Quote:
Originally Posted by Internet Guy
"Shrekli is expected to be charged today for illegally using assets from Retrophin to pay off debts after his hedge fund lost millions of dollars, the source said."
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Well no company should operate like that if that is what happened.
All he had to do was get the Retrophin board to agree a dividend issuance (which means all shareholders get a share and him one of the largest) from profits if any and then use that personal money to repay his own personal debts, which would have reduced his tax bill too. Problem solved or not?
I guess the reason was because there were no profits, since so many of these biotech operate at a loss.