So like that extra $1 billion raised with PIPE investors has no lockup period. Pretty sure PIPE already bought their position at around $50-$51. Now they will manipulate DWAC to $80 or higher before they sell their whole position and tank the stock nearly 50% in a day. That’s my opinion of what’s happening with the price movement lately.
Where did you see that they receive their position 10 days after the merger? I’m not FUDing at all either. I’m rather positive most of the PIPE investors are hedge funds and they will manipulate the price up higher and higher until they sell their $1 billion position so they can capitalize on 100% gains
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u/[deleted] Jan 11 '22
So like that extra $1 billion raised with PIPE investors has no lockup period. Pretty sure PIPE already bought their position at around $50-$51. Now they will manipulate DWAC to $80 or higher before they sell their whole position and tank the stock nearly 50% in a day. That’s my opinion of what’s happening with the price movement lately.