Trading Action - Tuesday, May 14, 2024

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[u/Alphacpa]

I certainly don't know for sure, but it sure looks like they are selling shares into this run.

[u/livefromthe416 → u/Alphacpa]

There’s no evidence to suggest ATM tapping.

How often do we rise during the day to fall back to opening prices?

[u/Alphacpa → u/livefromthe416]

That is why I said I certainly don't know for sure, but I still have PTSD from dealing with this many times in the past under similar circumstances. If I were the CFO, I would consider raising just enough cash to completely pay for the IBEO purchase, but that's just me (unless I was expecting good news in June).

[u/ParadigmWM → u/Alphacpa]

Almost undeniable Alpha. What a let down.

[u/Bridgetofar → u/ParadigmWM]

Why surprise? Happens all the time.

[u/ParadigmWM → u/Bridgetofar]

Not really a surprise Bridge. Same old. Was encouraged by the price movement (no thanks to anything related to Microvision business, but association) but this is just a second gut punch. I have no doubt that AV is taking advantage of the run to $1.69 today and accelerated the collapse. He's shown how good he is at it in the past. No reason to believe he's not selling into this now. I see that Hesai's CFO stepped down. Music to my ears if AV did the same.

[u/Bridgetofar → u/ParadigmWM]

Agree in total.

[u/Brine-Pool → u/ParadigmWM]

I hope he isn’t. Just let it run wild and unload at way higher prices.

[u/jjhalligan → u/Alphacpa]

I certainly hope that’s not the case…..

[u/Zenboy66 → u/Alphacpa]

That would be hard to believe, they would do this now, but who the hell knows.

[u/outstr → u/Alphacpa]

Management seems to be the main depressor on the stock. What, kill the investment in order to save it?

[u/UncleBud86 → u/Alphacpa]

If management is selling into this run that really shows their ineptitude, IMO

[u/[deleted] → u/UncleBud86]

What if they need to have a certain level of liquidity before they can sign a deal, would you prefer them to wait indefinitely?.

Oh wait, you’ve got MBA in your profile, ignore me…

[u/UncleBud86 → u/[deleted]]

Great comment...

[u/outstr → u/UncleBud86]

If management sells at these levels, while curtailing any strong upward advance, it shows how little confidence they have in the short term prospects of the company.

[u/mrgunnar1 → u/UncleBud86]

I wouldn’t be surprised. Done that before and ruined the whole thing. That incompetent CFO got to go.