Just a reminder about the risks. Someone mentioned it in the comments section during the day, and I just went to check it out.

If they really do something like this, the stock price could indeed drop to 60 or even lower. Because this means. After the remaining 6 million plus shares are sold. There's still over 14 million shares of selling pressure.

$AST SpaceMobile(ASTS.US) This is really adding insult to injury.

Based on the current situation, they might indeed do this. For a company worth over 30 billion. A one-time sell-off. Of nearly 3 billion. Even a secondary offering wouldn't dare to play like this.

🤣What a mess. They've already sold over 800 million. And the price has already fallen more than 20%. In a better scenario, this plan ends upon completion, then there's still over 600 million left, but compared to the previous decline, this drop is also scary, likely over 10%.

In the worst-case scenario, if they want to liquidate everything, then there's still over 2 billion left, which is truly unimaginable. Especially if it's a liquidation that doesn't require public disclosure. It would take two months. And the stock price. Would indeed suffer another heavy blow.

Most importantly, they are doing this alongside many other negative factors, which is terrifying.

There's no choice, their cost basis is low. It seems to be around $1 to $3. Even if it drops to 50, they still have over 20 times the profit.