Carvanas pay day.
$Root Inc(ROOT.US$ they are about to run it in the AH and PM to about 8.52. Then at open tomorrow when it hits 9.00 they are going to sink it back to 6.00. They are running out of time to do it.
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71058289 : What’s the rational?
Mcsnacks H Tupack OP 71058289 : Carvana has capped options. They let Root borrow over a 100 million dollars. So Root gave them Optional shares to convert when the price gets to 9.00. They don’t get paid back until the stock makes it to 9.00. Then they will sell the shares to hedge funds to cover with and the stock will fall back to 6.00.
71058289 Mcsnacks H Tupack OP : Could Root sale stock to Cavana out of market with 9 as price?
Mcsnacks H Tupack OP 71058289 : No they would have to pay for it then. This way the investors pay for it. Legal Theft.
babyya : Tomorrow have to sell at 9. 0?
Mcsnacks H Tupack OP babyya : Yea because it’s going to crash whenever those 10-20million shares are sold into the Market.
babyya : Ok
Depechist : Hey, why they are running out of time? Is there an expiry date?
HODL TIL THEY FOLD : still waiting for this to come true lol.
Mcsnacks H Tupack OP Depechist : No Theres not an expiration. But they have 5 of them to use. The others are for when it goes above 10.00. They need that money. They aren’t that rich of a company.
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