Two hedge funds, London-based TT International and Whitebox Advisers, from Minneapolis – made up the bulk of the shorts, together holding around 7 percent, according to ShortTracker data.share price, which plunged 85 percent in the six months before Sunday’s collapse.
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They saw it coming, just like the bosses at TC who creamed off bonuses and continued taking bookings knowing the inevitable would eventually happen.
Good on them. They made a bet. They won. ThTs what their business is