Rocket Companies Inc (RKT)

Financially damaged investors need to make themselves heard so that the SEC can identify them as victims . IMO

The Supreme Court rulings shifted SEC disgorgement powers, reinforcing the old adage, the squeaky wheel gets the oil. IMO

cottonisking Re: cottonisking post #116336 Tuesday, June 09, 2026 5:42:37 AM Post# 116341 of 116343
🐎🐎🐎
How has recent Supreme Court rulings shifted SEC disgorgement powers in a bankruptcy case? June 2026 Supreme Court ruling...

11 sites: In the unanimous June 4, 2026 ruling Sripetch v. Securities and Exchange Commission, the U.S. Supreme Court broadened the SEC's enforcement toolkit by deciding that the agency does not need to prove that investors suffered pecuniary (financial) loss to obtain a disgorgement order. While the case itself stems from civil securities fraud rather than an active bankruptcy proceeding, this expansion of power directly shifts how SEC disgorgement claims will operate alongside or inside a bankruptcy case.

The ruling impacts the legal landscape in the following key ways:
1. Elimination of the "No Harm, No Disgorgement" Defense
The Ruling: Written by Justice Neil Gorsuch, the Court resolved a circuit split by holding that a "victim" status under traditional equity requires only that a defendant interfered with an investor's legally protected interests.
The Measure: The Court affirmed that disgorgement is measured by the wrongdoer's net illicit gains, not by the victim's out-of-pocket financial harm.
Bankruptcy Impact: Fraudulent actors or corporate debtors can no longer argue in court that they shouldn't face SEC disgorgement because their complex schemes or structural collapses left no clearly quantifiable investor losses. The full value of the illicit profits remains on the table.

2. Broadened Claims Against Bankruptcy Estates
Higher Claims In Bankruptcy: Because the SEC no longer faces the high hurdle of totaling up explicit individual financial losses to win a disgorgement order, it can secure massive disgorgement claims much faster.
Competition with Creditors: If a fraudulent entity or individual enters bankruptcy, the SEC can present a finalized, robust disgorgement claim. This injects a substantial government-backed claim into the bankruptcy estate, heavily shifting the pool of assets available and directly competing with other unsecured creditors for distribution.

3. Lingering Unresolved Questions for Bankruptcy Courts
While the SEC won a major victory, Sripetch left open several critical questions that bankruptcy judges will now have to navigate:
The Distribution Issue: Under the landmark 2020 Liu v. SEC decision, equitable disgorgement had to be "awarded for victims." The Sripetch Court declined to decide whether newer statutory revisions (15 U.S.C. § 78u(d)(7)) allow the SEC to skip victim distribution and drop the money directly into the U.S. Treasury.
In a bankruptcy case, if the SEC cannot identify or feasibly distribute funds to specific victims, debtor estates may still challenge the legitimacy of the SEC's claim.
The Jury Trial Threat: In a notable solo concurrence, Justice Clarence Thomas argued that Congress's statutory updates have transformed disgorgement into a "legal remedy" (a penalty/fine) rather than an equitable one. He signaled that under the SEC v. Jarkesy (2024) precedent, defendants should have a Seventh Amendment right to a jury trial. If future litigation adopts this view, it will heavily disrupt how quickly the SEC can liquidate its claims before a bankruptcy distribution takes place.

READ MORE:
Banking and Finance / Lehman Brothers Financial SA (LEHNQ)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=177684963

They are ALL (basically) controlled by ONE person, Dan Gilbert (ie, the Class-L shares):

Holder Class-L Ownership Voting Control Notes
Daniel Gilbert 1.6B+ Class-A-equivalent 76.45% Controls own shares + Jennifer’s + executives’ votes
Jennifer Gilbert 314M 0% (assigned to DG) Irrevocable proxy
DG Trust #1 140M Controlled by DG Trust structure
Other insiders Millions Typically aligned with DG Example: Rizik 6.37M

Anyone else is irrelevant. And you think Dan Gilbert is going to "dump" his shares on the Market, at "depressed" prices? When he's already a Billionaire?

Hi DB4D, Ooooh no I didn’t , I just said F,it 😂 It’s just this whatever it is, it’s still in my accts and under, set it and forget it for a few years 🤞😉😏 THANXS BJ🤬🤬

Gotta go sweat now😉
Have a great day people,GLTA-Ts 🍻😎🇺🇸

you missed the fresh 52 week low on RKT.

Good morning people, FYI, On the move
Chip stocks rebounded early Monday, helping fuel gains in the Nasdaq ahead of the opening bell. The upward surge was led by two stocks—Marvell Technology (MRVL) and Micron (MU)—that took some of the biggest blows Friday. They rose almost 9% and 7%, respectively. Marvell got an additional boost from news it's being added to the S&P 500 Index on June 22.

