1/$CVNA: $14.5mm in officer and director sales over the last seven days [per 10b5-1 trading plans adopted in March].$CVNA will have to borrow heavily against inventory in 3Q in order to stay in business- nothing wrong with ABL financing but should be paid from profits, not https://t.co/8saZ8X5jZO pic.twitter.com/i9CIgQ5jeB— Investor Gator 🐊 (@GatorInvestor) August 16, 2019
2/— Investor Gator 🐊 (@GatorInvestor) August 16, 2019
from constant junk bond and common stock sales, of which securities $CVNA sold over $500mm combined in 2Q. And now we see continued aggressive liquidation by directors and officers.
Great to see the $CVNA “Chief Product Officer” and “Chief Brand Officer” dump a massive percentage of their holdings right after that much-hyped quarter in which the company INCREASED losses with increased revenue:https://t.co/v4fVw8eoe0https://t.co/myxCHhrKk6— Mark B. Spiegel (@markbspiegel) August 12, 2019