[U] Another Formerly Large Individual Riot Holder… Is Mostly All-Out, As Of Year End 2017.

Mark Groussman — as late as October 10, 2017 — owned nearly six per cent of Riot. He held just under 400,000 shares, personally (when included with holdings through his affiliated entities — and retirement accounts).

This evening, he disclosed via a sworn SEC Schedule 13 amendment, that not only is he below five per cent — but he only holds around 188,000 shares — which, given the now highly-dilutive offerings, since October 2017, place him below 1.7 per cent, of outstandings.

Now you know — [this looks much like the Peierls family story, but of a more recent vintage, in terms of both getting in — and getting (mostly)… out].

Finally, I should mention that Mr. Groussman’s affiliated retirement accounts appear to be part of the investor group joining CEO John O’Rourke, in the federal suit against MGT and John McAfee, in New York for contract breaches, related to another… investment that they all made. [Updated 03.20.2018 — That MGT lawsuit has survived a motion to dismiss (21 page opinion here), going forward now as an unjust enrichment claim.]

And so, this break from Mr. O’Rourke could be significant.

Do be careful out there.

In any event, there are lots of day traders now making moves (and burning the little guys)…