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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