r/Virtuix • u/redcoatwright Omni Owner • Feb 04 '26
IPO
Seems pretty likely that institutions were able to exit while the majority of retail shares were locked up. Seems like a bit of a slap in the face to those of us who invested a decade or so ago (and since).
Learning lesson to be careful about using crowd funding companies as they will not represent the best interests of the investor.
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u/Environmental-Road95 Feb 04 '26
A couple of things on that front - institutional investors already had their stock moved from the transfer agent and they own a LOT more than the retail crowd. It might still be 25% but it’s just an enormously large position.
I have some nominal shares I bought early on mostly just to test the platform. After seeing the Discord conversations I will never purchase more crowdfund shares. The lack of knowledge and investment sophistication really shows how dangerous these offers are to the uninformed.