All I can say is what a bunch of fools. A stock that sells nothing but an image. An image of an orange demented lump that smells like shit! What the fuck did they expect?
Who you think buys up all that stock when they drive the prices down to practically nothing? They do, just like Tesla does. When it almost at the bottom. Ain’t nowhere for it to go but ⬆️
It's all just paper, pure dilution of the other shareholders, not that different from the Trump fiasco. You can issue more stock, but the denominator goes up. It's insanity, but it's the Rat.
I think if you use 529 funds for something other than college-related you are hit with a big tax. It would be like taking from your 401k/403b before you are eligible. But, yeah, I wouldn’t put it past them to do it if they actually saved anything for their kids college.