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sharpie510

09/23/23 6:00 PM

#634284 RE: insidernews #634120

I don't think LP sold any of her shares. Are you meaning to say 11 million warrants were exercised and converted to shares in the past 3 weeks? Big difference.

kabunushi

09/24/23 12:35 AM

#634363 RE: insidernews #634120

Don't confuse people with low knowledge/understanding! If LP sells shares the sales need to be reported to the SEC within 3 days. No such sales were reported. All you are commenting on is an 11M increase in the outstanding share count. That increase could come from conversion of warrants into shares (obviously this is NOT per se a sale), or it could come from other issuance of shares e.g. sale of the C series convertible (1 C share = 25 ordinary shares).

It may be that some warrant holder other than an insider exercised warrants and immediately sold the shares. But we know for sure that insiders have not been exercising and selling because insiders have to report and we haven't seen any such reports.

Seems like you missed the investing 102 course where 'insider transactions must be reported to the SEC in a timely manner' is discussed.