Nvidia (NVDA) climbed 2.3% ahead of the open. The chip giant announced a partnership with South Korea's SK Hynix in a collaboration that Nvidia said will support "next-generation memory co-development with Nvidia's AI infrastructure roadmap." The agreement is also designed to improve supply for advanced memory.

Corning (GLW) spiked 9% early on news of a multi-billion fiber optic agreement to power Amazon AI data centers in the U.S.

Campbell's (CPB) climbed 1.5% early Monday as earnings slightly beat consensus and revenue met estimates. The company reaffirmed previous guidance, but said organic net sales fell 4%, with meals and beverage net sales and snack net sales falling year over year.

Flex (FLEX), a Singaporean-American multinational manufacturing firm, leaped 4.6% today on news it's being added to the S&P 500 Index.

Bitcoin futures rebounded 5% to above $63,000 in the early going Monday, lifting associated stocks like Strategy (MSTR) and Coinbase (COIN). This could suggest some "risk-on" sentiment returning to the broader market.

The Cboe Volatility Index (VIX), which catapulted more than 20% Friday, eased nearly 13% early today and is back below 19. Anything approaching 20 for VIX suggests heightened uncertainty, but current levels are well above last week's low of under 16. VIX is in contango, meaning futures farther out on the curve are priced above today's spot level, suggesting more uncertain times ahead.

Apple (AAPL) inched up ahead of its Worldwide Developers Conference starting today. There's growing expectation that the company will unveil a wide number of advances in its AI program, including a revamp of Siri. It's Tim Cook's last worldwide conference as Apple CEO.

Healthcare and staples stocks—two areas that went against the grain Friday to advance—went the other direction Monday in a sign that the flight to perceived "safety" in defensive sectors may be fading for the moment.

Technically, now that the 7,500 area—a key pivot point in the S&P 500 Index—has been breached, the 7,330 low from mid-May represents a possible support level. An S&P 500 range that stays between 7,330 and 7,600 can still be read constructively if breadth doesn't deteriorate sharply and dispersion starts to ease. High dispersion means individual stocks are moving more independently of each other and the broader market. The level to watch above now is 7,450, but it might get choppy on the way there.

In what might be a sign that Friday's selling wasn't panicked, market breadth remained relatively orderly, with 54% of S&P 500 shares trading above their 50-day moving average by late in the session and more than 40% of S&P stocks advancing that day. The session didn't see full-on liquidation, but more of a rotation away from tech and into sectors like healthcare that haven't been as closely correlated with the broader market lately.🤔

GLTA-Ts🍻😎🇺🇸

A lot of people own millions of shares and a several of them are actually trustees that are holding shares for the beneficiaries/rightful owners.. Think about that until it sinks in. COULD IT BE THAT.......

If he is buying assets from wamu, then he has a reason.

Wh wait to pick up shares from sellers….there are plenty of shares…..insiders can buy at will…

Because he has Zero Shares of RKT...

"It is being 'shorted' so *Insiders* can 'scoop up' the Cheap shares OR are you saying we could expect these shares will be given to "WamU Escrow-holders for our Assets? "

NEITHER. The theory goes that there's apparently 100's of Millions of Class-L shares that are going to be converted to Class-A shares, AND (this is key) be "dumped" on the market, so folks are selling/shorting now in anticipation of that (and they'll buy the shares back cheaper, post "dump").

The problem I see with that theory is that the person converting / selling the shares is RKT CEO Dan Gilbert, and he has NO reason to dump 100's of Millions of shares on the market, at depressed prices.

So, what are you suggesting? It is being 'shorted' so *Insiders* can 'scoop up' the Cheap shares OR are you saying we could expect these shares will be given to "WamU Escrow-holders for our Assets?

GLTU & GLTA WaMu Escrow-Holders!

I'm "down" from Jan peak over 1/2 a Bingo, but it's all on paper, so...

In my game of "horse shoes" a ringer (Bingo) is $1M, $100k would be 10 lengths of a horse shoe AWAY from the post.

At my age "0's" hardly matter. My bucket list is complete when I finally see the Receivership of WAMU Bank close. BEST OF LUCK TO YOU THAT ARE UNDER the age of 85........I'M NOT LOOKING TO GOOD IN THE LIFE INSURANCE ACTUARIAL TABLES. Sigh!

LOL..IF...yes then you are correct.

JHD

Because if it is a repeat and drops to single digits…..and rises beyond 20…..then it doesn’t matter

Why will it not matter?

