u/Stonkgang_

NMAX is closed as a “mini” IPO giving its small offering of just 6% of the total company. Insider holders then mean the tradable float is somewhat non-existent. This structure is rare and creates a stock structure that’s easy to squeeze.

The only other recent IPO with shares locked up and a very similar IPO offering structure is FJET. Which also happens to sit within the Space theme.

Could easily follow NMAX here, very easily.

Look how explosive the previous pops have been.

Worth a watch if it starts to break over todays high, that's what I'm waiting for. Worth having on watch.

https://preview.redd.it/90mrvdys0swg1.png?width=782&format=png&auto=webp&s=d8af712f0592b7ebd7e33c7ab318fbbf28575cb0

Isn’t LCID the same? It has a tradable float of 152m shares, yet Ayar Third Investment company, owned by Saudi Arabias public fund, owns shares, warrants and convertibles to the tune of 222m shares. Uber then discloses a stake of 33m shares… Yet only 152 are tradable.

Meanwhile over 43m shares are short.

So far the Saudi investment arm have invested £9bn and the market cap is £2bn

Do we really think they’re going to stand for this?

Anybody want to help dig into this, hence the discussion flair.

CAR is gunna kick start a short squeeze mania, I’m now long 3 names and just added Wendy’s. The pinnacle of memes.

Which also is cash flow positive, trades below EV and hoards of cash.

We're in the midst of an epic squeeze in $CAR following a 400% move in a matter of weeks. There's been a lot of speculation that the major fund responsible is Pentwater Management. They accumulated a huge position in the name just weeks before a buy algo begun squeezing this thing to high heaven.

A simple method intraday of the price action dropping below VWAP, shorts adding to their position, volume drying up and then the next pop. It's smart and we've seen this type of play many times before.

Now pent water has been notorious for this type of activist play (if that's what you want to call it) in the past. They target high short float names with enough cash and certain characteristics.

So I did some digging to look for footprints on what their next culprit may be. The reason I feel there will be another, or even a few, as the success of this CAR squeeze will have people bent over and shorts extremely concerned. A name would now only require a small squeeze to create outright panic.. Anyways.

So a LOT of people are aware that Pentwater is likely the culprit behind this move. What they may not be aware of is Pentwaters previous involvements in FLWS and their attempt at pushing for a sale of the company for $17.50 a share.

Its also the closest name structurally, with practically the same share float, high short interest, trades far below book value, plenty of cash, plenty of cash runway. Likely little reason to immediately dilute. These all provide margins of safety to an "investor" looking to take a huge stake.

Insiders also own a considerable amount >50% and a lot of the recent awarded shares are class B, meaning they're not easily dumped on the open market and have restrictions.

Then you have Fund 1, an activist name, weirdly accumulating an aggressive position.

Now look at the price action of CAR before the squeeze, same aggressive yank lower followed by consistent buying pressure. Intraday has also been trading in a very similar pattern.

We won't know if they're involved for another month as that's when the latest 13f filling from pent water is issued. However, and whilst this may be a "blue sky thought". Out of all the names in the top short list, FLWS looks exactly the same as CAR.