$SoFi Technologies (SOFI.US)$ Eventhough before the dilution...
$SoFi Technologies (SOFI.US)$ Eventhough before the dilution news came out, they are not allowed to do insider trading.
However knowing the insider info, the moment the dilution news is out, institution are than ready or is in very good position to sell off some of their position, and buy back at discounted.
So eventhough they buy offered share at 27.5, selling off their position at tip 29+, and buying back at 25+ or 26+ give the insider so much edge.
Hmmm. What do you guys think? Unfair to the retail shareholders being diluted this way?
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