Getting too deep for me. When I DD, I stick to the basics. All the "if thens & loophole statements" cloud the subject.
Plan & simple, I want to see the VC's preferred go away in a SEC filing. Saw that, from filing to filing differences, event though it was not directly reported.
Then checked to see the conversion timing to match the TA'S reported O/S increase. Saw that also.
Guessing at the last 60 mill I can't find.
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Also timed well with the VCs selling into their no news created run & pops for profits. 50% big run, last 30% spread over 2 pops, expecting a 3rd to come!!! IMO
Because each of the small pops reload 11.5 mill & 9.6 mill blocks reight after. So I feel the 30% conversion and 50 plus mill originally accumulated, after the first big run, should still be in their hands. IMO
The last profit run, out of the blue again, should come from what I see with my tinfoil hat on.