I often think the same thing old sport reverse keyboard.
If a fund/competitor/potential substantial holder wanted to get a meaningful position - then the supply/demand issue is a real head ache for them.
I’d estimate that us hotcopperians hold a few milly between us. I personally won’t want to sell any/many before we’re at a 20 billion $ market cap (approx $70) with many other investors in a similar category. So it’s currently a fairly sticky register.
Not helping the funds problem of trying to get a position without blowing the price up.
Anyway. The shares held in escrow by Japanese bank - Mitsubishi UFJ financial group, from the US IPO are just sitting there now.
It provides a good opportunity for a substantial holder to put a bid in for these. Say at a 20% market premium. It would be a huge win for all when comparing the request for a discount from our nasdaq friends.
They get a substantial holding with only pushing the price up 20%. We get another sticky share long term holder.
I wouldn’t be too disappointed in my current position or if I was the substantial holder.
All speculation but it makes sense in my mind
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$18.18 |
Change
-0.140(0.76%) |
Mkt cap ! $6.076B |
Open | High | Low | Value | Volume |
$18.45 | $18.64 | $18.01 | $11.83M | 650.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1106 | $18.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.18 | 231 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 18.100 |
1 | 27 | 18.090 |
3 | 1408 | 18.050 |
1 | 3070 | 18.020 |
1 | 300 | 18.010 |
Price($) | Vol. | No. |
---|---|---|
18.200 | 3070 | 1 |
18.220 | 200 | 1 |
18.230 | 3070 | 1 |
18.270 | 3070 | 1 |
18.300 | 3070 | 1 |
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