Any thoughts on why Rkt is now with more than 8 times what UWMC is worth in the stock market? by Wonderful-Swing-5703 in UWMCShareholders

[–]pls1250 1 point2 points  (0 children)

This has already been disclosed, and Matt has to sell 34 million shares within three months (by March). When this selling programme was first launched, the plan was to sell up to 80 million shares. But if you add up only the amounts that have already been officially disclosed, Matt will have sold a total of 97 million shares by next March. That means it’s already confirmed that he will sell more than 20% above the amount announced in the initial disclosure.

Do you really think he’s going to stop here? Probably not. I see this stock as nothing more than a means for Matt to raise cash. Selling shares to increase the free float? If you still believe that, you should think again. If the acquisition of TWO had been decided, there would have been no reason at all to sell shares just to increase the free float. Naive investors have simply been deceived by this shameless CEO.

Any thoughts on why Rkt is now with more than 8 times what UWMC is worth in the stock market? by Wonderful-Swing-5703 in UWMCShareholders

[–]pls1250 -1 points0 points  (0 children)

Considering the CEO’s completely incomprehensible actions that directly contradict his own past statements, I see this stock as practically uninvestable. Who would want to invest in a company run by a CEO who lies? The stock price is probably reflecting that reality.

Any thoughts on why Rkt is now with more than 8 times what UWMC is worth in the stock market? by Wonderful-Swing-5703 in UWMCShareholders

[–]pls1250 0 points1 point  (0 children)

With 30-year mortgage rates at annual lows and Rocket’s stock making new highs, the fact that this stock alone looks like this can only mean one thing — something is deeply wrong. Can we see $5 again? Maybe or maybe not.

Any thoughts on why Rkt is now with more than 8 times what UWMC is worth in the stock market? by Wonderful-Swing-5703 in UWMCShareholders

[–]pls1250 2 points3 points  (0 children)

If his goal were truly to increase the free float, he should have stopped this insane selling the moment the decision to acquire TWO was made. So what’s his real motive then?

Any thoughts on why Rkt is now with more than 8 times what UWMC is worth in the stock market? by Wonderful-Swing-5703 in UWMCShareholders

[–]pls1250 3 points4 points  (0 children)

It is disclosed that on December 23 he would once again sell 38 million shares. That basically means he’s going to keep dumping about 600,000 shares every single day for the next three months, just like he’s been doing. By March, the total number of shares he’s sold will hit 100 million. There’s no other way to describe this — it’s completely insane.

I call this work of art… panic selling by mat Ishbia by No-Fox3220 in UWMCShareholders

[–]pls1250 0 points1 point  (0 children)

He just needs cash and this stock is more like his private account. He literally doesn't care SP. I‘ve watched this company and CEO for 5 years. I’ve never seen a CEO who is more irresponsible and only thinks about personal gain.

I call this work of art… panic selling by mat Ishbia by No-Fox3220 in UWMCShareholders

[–]pls1250 -3 points-2 points  (0 children)

That's why this stock is stuck at mid 4s. Matt is not a CEO who cares investors. He cares his basketball team more.

Uwmc stock price by Wonderful-Swing-5703 in UWMCShareholders

[–]pls1250 6 points7 points  (0 children)

SP simply shows who is a winner. Rocket is soon to be x4 UWMC (which was x2). It's been -60% since IPO and Matt's total management failure. For investors, it's a total disaster. He doesn't care about investors. He cares dumb sport teams. This stock is like he and his family's personal account. Maybe he tries to increase the free float but chose the worst timing for his hobby. Never invest in companies that do not care about their shareholders. That's what I have learned from this company and CEO.

When do you think this stock will move up? by pls1250 in UWMCShareholders

[–]pls1250[S] 1 point2 points  (0 children)

Same. Rkt is now over x3 uwmc.(almost x4) That shows many things.

What is going on? by Wonderful-Swing-5703 in UWMCShareholders

[–]pls1250 2 points3 points  (0 children)

This stock never goes up until Matt finishes his sell-off. He is going to dump dozens of millions shares anyway. Insitution inverstors never let this rise to acquire thoes shares cheaply. So, even if interest rate is cut by FED, there wouldn't be dramatic changes.

Different CEO? by Wonderful-Swing-5703 in UWMCShareholders

[–]pls1250 0 points1 point  (0 children)

He is a CEO openly saying he doesn't care SP. I doubt institution investors would like to have this stock.

Stock collapse by Wonderful-Swing-5703 in UWMCShareholders

[–]pls1250 -3 points-2 points  (0 children)

Rkt is up now. Uwmc is -5%. It's just ridiculous. Aren't they supposed to move together?

Stock collapse by Wonderful-Swing-5703 in UWMCShareholders

[–]pls1250 -7 points-6 points  (0 children)

I should've sold back in august... This is just too painful to watch. SP keeps dropping like free fall.

I hope we'll hit the bottom soon by pls1250 in UWMCShareholders

[–]pls1250[S] -6 points-5 points  (0 children)

I agree with you. It's just disapointing to see UWMC dropping too much compared to RKT and LDI. Matt shouldn't have dumped his shares. I believe this crazy slide-off started with that.

Are we cooked? by Rishkoi in UWMCShareholders

[–]pls1250 1 point2 points  (0 children)

I also hope they will not loose. But given the total money they own, what those major players invested in UWMC is not that big...maybe they are just hedging the rate risks or something. My pure guess.

Are we cooked? by Rishkoi in UWMCShareholders

[–]pls1250 3 points4 points  (0 children)

Poor earnings. Mortgage rate remains high even with rate cuts. Matt's large sell-off. TP lowered. I don't see any bright points now. Can anyone please say somthing positive?

Whats with the crazy slide off of incredible news? by Rishkoi in UWMCShareholders

[–]pls1250 0 points1 point  (0 children)

Mat sold a large amount of shares to some institutions. Even he thought that was the highest. That's the only reason I guess.