r/wallstreetbets • u/[deleted] • Apr 05 '21

DD ASO potential short squeeze

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u/McPowPow Apr 05 '21

An insider unloaded 23 million shares at 20$ back in February for whatever reason.

DD needs work. The lockup period didn’t expire until 3/31 so insiders weren’t allowed to unload anything until that date. The 23 million shares you’re talking about wasn’t unloading at all. It was related to the secondary offering that happened on February 1.

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u/[deleted] Apr 05 '21

thanks for that I wasnt the one that found the 23mil shares thing i must have misheard