so my read here is whats happened, is that some big insto's want to buy millions of dollars worth of wisr stock. they dont want to sit on market buying it in $10k lots, and there's no capital raise coming again, so they have approached the majority owner to sell some of theirs directly to them.
that majority owner has like $50M of stock, so is happy to give these guys some at the right price. the good part here, is most of these funds only ever get like 30% of what they want in stock on a trade like this, and have to buy the remainder on market. so might have been them accumulating recently, or they still might have to. will see what happens over the next week i guess.
majority owner is saying they vetted them to be "high quality and long term holders and supporters" of the stock. which means they are going to be supporting it going forward. therefore, i think good outcome.
WZR Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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