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Discussion: Daily Discussion Thread for May 12, 2025
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Yeah, 25% insider dilution anytime. Meaning insiders can pug pull retail by having ton of float enter the market anytime. Ticking time bomb. The condition was trading $12+ for 20 days which has been achieved. They just need to do a filing.
So I'd personally only buy the stock (until $18+ for 1 week) once they complete that filing and dilution is finished.
Next clause is $18+ for 12 trading days I think? You need to double check that exact timeframe. So if it ever hits $18+ for a week, make sure to sell, otherwise founder dilution clause will activate.
Once that activates and the earlier filing is completed, there will be less dilution and it might start going up again. It's this same structure why all SPACs get dumped 90% for like 3 years before recovering like SOFI.