So my retirement fund manager apparently used my earnings to provide cash for executives to dilute us all.
Around and during 2021, the pitch was “this is a great company doing great things, #1 or #2 game engine company out there”. Ok, do it.
Now I check up on things and we've got a stock here that plummeted from $150-$180 a share down to $30. I don't pay much attention to my long term holdings, but with the government devaluing the dollar, central bankers wiping down the markets, and policy makers putting on theatrics about debt ceilings and further rattling everyone, I needed to review and see where we stood… and I'm just growing old, tired, and broken from working way, way, way too much.
As far as I can tell, executives took a massive stinky dump on everyone else. Their workers are still producing a great product, and they're still one of the top game engines out there, and they SEEMINGLY are crossing the line into profitability, but yet the stock price, our common shares, 401K holders, pension holders, we're all in the wake of their dump.
Just one top executive, not even counting them all, was dumping hundreds of thousands of shares per month that were granted to him.
My question is this. Is there any hope of a recovery? We've got a much larger problem than just one company. This sort of mess is rampant now. WTF does one guy need with $420,000,000. I'd love to see companies, fund managers, and bankers quit shitting on people, but this one… I'd like to see some recovery here for sure. Any chance at all or will they drive it off a cliff? Err, another cliff.
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