I think we will never find out the answers to those questions....

I think we will never find out the answers to those questions. They could have been looking for $10, they could have been looking for $9.75 they could have been looking for $9.50 who knows?

By the way, for the people who are worried about founders selling down and being a young punk looking for easy money, take some time to understand why founder-led businesses continue to beat the market time after time.

Look at BKL, FLT, XRO, ACX, CTD, UPD, AMZN, WTC, Facebook

A few articles that I've read through the years in my research into founder-led firms.

https://hbr.org/2016/03/founder-led-companies-outperform-the-rest-heres-why

https://www.fieldercapital.com/single-post/2017/11/14/How-to-Invest-in-Founder-Led-Companies

https://www.tradingequities.com.au/asx-equities-news/founder-led-companies/

And then there are the rarer subsets of founder-led companies where even the company is named after them. Dell (Michael Dell), Dunlop (John Boyd Dunlop), Colgate-Palmolive (William Colgate), Ford Motor Company (Henry Ford), Ericsson (Lars Magnus Ericsson), Johnson & Johnson (Robert Wood Johnson I, James Wood Johnson & Edward Mead Johnson), Procter & Gamble (William Procter and James Gamble), The Boeing Company (William E. Boeing), Tata Group (Jamsetji Nusserwanji Tata), Walmart (Sam Walton), Disney (Walt Disney).

My point is that these guys have their names on the door (though David Schafer does not, Ruslan Kogan sure does). When you have your name on the door ... it's hard to let the company simply go down the toilet hole.

Founder led companies are unusual, but companies with their name on the door are an even rarer breed and based on history, they have a bit more spine in their backs and has a higher % of leading the company to achieve great things.

I have to admit I pulled some money out of savings and went in again with that block of money. Did not get the lows unfortunately.