SK Hynix Slashes CapEX After "Unprecedented" Plunge In Chip Demand
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Network 1 Financial Securities Inc.has underwritten six US microcap IPOs this year that surged by an average 2,190% on their first day of trading.
Of Network 1’s 49 deals for stocks that are still trading since 1995, 17 are trading 80% or more below their offer price.
Network 1 Financial Securities focuses on micro-cap companies in China and Hong Kong, where financial data is opaque.
The stock’s sudden decline sparked a $19bn wipeout in market value.