large equity prices arent telling anyone anything unless you are wearing a tin foil hat today.
The fact of the matter is that a large chunk of the float in all classes are now locked and the remaining shares trading are those waiting to the last min to pick up some extra shares and vote and those trying to cover short positions. After the release deadline the equity in the old securities/pps should keep going towards nothing as those shares not granting releases with turn into vapor.
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