Nice to know it was you. Hoping we get 2 fills but highly unlikely.Like I have been saying, even back in February when the company had no update and looked dead..2s didn’t fill. It touched 2s but didn’t actually sell..if it did, it was like in thousands, very minimal.
Strong cannot have more than 200m shares left by my calculation of his conversions from 2024 till date and factoring in the retirement of preferred shares news.
Spikes really had a bad deal with Strong. Spikes was very big on making sure SS looked great so he struck a deal to exchange Strong’s 200-300m common shares back in 2023 for preferred shares. Same thing he did for himself.
The problem was Spikes didn’t know Strong was a hungry man and as soon as the Rule 144 on insider restriction selling lapsed he started to convert. At 350 common to 1 preferred B shares..he got more than triple of what he had before the exchange.
And I have done my DD. He is like 90% responsible for the reason the stock price is down here.
So we need him to sell low and get out. I am down but have been for 8 months so what difference will waiting few more months make!
Other insiders: Matthew & Anthony Nicolleti, Edward Mills ( came with the FITY AI labs ) and invested 350k but stayed and got preferred shares( he currently runs a solid biotech company they moved to after AI labs broke down, and Brandon Spikes own notes and shares respectively and haven’t shown any sign of selling.
The single person responsible for this dilution needs to be gone for everyone’s good! And the MMs and co will let this run when he is done in my opinion.
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