@Zerosumgame33 The wisest thing written on Twitter today. The narrative will switch to inflation and rate hikes in the next week or two and many of these names will flush 25%.
@KevinLMak@kingtutcap@vicarvik My main bugbear is not Tim, its that three key insiders have started selling big, right before commercial operations are supposed to start.
@defiantclient@KevinLMak True, and so did I. But the difference between us and him is that he has insider information. We are managing risk because we do not know everything. He is managing risk in spite of knowing everything.
I’ll still probably buy more if it drops to mid 20s.
@defiantclient@KevinLMak How easy is it to get a floating charge loan for him? I’m guessing pretty easy?
I’m bullish ASTS but think this can only be interpreted as a bearish signal. He thinks there are better places for his money. Makes me think the same… Would be different if co future was not binary
@KevinLMak He could have solved liquidity issues easily with a floating charge loan, surely? And why would anyone diversify if they had knowledge that billions in revenue were due in 12 months. Like Zuck selling 10% of META before it switched on ads. Lunacy.
@KevinLMak It means he should not be aware of material negative non public info, but it equally means he is not aware of any material positive non public information. (Logically nobody sells such a big chunk 6 months before commercial operations / DOD contract. Nobody.) CTO also selling.🧐
@JamieDotSt@FilingsTracker Again, it’s easy to get a loan secured against your shares if you need cash. It makes no sense to sell ~six months before the start of commercial operations.
@thekookreport I see not a single member of congress has bought $ASTS yet. If those professional insider traders haven’t bought, it should be safe to say there is no material contract yet?
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I accept that people don't want it as much. But sometimes needs must. Not everyone can afford the best.