The tides will turn? Or will it be the massive off chart train wreck?
People might think this as scam stock and anyone that entered on the high may even loss a lot of money. What is the fact to this stock and what is with the tanking from 10.30 all the way till 7.09?
Few factors but the most easy to spot is the massive sell off by one of the VC investors - Access Industries (AI LiquidRE LLC) which is by Pueo Keffers （main is Len Blavatnik), the ex-board member of Open.
Total up to this point with 3 planned sales executed within September (ouch ![]()
)
To let everyone get the pictures, Access Industries helds total of 53.60M shares, considering as
- 2nd major holder across the shares (as insider after Vanguard)
- Top holder under Hedge Fund category (5.82% out of 10.22% - half of the funds)
And why the sales? Why not hold and let it ride? That is just how hedge fund is, if they no longer a get to say (authoritative) in the company usually is a sell off to either pressure the new board to accept them back (ahem, vendetta? ![]()
) or just professional interest, who knows the real answer feel free to comment. ![]()
Lastly, showing from mathematical standpoint, the share they held is 53.60mil share from 2020,2021 till date which average price by consider during IPO time and added shares on 2021 Q3/4 is roughly around 24$ per share, so a VERY VERY rough estimation be:
53.60mil*24$/share = total 1.286 billion USD invested.
From recent dump
- dumped 10.87mil share in 12th sept = aggregate 98.63mil
- dumped 11.35mil share in 22nd sept = aggregate 95.16mil
- dumped 13.65mil share in 23rd sept = aggregate 96.80mil
Total current aggregated return = 290.59mil
at this current stage = invested - aggregated return = 1.286b - 290.59m = 995.41mil loss ![]()
Shares left - 17.73mil, assume if really total selloff at 7 bucks or lower ( use the current price ) = aggregated return 124.11mil
So if indeed the case, Pueo will get back total 414.70mil, with loss of 871.30mil. Guess that is the loss he willing to take from the actions this past weeks.
In short, we may still see sell off by Access Industry with this movement and it dominoes to retailer since... we all look at the price dip, surely is a scary sign and if cant hold the pressure will ensue panic selloff (or stop loss)
Anyone that holding lower than 4.00 before may not be worry too much, but anyone to think wanna join in the train my suggestion be (but NFA) may need to consider a bit later until this fire subsided - 17.73mil left to burn.
#No FOMO #Smart Trading
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YYQ : Thank you for sharing. The information is very valuable!!!!!!
Moosang King Trader OP YYQ : Here’s a fair and in-depth analysis for everyone, but the final decision still rests with you all. Ha ha.
But watching my profits shrink hurts so much—I could cry... Waiting for the rebound, ha ha.
Jamesjinlin : My position is 4.4. Does it count?
MsNeko : do they even have any position left here
Moosang King Trader OP Jamesjinlin : The sentiment seems neutral. The remaining 17 million shares are expected to be released soon, so the price is unlikely to reach 4.4 unless retail investors also release at least around 30 million shares or more.
Moosang King Trader OP MsNeko : you meant Access Industry shares or as board?
Yes, from the report and previous holding still left 17mil+
No, only Pueo so far i know which he left
Moosang King Trader OP Numb3rs Dont Lie : hmm last i know vanguard only has 9%, but hey maybe added more yet to report? haha
103754712 : HOLD Guys..
Jamesjinlin Moosang King Trader OP : Just to prove a point, if they don't offer a board seat, I'll show them by losing money—or rather, by going all out. Money is no object. Just like that, over a billion yuan is gone, and our few ten thousand is a drop in the bucket. Let’s wait until their fire dies down; maybe we’ll pick up some bargains later.
103754712 :
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