Bubblemart's response level reduction clarification: not voluntary reduction
On 5 August, Hong Kong Zhi disclosed a change of interest: Yuming Ping, through H&H International Investment, held a bubble-martite silo, which fell from 7.65 per cent to 5.55 per cent on 30 July, a 2.1 percentage point decrease. The subtlety of the message is the point of time - on July 23, Dingping just responded to investors on the platform: "Bubble Matt I just started buying! I guess it won't sell in 10 years." Only a week later, however, the levelling of the hold had been reduced by more than 2 percentage points. For its part, Bubble Matt stated to journalists that the current decline in shareholding was not a direct sale to the secondary market, but rather the performance of the option contract and the delivery of the corresponding shares as agreed in the transaction. A capital market analyst further explained that the change in shareholding was closely related to the price zone he had set when he had sold Put and Call, “mainly a narrow price zone setting, a short-term transaction and not a positive reduction at the level of public understanding”. This points to a marked “right-to-leave” strategy of perpetuity, holding a positive share while selling a right-to-be, when the equity price touches the right-to-barrel, and delivering or receiving shares passively. In the light of the recent movement of Bubble Matt, the release increased significantly by more than 6 per cent on 16 July; after a one-time run-off to HK$ 172.4 on 30 July (discussion date), the stock price went down. On 5 August, HK$161.4 was collected, which is lower than the historical high of HK$337.08, with a total market value of approximately HK$21.49 billion and a rolling market gain of 15.2 times, and a relatively flat market response. (Daily economic news)
