Coming up on two years now, I've been associated with this particular equity in terms of performing DD and shortly thereafter taking a position. I thought I'd take some time and share with you and the rest of those that frequent this thread some of what I've formulated as I've discerned information from public sources provided by the Company, along with the application of hindsight as it applies to share price movement over this course of time, and I think you'll find your profile of Investor X is probably very close to what you surmise.
One of the appealing aspects to this Company for me from purely an investment standpoint was its connections--(those individuals directly attached and whom they were/would be affiliated with just by way of association) which creates a tight knit community encompassing innovative technologies and significant capital funding sources. Take your pick: Cambridge Analytica; Data Propria; Parscale's Digital; Parscale Strategy; Matt Oczkowski; Brad Parscale; Donald Trump; Peter Thiel and all the upper echelons of corporate/political global hierarchy through these associations.
In your posts you make references found in Company disclosures that verify sizeable stock ownership being represented by a small contingency of individuals affiliated with the Company. Which makes sense when weighing the controlled/conservative pattern of share price movement over time affirming a small community of shareholders that own the majority of common stock with continued consolidation particularly over the course of the last 10 months. I'm sure many have asked themselves over the years why this particular equity isn't given the same share price appreciation concessions as many of the other companies that trade on the OTC Markets--(so many have had parabolic moves reaching heights of .50-1.00 or higher whose measurable fundamentals have paled in comparison to this particular Company). A case in point, relative to the example you have thrown out in one of your posts and I quote:
"Statement of Shareholders Equity: The large thing to note here is the significant increase in Common Stock. A large amount of this was due to the conversion of preferred stock to common stock, as well as warrants exercised and stock options exercised. This is likely because if they convert to common stock before prices increase they can avoid taxes that would be due when the stock price increases. As example of this would be if they had a warrant exercisable at 1 cent and convert to Common stock when it is valued at 1.5 cents, they would have a .5 cent gain, that they owe taxes on. If the price of common stock goes to 20 cents, they would owe, taxes on the 19 cent gain. When multiplied by millions of shares, it makes sense to convert before the price goes up."
Investor X would have to be very knowledgeable and have available resources to verify the sophistication of the technology and how it measures up within the competitive landscape. The fact they didn't even blink when it came to the continued share price decline surpassing the agreed upon exercise price as part of the agreement truly exemplifies the entity has a vast amount of capital at their disposal. I can certainly understand why you would throw a person like Peter Thiel, Palantir or someone along those lines hat into the ring. It would definitely be a very logical choice.
AIAD has made it very evident over the course of the last year they're ramping up in expectation of experiencing significant growth and those highly respected individuals already identified directly involved, along with investor X, seem to have very little doubt.
