Apr. 9 at 12:47 AM
$RZLV Ok here are my 2 cents on this deal:
1.-
$CMRC investors can't just sold their shares because the stock will tank with no return, they wont be able to dump their shares without affecting the price significantly. The IPO in 2020 started at
$83, ATH was
$162.5 and it's pretty much downhill from there. I'm sure there's a lot of trapped investors in the way.
2.- 34.4% of ownership in 168 Funds with only 3% of management ownership.
3.- Since the IPO in 2020, only 15 weeks the price has been over the 200 EMA, and like 85% of the time below the 50 EMA.
For those reasons I believe they're trapped, I can see investors wanting to move forward out of desperation, because their board is just taking the company down.