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I am happy to take the profit now. If it's listed, I will trade...

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kevthegod

579 Posts.

46

05/08/23

11:57

Post #: 69176159
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Originally posted by Danvestor: ↑

Hey all,

I'm intrigued by this process, and my gut feeling is that this is a bad deal for us shareholders, but I'd love more info from you all.

My gut says the only reason to have this blind auction is to see how many shares they can buy back for cheap, or because their advisors have told them that retail holding X% is bad and that they won't get a big bank or something investing until the registry is tightened up.

I could be completely off base here, but imagine putting in a sell for 90c only to have a big bank jump straight in the next week at $1.50.... with the company having knowledge of that price beforehand...

Thoughts?

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I am happy to take the profit now. If it's listed, I will trade it or watch it later.
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