Brb buying more $NAKA here
Discussion
Any sense on whatβs going on here? Seems very oversold and much beyond whatβs been happening to other Treasury Cos. Down another 50% pre-market π€―
The pipe was at $1.12 so it basically traded down to the pipe price where 750 million sits.
My take: Shenanigans that always come with early IPO and major mergers. Early money exits in whole or part, new money enters on fomo and headlines, smart money v dumb money, then shake out the weak and revalue to market balance, etc.