When Losing a Lot of Money is Better than Losing a Little When the Black-Scholes Options Pricing is Inaccurate

When Management Implies that Their Stock is Undervalued

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Managements that say or imply during a public offering that their stock is undervalued are usually being economical with the truth or uneconomical with their existing shareholders' money: Owners unfairly lose if their managers deliberately sell assets for 80 cents that in fact are worth $1.
Tags: IPOs