🚨 BREAKING: BASTION PRESSES SKY AI OVER SOL SALES - TREASURY SHRINKS 70%! 🚨
Activist investor showdown!
Bastion Trading (9.99% holder of SkyAI - Nasdaq: SKYA) is challenging SkyAI's $3.00/share tender offer and demanding full disclosure of 70% of its Solana holdings sold in under a month.
SHOCKING NUMBERS: $SkyAI held 2M+ $SOL (∼$207M) on Sept 14, now only ∼600,000 SOL in Oct 13 Form 8-K filing. That's 70% dump before $200M buyback!
BASTION DEMANDS:
Disclose dates, quantities, prices, gross/net proceeds, transaction costsBoard approval process & independent reviewRaise buyback from $3 to $3.50/share minimumExclude advisor warrants & replace board
Bastion says: "We will NOT tender shares until concerns addressed - encourages other stockholders to not participate."
Is SkyAI dumping $SOL before buyback to save cash? Treasury manipulation?
, $SKYA.US , $ETH
#Solana #SkyAI #Bastion #SOL #CryptoNews#bastionpressesskyaioversolsales
Activist investor showdown!
Bastion Trading (9.99% holder of SkyAI - Nasdaq: SKYA) is challenging SkyAI's $3.00/share tender offer and demanding full disclosure of 70% of its Solana holdings sold in under a month.
SHOCKING NUMBERS: $SkyAI held 2M+ $SOL (∼$207M) on Sept 14, now only ∼600,000 SOL in Oct 13 Form 8-K filing. That's 70% dump before $200M buyback!
BASTION DEMANDS:
Disclose dates, quantities, prices, gross/net proceeds, transaction costsBoard approval process & independent reviewRaise buyback from $3 to $3.50/share minimumExclude advisor warrants & replace board
Bastion says: "We will NOT tender shares until concerns addressed - encourages other stockholders to not participate."
Is SkyAI dumping $SOL before buyback to save cash? Treasury manipulation?
, $SKYA.US , $ETH
#Solana #SkyAI #Bastion #SOL #CryptoNews#bastionpressesskyaioversolsales