GREY:NEVDQ - Post by User
Post by
Notgnuon Oct 28, 2021 3:57pm
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Post# 34060500
Castlelake still selling out ??? >>>
Castlelake still selling out ??? >>> Just a guess but big institutions, particularly ones that are on the ropes,often do not exercise a lot of discretion when selling small venture positions.
Their director left NCU (March 3 news) and it looks like CL's total value of assets has dropped from $30 billion to $20 billion since the pandemic hit (I wrote about this in the past a few times.)
If they are still selling into the market it could go on for another few weeks ... hard to tell.
Anyway, it could be part of the recent downside pressure we have had that is in contradiction to the incremental progress toward production.
Cheers,
Notgnu