Maybe not... FTX is a Bahamian cryptocurrency exchange. FTX is incorporated in Antigua and Barbuda and headquartered in The Bahamas.
But what is not in doubt is the trend ... down. Stonks worth buying don't lose 2/3rds (more really) of their value less than a year after their IPO.
I have no problem with taking the shot,I dont like that he capped his upside..Stock is up 2 bucks(25%)and hes making pennies for 10% protection
I hardly ever do high flyers...It's more IBM and ADM type of stock. Either other people see the value here (the last couple of days) or someone is getting squeezed... We are talking about a $140. trade...Not earth shattering.
Yeah but you were referring to HOOD I thought. If he has a 7% stake in it, he has to file. If you meant his company, that entity would have to file also. You can have a corporation based out of the most secret country in the world, but if that corporation takes a 5% stake in a US publicly traded company, or alters that position, that company has to file a 13-D or 13-G with the SEC. _______________________________ Schedule 13D is a form that must be filed with the U.S. Securities and Exchange Commission (SEC) when a person or group acquires more than 5% of a voting class of a company's equity shares. Schedule 13D must be filed within 10 days of the filer reaching a 5% stake. Schedule 13D is also known as a "beneficial ownership report." When a person or group acquires 5% or more of a company's voting shares, they must report it to the Securities and Exchange Commission. Among the questions Schedule 13D asks is the purpose of the transaction, such as a takeover or merger. If the beneficial owner's holdings change by 1% or more, they must amend their Schedule 13D.
You are dealing with a bankrupt company from The Bahamas...And Sam is not even the CEO anymore!! "Must" is an harsh word for such a sensitive young man...Billionaire (cough cough)...
We may have found out where that 7.6% share of Robinhood is now. It looks like it has NOT been sold...We'll see. Sam Bankman-Fried, the founder of collapsed cryptocurrency business FTX, is being sued by another bankrupt crypto business over control of a £400m stake in Robinhood. Lawyers acting for BlockFi, which filed for bankruptcy earlier this week, claim Mr Bankman-Fried pledged shares in Robinhood as collateral for a loan that he subsequently failed to pay, which contributed to BlockFi's collapse. The two sides are battling over control of the shares as the escalating fallout from FTX’s collapse triggers a wave of litigation.