JHD

OK..Well of course do not like to hear that.

JHD

Our means of digital Settlement from the FDIC 499 Bil EST IMO The rest will be a merger with JPM and RKT and we will get stock.

"Major Financial Institutions Unveil Bank-Led On-Chain Money Initiative
June 05, 2026
New York – A group of leading banks today announced a landmark digital payments initiative that will connect on-chain activity with traditional payment rails and enable clearing and settlement of tokenized commercial bank money at scale. The solution will combine the existing regulatory, operational, and settlement frameworks of established payment market infrastructure with the programmability and interoperability of blockchain-enabled financial activity.
The initiative will modernize money movement across emerging chain networks and will be operated by The Clearing House, a U.S.-based payments company that provides critical payment networks and is owned by 25 of the nation’s largest financial institutions. The initiative will deliver:

on-chain clearing and settlement of tokenized deposits between banks within the established banking framework, supporting automated workflows, richer transaction data, and 24/7 settlement; and
a connectivity layer linking blockchain-based activity with established fiat rails, such as the RTP® and CHIPS® networks, to facilitate movement between digital and traditional commercial bank money.
 

Tokenized deposits offer the benefits of digital payments, including programmability and interoperability, while preserving the essential role banks play in extending credit and supporting economic growth. This offering supports the growing demand for tokenized deposits by combining the programmability of on-chain money with the trust, settlement certainty, and balance sheet benefits inherent in commercial bank money.
 
“The banking industry has long provided the trusted infrastructure that underpins the movement of money throughout the global economy,” said David Watson, President and Chief Executive Officer of The Clearing House. “The Clearing House is proud to help banks scale on-chain money movement by extending the safety, resiliency, and settlement certainty of regulated bank payment rails.”
 
The solution will be accessible to financial institutions across the United States, enabling banks of all sizes to participate in the emerging global digital payments ecosystem through a modern trusted, and interoperable payment infrastructure.
 
The initiative has broad support from participant banks, including:
 
Mark Monaco, Head of Global Payments Solutions, Bank of America: 
“As a leader in helping clients navigate the evolving digital asset landscape, Bank of America sees significant potential for tokenization, including tokenized deposits, to improve client experiences and outcomes. This initiative brings together the innovation of digital finance with the trust, scale, and settlement certainty of established bank payment infrastructure, creating an important foundation for future growth.”
 
Darrel Hackett, U.S. Chief Executive Officer, BMO Financial Group:
“This initiative is an important step in building a bank-led foundation for digital money movement. At BMO, our approach is use-case-led, focused on developing tokenized deposit capabilities that solve real client needs. This initiative extends those capabilities into a shared clearing and settlement network, enabling seamless, real-time movement of tokenized deposits across institutions while advancing a more integrated, always-on financial ecosystem anchored by regulated banks.”
 
Carolyn Weinberg, Chief Product & Innovation Officer, BNY:
“This initiative is an important example of bank-led innovation helping individuals and companies gain access to a scalable blockchain network and the practical ability to adopt programmable payments. By leveraging existing, trusted infrastructure at scale, we can help shape the future of money movement to be more secure, interoperable, and efficient.”
 
Shahmir Khaliq, Head of Services, Citi:
“At Citi, we are committed to building infrastructure that enables seamless liquidity and payment movement across all markets, asset types, and currencies. The initiative with The Clearing House leverages their central role in the U.S. banking system to bridge traditional and digital networks. With solutions like Citi Token Services now live and at scale, and with tokenized securities rapidly gaining momentum, there is a critical need for The Clearing House to establish clearing infrastructure across member banks for both traditional and tokenized deposits facilitating industry-wide 24/7 and interoperable movement of cash and securities in the future.”
 
Ted Swimmer, Head of Commercial Banking, Citizens Financial Group:
"Tokenized deposits extend the safety of bank deposits into digital environments with the potential for faster, more programmable payments. As use cases evolve, we’re exploring these capabilities and support a bank-led approach to advancing trusted, interoperable digital payments. The Clearing House is uniquely positioned to bridge on-chain innovation with proven payment infrastructure, enabling interoperability and scale across the banking system."
 
Bridgit Chayt, Head of Commercial Payments and Treasury Management, Fifth Third Bank:
"Fifth Third is committed to advancing payment innovation within a framework of trust and regulatory clarity. The Clearing House is uniquely positioned to develop this capability, and we look forward to contributing to its progress."
 
