Aug. 12 at 9:32 AM
DID YOU KNOW?
45 days after the New Glenn explosion,
$ASTS CEO Abel Avellan finalized a
$146.7M in upfront cash loan with 2.5M shares as collateral Effective price of
$58.68/share
Citi hedged with short stock and puts. The loan is due in 2028 they can sell the shares then, but they also bought puts and shorted the stock so they make more money if
$ASTS goes to
$0 by expiration.
Avellan controls 71.6% of the voting power. He has almost full control over the board can give himself more shares convert shares sell shares when ever he wants. He can prevent other insiders from selling. He can hire any auditing firm he wants.
$ASTS has had 3 CFO since May 2022.
Now that they spilled the beans with their 2Q2026 "update" they can sell when the blockout ends 8/13/2026 at 4 AM ET.
OR.. they can keep the lie going. Regardless the CEO has 147 million cash free and clear. Oh and if he gets charged with insider trading Trump gives pardons for 3 million like Trevor Milton fmr CEO
$NKLA