RE:RE:RE:RE:RE:RE:fowlerpower joseI like the note at 44min - "nobody is going to grant equity into a falling knife" - as applicable to supreme. Interesting stuff - continues to speak of incentives and motivations, and basic human behaviour.
Best practices would have been to issue the equity after Q4 results - but they waited until end of december to issue RSU and Options - and a whack of it all at the same time.
So definitely some under the radar time shifting - which I believe Mike was saying should put you on alert as to a possible spring load event - or at least make you curious.
I think its possible that they are rewarding themselves at this juncture for having hit those financial milestones (before the market even knows)
or
getting some shares before some event - as in buyout or merger at premium - where they have little control to stop it if MM wants or agress to it.
or
Like you said, ATM is done/MM done selling/tax loss selling done, and they see this as the bottom.
Either way - its definitely a bullish signal.
Method wrote: With the quality of the analysis and the cost of borrow, I sincerely doubt any of the posters are actually short. Most likely they just enjoy trolling and when a stock is down 90%+ there is a lot of pain to feed off. They aren't going anywhere.
That being said, here is a good interview with @nongaap
https://acquirersmultiple.com/2020/07/ep-76-the-acquirers-podcast-mike-puangmalai-dark-arts-corporate-governance-activism-and-tech-with-nongaap/
johnale wrote: the blinders is that everyones analysis is laced with bias depending on their position in the company.
Im long so im biased bullish, I see the growth potential in the sector, I see a strong CEO who understands the CPG buisness and how to be profitable. I see a CEO who can execute.
I see a company with some competative advantages that gives them a fighting chance.
You are short, you see the negatives, and you magnify them. You ignore the positives. You ignore that fundamentally the company is already trading at a huge discount because of that past and present risk and negatives.
Your incentives are to lace the board with negative comments to support your position. And - Vice versa for us.
Speaking of incentives - and corporate governance - there has been a pretty large bullish shift with supreme. They really cleaned up the board, and just issued some pretty substantial RSU and Options all at the same time.
https://nongaap.substack.com/p/the-vaxart-of-well-timed-insider
pretty interesting article on VAxart and what happend after those were issued. not saying that will happen to supreme - but the timing seems interesting for supreme. Definitely a bullish signal.