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this post was submitted on 30 Mar 2024
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Well, spez and the COO sold over a million shares. I thought they'd be tied down by some kind of lock-in period.
Considering that 'opportunity' they gave to long term reddit users it seems like this fleecing was planned from the get go.
Quite frankly, this scam was so obvious, I have zero sympathy for anyone who fell for it.
Narrator: it was.
Yup, this is why I didn't buy. I didn't smell a good intention. (Although, I refrained from judging whether the price would go up or down.)
Did they?? Fucking grifters
Corpo exit scam?
I mean, an IPO is a pretty reasonable point to allow insiders to trade. You've just published a huge amount of information about the company, so the insider advantage is at a relative low. It's somewhat common for blackout periods to exist prior to things like earnings announcements, but after the announcement is usually when trading is permitted.