This is the dumbest shit I've seen in awhile FOLLOWUP [DD]
u/Virtual_Seaweed7130 ·
Reddit — r/wallstreetbets
· March 26, 2026 at 23:12
· ⬆ 21 pts
· 💬 24 comments
| View on Reddit ↗
AI Summary
Summary
The post is a follow-up analysis on a stock ($VCX, likely a real estate fund/company) alleging a "grift" by its sponsor, Fundrise.
The author's thesis: $VCX is egregiously overvalued (high NAV multiple) due to a low-float structure and promotional tactics. The sponsor is now dumping its own shares onto trapped retail investors, confirming the scheme and setting up for a major price collapse.
Quality assessment: A mix of well-researched DD and high-conviction speculation. The author cites specific external sources (Citron report, SEC filing) and provides a coherent narrative, but the language and extreme price target are characteristic of WSB sentiment.
Score21
Comments24
Upvote %84%
▶ Full Post Text
Hello all,
A lot has happened in the last two days since my post.
No, I did not close my position, I am not a paper handed bitch.
1) **Citron research has advertised their short position and confirmed my thesis**. The NAV multiple is retarded. They also point out some sketchy promotional behavior from Fundrise, the fund owners.
https://preview.redd.it/fu5ls8g41hrg1.png?width=1083&format=png&auto=webp&s=c367c0ca2d00581351b9b5c7f410a86590d9a5fe
2) **Fundrise is now dumping on retail.** A few hours ago this released from the SEC:
[https://www.sec.gov/Archives/edgar/data/1867090/000197415826000028/xsl144X01/primary\_doc.xml](https://www.sec.gov/Archives/edgar/data/1867090/000197415826000028/xsl144X01/primary_doc.xml)
On the day of the short report, while 90% of investors are locked up and cannot sell, **Fundrise dumped $23M of $VCX.**
https://preview.redd.it/xecmazce1hrg1.png?width=2511&format=png&auto=webp&s=85a63315cd6a71dfa9a740a753eb00931e92b2e2
This is a grift in plain sight, and this sale confirms it. For anyone that can't see how this works for Fundrise:
Step 1) List your company with 10% float
Step 2) Advertise to retail, get the momentum ball rolling for massive buying disconnected from the fundamentals
Step 3) Low float + high volume = squeeze, leads to inflated prices and ridiculous NAV multiples, but nobody can sell! Their shares are restricted for 6 months.
Step 4) ????
Step 4) Profit. Legally dump your unrestricted shares in the flagship fund onto retail on the open market while prices are inflated and float is low.
Again, this remains a clear short. I am still holding my position. Short borrow fee spiked to \~400%, but this should be temporary until the inevitable 90% collapse. You pay about \~1% a day to short.
https://preview.redd.it/0i2rn2q32hrg1.png?width=570&format=png&auto=webp&s=6604fd0c55bd8222aa8be66780f39c17155faf3c
Last thread: [https://www.reddit.com/r/wallstreetbets/comments/1s2w3nf/this\_is\_the\_dumbest\_shit\_ive\_seen\_in\_awhile\_dd/](https://www.reddit.com/r/wallstreetbets/comments/1s2w3nf/this_is_the_dumbest_shit_ive_seen_in_awhile_dd/)
Citron Research has published a short report on $VCX, and the sponsor (Fundrise) filed to sell $23M of shares on the same day a critical report dropped, while most investors are locked up. This indicates the sponsor is exploiting a manufactured low-float, high-momentum situation to offload shares at inflated prices before the fundamental overvaluation corrects. The author views this as a clear short opportunity, expecting a ~90% collapse as the grift unravels, despite currently high short borrow fees. Extremely high borrow fee (~400% annualized, ~1% daily) could make holding the short position costly. A sustained short squeeze remains possible if buying pressure continues. The collapse thesis may take longer to materialize than expected.
This Reddit post, published March 26, 2026,
features u/Virtual_Seaweed7130
discussing VCX.
1 trade idea extracted by AI with direction and confidence scoring.