The $GRND Buyout Bid Is One of the Messiest We’ve Ever Seen. One of the supposed buyers — who also happens to be the current board chairman — is being margin called on his pledged $GRND shares. 1/x
That $GRND margin call should’ve been disclosed in a Form 4. Form 4 requires a two-day filing deadline for reporting changes in a company insider's beneficial ownership. But the filing for the Oct 10 sale? Delayed. Conveniently. 2/x
30 minutes before the first buyout rumors hit the news on Monday, someone snapped up 2,500 call options. They made a 168% profit within half an hour. 3/x See @unusual_whales finding below: https://x.com/unusual_whales/s...
On Tuesday, $GRND tanks 10% intraday. In our opinion, from more forced selling as margin calls kept hitting. Now, Wednesday pre-market, we’re seeing 31,000 shares hitting the ask at $13.30. If the company’s getting taken private at $15, why would anyone sell below that? 4/x
While $GRND confirmed the takeover bid to journalists (@connorhart22 ), the company has not filed an 8-K with the SEC. Why? 5/x
The $GRND buyers claim they’ve secured preliminary debt financing from Fortress — that’s possible. But as board members, the buyers should know how a proper buyout process works. So far: no formal offer, no definitive proposal, nothing binding. Everything was rushed! 6/x
Put it all together: - Margin calls. - Late SEC filings. - Suspicious options trades. - A PR-fueled “buyout” letter with no proper proposal. The $GRND buyout doesn’t look like a clean deal. In our opinion, it looks like a pump job to stop a death spiral from margin calls. 7/7
@NingiResearch You are starting to sound really desperate bro.