The Stock DumpI just read West Coast Liggers post where he is now going to buy the stock in the "low" teens, a distinct reduction from "the higher teens"he talked about for last few months, and that seemed ominous for future of stock.
I started to put a few quick figures together and, from the very recent Sarasota judge's decision, two of the co-founders will be able to sell their 18 million shares on the 20th Sept.
....to that add the 37 million recently issued unrestricted shares...18 +37=55.
Add the other co-founders say 20 million ea. (although I think its much larger) ....55 +40=95.
Add Trumps 150+.......so.....95+150.=245. Million
Question......who do they sell it to?????
I often take a look at time and sales amounts, over many months and the number of shares traded by a wide margin is..1. That is a one share.transaction. I believe there was tens of millions of MAGA investors who bought originally Some of course bought a 100 sh and a few from trade records 1000 but most seemed to be 1..
I think the insiders will not trust each other to feed a few shares into the market now and then, for on the 20th there will be sell orders for tens of millions of shares. The insiders will want to get some cash out as they undoubtedly have never had such a lucrative investment before, just payiny a fraction of a cent per share.
None of us will ever see such a debacle again. I wish I could sell tickets and popcorn for this event, as I would make a killing.