AIG sold 80 million shares at $21 per share. It is now selling below $20 per share and dropping rapidly. What is the end game?
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The stock never got above the price when the original Pete was here…..let that sink in, even pre - Covid when all stocks were hitting all time highs etc.
Have to keep up the grift until the executive leadership changes and they bring in a new leadership team so that the cycle can continue.
AIG common stock is nearing a 52 week low as well. The billions in stock buy backs only prop up the stock long enough for stakeholders to cash out. Based on the SEC filings, another member of the executive team just cashed out their stock options. I wonder if Lucy is getting ready to jump ship after dumping her shares?
It is all a ponzi scheme. Buy back shares with AIG money, executives sell stock, buy back shares with AIG money, executives sell stock. Then, executive resigns from AIG. Rinse and repeat with new executives. Meanwhile the company is in nosedive mode.