Manish Kohli, Head of Global Payments Solutions, HSBC:
“At HSBC, we’re advancing tokenisation across multiple markets globally through our Tokenised Deposit Service, enabling 24/7, compliant, API-enabled movement of commercial bank money and supporting interoperability across networks. This initiative is an important step towards scaling tokenised deposits by connecting on-chain activity with established payment rails and enabling interbank clearing and settlement within the regulated banking frameworks, bringing programmability and richer data together with the trust and settlement certainty of commercial bank money.”
 
Zachary Wasserman, Chief Financial Officer, The Huntington National Bank:
“This initiative highlights the power of banks working together to shape the future of digital payments while building on the strength of the existing banking system. By collaborating to establish common standards and shared infrastructure, we can unlock innovative, secure, and scalable capabilities that ultimately deliver greater value for our customers.”
 
Max Neukirchen, Global Co-Head of J.P. Morgan Payments:
“We’re committed to advancing digital commercial payments. A regulated market-infrastructure solution for clearing and settling tokenized deposits – built on the same proven principles as core payment settlement – is essential to keeping the payments ecosystem stable, resilient, and effective. This institutional solution will be a key building block for scaling on-chain payments and accelerating the momentum we’re seeing with our clients.”
 
Ken Gavrity, Head of Commercial Banking, KeyBank:
“Key has a long history of contributing to innovation in the payments industry, and we believe the future of money movement will be defined by continued collaboration across the banking sector. This initiative represents an important step in connecting emerging on-chain capabilities with established payment infrastructure. We look forward to seeing this work advance and to the opportunity to help support the evolution of payments in a way that is secure, scalable, and grounded in the strength of the banking system.”
 
Emma Loftus, Head of Treasury Management, PNC Bank:
“This initiative represents an important step forward in how banks can deliver modern, secure payment capabilities for our clients. By bringing together the strength of established payment infrastructure with emerging on-chain technology, we can help advance trusted digital assets and enable more efficient, programmable payments. We’re proud to collaborate with The Clearing House and industry peers to help shape the future of bank-led innovation in this space.”
 
Dan Massey, Chief Enterprise Operations and Technology Officer, Regions Bank:
“Regions Bank is consistently exploring and developing innovative ways to improve the speed, efficiency, and resiliency of money movement. We believe industry collaboration is essential to advancing tokenized deposit capabilities. As a result of this initiative, banks will be better positioned to support emerging customer needs while maintaining the safety, trust, and regulatory framework that underpin the U.S. banking system. Our participation reflects a commitment to innovation in shaping the future of secure digital payments.”
 
José Luis Calderón, CEO of Getnet Platforms, a Santander company:
“Santander supports this initiative as a pragmatic step toward the evolution of next-generation payment rails. As the industry moves toward more digital and programmable forms of value, it is essential to bridge on-chain capabilities with existing financial infrastructure. Initiatives like this can play an important role in enabling interoperability, scalability, and real-world adoption, helping the ecosystem evolve in line with broader developments across markets.”
  
Leo Salom, President and Chief Executive Officer, TD Bank U.S.:
"The Clearing House’s work to establish a scalable, interoperable tokenized deposit framework helps lay the foundation for the next generation of financial market infrastructure, while maintaining the trust, safety, and regulatory rigor that define the banking ecosystem. We are encouraged by the collaborative, industry-led approach The Clearing House is taking to build interoperable capabilities that can scale across financial institutions. As this infrastructure evolves, we believe it can play a meaningful role in enabling efficient liquidity management to more seamless commercial payments and cross-border transactions for our clients.”
 
Chris Ward, Head of Enterprise Payments, Truist:
“As on-chain payments and tokenized deposits scale, they will be grounded in the same principles of trusted clearing and settlement that clients rely on. Payments run on trust — a strong set of operating rules, consistent and predictable ways transactions clear, and the liquidity and infrastructure behind them. That foundation, in place since The Clearing House was established in 1853, enables a robust, reliable, and interoperable system. This initiative builds on those principles — connecting programmable technology with bank-led standards in on-chain environments to enable tokenized deposits at scale and deliver practical benefits to participants. That’s how we move payments forward — extending trusted infrastructure into what comes next.”
 
Dominic Venturo, Senior Executive Vice President, Chief Digital Officer, U.S. Bank:
“U.S. Bank has long been committed to advancing the future of payments, and we see significant potential in connecting the digital asset ecosystem with trusted banking infrastructure. With the secure and scalable payment rails provided by The Clearing House, this initiative will help build the connectivity needed to support digital money movement innovation.”
 
Mike Santomassimo, Chief Financial Officer, Wells Fargo:
“Connecting the innovation of blockchain with established banking infrastructure is essential to scaling digital payments responsibly. Participating in this initiative boosts Wells Fargo’s ability to give our payments clients the benefits of blockchain along with the trust and stability expected from banks.”
  
