Kinda wonky comment, but I view this as a symptom of mark-to-market accounting.
Where if a company holds Q shares of a company, the valuation on their books is P×Q where P is the last-traded price. So if you pump P, you boost your entire financial position, but it's an illusion because you could never liquidate your entire position at price P.
Kinda wonky comment, but I view this as a symptom of mark-to-market accounting.
Where if a company holds Q shares of a company, the valuation on their books is P×Q where P is the last-traded price. So if you pump P, you boost your entire financial position, but it's an illusion because you could never liquidate your entire position at price P.