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IPOAU - Social Capital Hedosophia


saltybit

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Saturday Dec 12th: failed test

 

First two business days following the failed test: Chairman of the company sells 3.8 million shares because he needs to "manage [his] liquidity"

 

 

What a remarkable coincidence!

 

 

https://www.sec.gov/Archives/edgar/data/1706946/000170694620000061/xslF345X03/wf-form4_160816341417857.xml

 

https://twitter.com/chamath/status/1339425375063953409

 

Those shares were loaded into the launch vehicle and failed to launch into orbit.

 

OT disclosure: I sold most my SPAC warrants recently, including FSR, VVNT, IPOB, IPOC, and too long to list. I may or may not buy/sell/etc. these or any other SPAC shares or warrants as vehicles are launched or not.  ::)

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