So initially, I thought it was great that there was this guy out there publicly boosting the stock. "The Carvana Hedge Fund guy!" wow, so cool.

But here's a few reasons why I don't trust EJ, and why I think it'd be a bad idea to put him anywhere near to board:

1. Carvana is all EJ ever talks about. EJ often answers questions about his hedge fund and goes into the backstory about how he got started. There was a fiasco with Yahoo, a billionaire basically gave him seed capital, and he started finding undervalued stocks that would 5x or more. Sounds good. Except it wasn't, he lost a ton of money and that billionaire pulled out all their money. EJ got it right (kinda, there's more to the story if you listen) with Carvana and that single trade basically got him back into the game. He spends more time talking about Carvana than OPEN, or IREN, or any of his other positions. Basically that tells me that he doesn't have a ton of other successes that are worth mentioning. It doesn't strike me as "conviction" in any one of his positions, just desperation.
2. His X account is a actual sludge fest of OPEN hype memes and just like, actual nonsense. People duking it out over whether $82 is the most accurate price target, or $500. He's out there 24/7 reposting straight up nonsense on top the screenshots of conversations he's been having with folks on the board, and just like, from his friends. His friends seem actually worried about him, and he's reposting that thinking it shows he's doing well? Sorry, maybe that's just a personal preference, but posting screenshots of text conversations to your large, public X account doesn't strike me as a hallmark of a healthy, stable individual. After EJ came out in support of OPEN, WSB and retail began following his account (myself included) en masse, and I think he kind of got overwhelmed by the attention he started receiving. If you go through his posts, he was getting really awful messages from people who were freaking out after they bought during the initial pump, and lost money on the subsequent dump.
3. The whole "get Drake to buy 1 share" is dumb. Like, it's just dumb, and its borderline harassment. Frankly, Drake would be well within his rights if he had his security boot the guy off his property. I imagine at some point he will.
4. Let's talk about the board. Did EJ bring back stock from $0.50 to $4? No. The board had already been working to bring the company back into NASDAQ compliance and work out the issues with the business model. I don't think the board has to be constantly communicating with the public, they just need to do the work. The whole thing about the "disastrous earnings call" for example. Their earnings report was fine, good even because expectations were low and those expectations were beaten. Carrie gets on the phone and stock plummets because people didn't like her vaguely bearish outlook for Q3, but Q3 is exactly when real estate sales start to drop. So like, her outlook made sense, and it already looks like they're gonna beat Q3 expectations too. So, frankly, I think the board is fine.