to be feeding off Utah tied companies - Nikola, WAGS Capital, PACS, others? Saw an earlier thread and then did a quick search and this thread popped up. Interesting to read CB responses in light of the Hindenburg report ]

A few lines from the linked report.
“They weaponized the money… it’s super obvious that they just hired young guys that had no experience in the business that didn’t even understand the risk or the regulations. And they weaponized the bros that did summer sales and just got out of the way.”

PACS’ two co-founders, Jason Murray and Mark Hancock, paid themselves $194.5 million in dividends prior to the April 2024 IPO and have sold $656.5 million in stock since. They have also pledged a total of 19 million shares for margin loans, collectively cashing out an estimated $1 billion since the beginning of COVID.

Co-founder Jason Murray claimed in a March interview that money isn’t a “big factor” in his life, saying: “… the best way I feel like I can spend my money is to give it away, honestly.”

Since COVID, Murray and Hancock have embarked on a spending spree that has included purchasing 2 private jets, luxury and commercial real estate, and sponsorships of Utah’s most popular sports teams, despite PACS not operating facilities in the state.