3 ms·

Thanks for this comparison. This sounds like what I’d expect: possible to sell on the first day though maybe not cheap or easy. We weren’t even told where our s

Thanks for this comparison. This sounds like what I’d expect: possible to sell on the first day though maybe not cheap or easy. We weren’t even told where our shares were until after they started trading. Turns out they were at a sort of holding company and the only thing to do was transfer them out (no way to sell). They were not made eligible for transfer until multiple days after trading started.

dehrmann 4y ago
And it's not like there was a 180-day lockup. There's a lot of good advice on here. Personally, I'd continue engaging with the firm interested in a class action, and as someone suggested, find another lawyer for a second opinion. If nothing comes from this, I'd think of it as the company was desperate, so it was either going to be picked up for cheap by PE or go public via a SPAC and all the shadiness those come with, so this was the expected outcome at this point. Those paper gains would have been hard to realize.