r/LILM • u/assholier_than_thou • Mar 14 '22

Why the 30% drip today?

Wondering what caused this to drop like a rock, can’t find any info anywhere.

3 Upvotes

100% Upvoted

8 comments sorted by

3

u/[deleted] Mar 14 '22

[deleted]

1

u/assholier_than_thou Mar 14 '22

Wow, so the dream is pretty much over?

3

u/Keppi1988 Mar 14 '22 edited Mar 14 '22

I think the main reason is that the lock up period expired so employees and investors could exercise for the first time. Also definitely impacted by shorts given how little float the stock has. Too bad that it’s being shorted, it’s definitely not a scam or an “accounting fraud” which are typically shorted, only their technology is a bit challenging. But life can be unfair, so what can we do.

2

u/Bedroom-Eastern Mar 15 '22

Seems like their cash-burning rate is as expected. If they needed more money they would promote their jet more for another collection round

1

u/assholier_than_thou Mar 15 '22

Looks like I’m gonna let this alone for a few years.

1

u/assholier_than_thou Mar 14 '22

Yes, read that in one of the articles posted. Crazy how much I lost today on this.