04-12-2024, 12:50 AM
600,000 retail investors are all losing money right now.
The story is that many of the other shareholders are dumping the stock.
His Orangeness has ~5 more months of lock out before he can directly sell.
I still think he's leveraged his equity to pay his legal fees and fines in other cases.
At this point, it's lost 50% value in 30 days.
Halflife per month.
At this rate, it will half in value 5 more times, or be down to about 0.015 peak value. Might end at around $100M, with the leading shareholder owning a little more than half.
The story is that many of the other shareholders are dumping the stock.
His Orangeness has ~5 more months of lock out before he can directly sell.
I still think he's leveraged his equity to pay his legal fees and fines in other cases.
At this point, it's lost 50% value in 30 days.
Halflife per month.
At this rate, it will half in value 5 more times, or be down to about 0.015 peak value. Might end at around $100M, with the leading shareholder owning a little more than half.