Dilute existing shareholders, have huge block of shares sold, get called overvalued, see stock double, repeat.
Their first stock market toy is being taken away, and they aren’t getting anything for it.
Neiman Marcus’ Geoffroy van Raemsdonck is feeling himself a little too hard.
And the lucky buyers thereof are only down about 15% on them—so far.
Behold, the most amazing regulatory filing in the history of stupid capitalism.