iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,570 Blog Posts

Credit Suisse Does it Again — $DGAZF PLAYAS XIV’d

I think it’s important, for the sake of posterity, to document this shit when it happens. If you recall or not, Credit Suisse once FUCKED holders of XIV in a most heinous fashion. They had plans to delist and cancel DGAZ, their retarded natural gas ETN, but then morons got a hold of it and RAN IT UP TO $25,000!

So Credit Suisse halted it and will zero it the fuck out now. Any questions?

Its market cap is $4.5b with assets just about $40m. The price of $15,000 is a tad above its NAV of $124.

In a world of Robinhood traders gone mad, one should expect this sort of stuff on a regular basis — until the decks are cleared and their heads mounted on pikes.

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2 comments

  1. the_wolf

    Fuck them

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  2. soupbone

    They try for the money and fail then disappear back home. Again.

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