their cash-settled equity swaps, their combined holding exceeds the entire outstanding supply.
This is a company that reported a $995 million net loss last year and has been struggling under a massive debt load for months.
One technical ownership glitch changed everything.
The supply mismatch is so extreme that short sellers are trapped in a mathematical impossibility.
With zero shares left to borrow and the float effectively non existent, the market just gave a debt heavy rental company a 6x gain simply because the math broke.
Bruce the kea parrot is the first disabled animal to be recorded achieving top status within a group without support from an able-bodied ally.
https://t.co/UtVuO8UVYK