Monday, August 19, 2024 12:29:03 PM
https://finance.yahoo.com/quote/CYBL/history/?period1=1633046400&period2=1640908800
I think this is the likely reason for CE.
250Mill shares free trading shares - undisclosed - until much later. 200Mill more shares in August 2022 - free trading.
He would have had to have sold the first 250Mill shares before he received the 2nd 200Mill shares or else he would have been a 5% holder and an affiliate.
It's very possible that he sold the first shares almost immediately, look at the volume and price on yahoo price history. He could have made off with $10M+, more shares, and suing for his $5.5Mill back.
I think this is the likely reason for CE.
250Mill shares free trading shares - undisclosed - until much later. 200Mill more shares in August 2022 - free trading.
He would have had to have sold the first 250Mill shares before he received the 2nd 200Mill shares or else he would have been a 5% holder and an affiliate.
It's very possible that he sold the first shares almost immediately, look at the volume and price on yahoo price history. He could have made off with $10M+, more shares, and suing for his $5.5Mill back.
