RE:RE:RE:RE:Court Documents: Armistice Capital LLC (Class Action Suit)I cannot answer as to why no one else answers you on this stock. You have to ask them.
With regards to information. I get it from doing my due diligence through the internet.
The information is not difficult to find. CSE Exchange is where I found Armisctice Capital LLC selling.
With regards class action suit, I simply put words Lawsuits Armistice Capital and, the court case came up.
You will ask me as to why I put lawsuits. Because I am conflicted as to why Armistice Capital LLC would first finance PODA with $ 15 miilion at $ 2 per share and, then turn around and dump their other shares on the open market, even as low at 41 cents.
Their actions are contradictory.
So what could it be:
(a) Their hedge fund suffered significant losses and, client redemptions which required selling of shares
(b) They wanted to sell because they want to remain under 9.99% ownership of Poda to exercise warrants
(c) They expect loss is class action suit which may demand them to pay hundreds of millions of dollars and,
are moving funds away to safer places.
(d) They could be using IVAR playbook which is to sacrifice shares, in this case 7.2 million shares
over a period of a few months in order to depress prices and, then load up on double the quantity in the
near future.
(e) They could be simply be taking profits on their shares as they bought in very low.
(f) Who knows, what else?
What I do know is that Armistice Capital LLC has shown that they are greedy and want huge profits. They made $ 200 million in 2 days. Therefore any notion that they are long term investors wanting a stable appreciation is out the window. What they want are astronaumical returns in a short period of time.
Therefore they must see that there is a MASSIVE PLAY to be done in 2022. They did not give Poda $15 million for free. They want a 20x return, like $ 300 million and, in 18 months max. So something in the range of $ 36 per share.
In a way I do not like Armistice Capital LLC as they kind of represent what is wrong in this world with greed but on the other hand I have to love them because their involvement is sure to multiply the stock price 20x from the $ 2 per share level.
All I can say to LONG TERM HOLDERS, ignore the noise, load up, and year 2022 is going to be MONUMENTAL.
I am hoping like an AMC rally or, a WEED rally or, a GME rally or, a Tesla rally, heck any rally of that type will do for me.
Good Luck to Everyone
My personal opinion,