RGTI management sold at $2 giving us the shortest short thesis you will ever read

Management diluted at $2 in late November.

The market did not care, and pumped it to $20 for no reason other than mass mania/hysteria.

Management will most likely dilute again, but not much above $2, unless it does an at-the-money death spiral offering which will cause the funding institution to short the stock.

Speaking of management, a lot of them sold their stock as soon as it ran up in November, starting at $1.3 and with most sales completed under $5. There is a pretty sad Benzinga article asking rather rhetorically whether RGTI management missed the quantum importance or their company valuation. To that I say - grow a spine and call it what it is - management never underestimates the value of their own company by a factor of 10. If anything, management overestimates it and tries to sell shares at a premium, not a 90% discount.

RGTI's downfall is inevitable, no matter what technology they own. Insiders know what stock they own and where they work, otherwise they would not sell their hard earned shares below $5.

Disclosure: I own $15 puts for next Friday, looking to add more as time passes.

https://preview.redd.it/ftd45jyjktae1.png?width=742&format=png&auto=webp&s=d97e0b1830add75878b45e52b21bba9bdf1bca51

EDIT: for some reason I can't comment on the post. Good comments all around, will keep everyone updated on future trades as I make them this week.

EDIT 2: closed at 10X, will look into more trades on Friday.

https://preview.redd.it/4f7ewahq3ube1.png?width=702&format=png&auto=webp&s=4c93a2fc47b246fb3109857cc638001dfcc843e7