The initiative supports a broad range of use cases, including programmable treasury operations, real-time liquidity management, cross-border payments, agentic commerce applications, digital asset settlement, and automated financial workflows.
 
Participating financial institutions and The Clearing House will continue working collaboratively with industry stakeholders to explore future interoperability standards, implementation approaches, and use cases supporting the evolution of trusted digital financial infrastructure.

About The Clearing House
The Clearing House operates U.S-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image, and real-time payments. It is the nation's most experienced payments company, with a long track record of providing secure and reliable systems, payments innovation, and strategic thought leadership to financial institutions. In 2017, The Clearing House revolutionized U.S. payments by introducing the RTP® network, which supports the immediate clearing and settlement of payments, along with the ability to exchange related payment information across the same secure channel. These RTP capabilities enable all financial institutions to offer safer, faster, and smarter digital transaction services for their corporate and retail customers. Learn more at www.theclearinghouse.org.
 
Media Contacts:
Greg MacSweeney
The Clearing House
Gregory.MacSweeney@theclearinghouse.org

AI may also be a game changer for financial services companies. Rocket Mortgage claims to save an estimated over 1.1 million labor hours per year by its use of AI, speeding up such tasks as document classification and income, asset and property verification.

https://www.forbes.com/councils/forbesfinancecouncil/2026/03/16/investors-should-consider-both-opportunities-and-threats-posed-by-ai/

From just under 6 to over 200+……..can that repeat……we have a better chance that a us getting a distribution for our old escrows\equity….

https://www.realclearmarkets.com/articles/2026/06/08/the_technological_transformation_in_financial_services_is_unfolding_in_detroit_1187392.html

Again AH volume is high, 4M+ shares, BUT zero price movement. LOL....

a) What's the proof that this is a major shorting event?

b) what's a "Bingo"? 1M or 100k?

Bban, most of us recall receiving our COOP shares that were valued at $18.00, shortly thereafter we were shorted below $7.00. How long did it take to get to $50.00? Unfortunatly many sold or had margins called and lost their positions. I WAS FORCED TO SELL ABOUT 10% of my shares to survive at the time. THAT SELL COST ME OVER 1 BINGO. This is the third major shorting event. IMO THE REASON WILL BECOME APPARENT SHORTLY...3-4 WEEKS.

I pray for a gust of wind to fill our sails and take us to the promised land!

Ok. The anti-dilution clause for Class-L shares is real:

" Anti-Dilution Mechanism: When RKT issued new Class A shares to acquire Redfin and COOP, the voting power per Class L share adjusted to prevent their control from slipping below 79%. Dan Gilbert (the primary insider) designed this specifically to retain corporate control. "

BUT that means that even IF the L-1 tranche of shares CAN be converted to Class A, come June 30th, it makes NO SENSE that Dan Gilbert, as the CONTROLLING SHAREHOLDER, would do so unless he wanted to lose control of RKT (by giving Class A shareholders a bigger say than they currently have), without the "reason" of being able to be eligible for a S&P 500 listing.

Why not below 6.00……it will not matter……

a) Timeline "error", um, NO.

While the Redfin and COOP deals were *announced* in March '25, they were not executed (ie, new shares issued) till July and Oct 1 respectively.

The Up-C conversion was PART of the announcement of the Redfin deal, specifically to allow for future acquisitions (ie, COOP, announced later that month).

"* Variable Voting Rights: According to Rocket's official SEC filings (8-K), Class L shares are designed to dynamically adjust their votes per share to ensure they maintain exactly 79% of the total voting power.
* Anti-Dilution Mechanism: When RKT issued new Class A shares to acquire Redfin and COOP, the voting power per Class L share adjusted to prevent their control from slipping below 79%. Dan Gilbert (the primary insider) designed this specifically to retain corporate control. "

THIS I did not know/see before. IF the Class-L shares do indeed have variable voting rights, to adjust to that 79% level, then they have not converted with COOP.

8’s, right where JD offered in the first place. 

The forum post by "Boston-Bets" makes no mathematical or chronological sense. It contains fundamental misconceptions about the restructuring of Rocket Companies (NYSE: RKT).
The claim that Class L shares already converted automatically last year is completely incorrect.
------------------------------
## 1. The Timeline Error
The user confuses the sequence and status of the Redfin and Mr. Cooper (COOP) acquisitions:

* The Reality: Rocket Companies announced its plans to acquire Redfin in March 2025 and Mr. Cooper (COOP) in March 2025.
* The Redfin deal closed in July 2025, and the COOP deal closed in October 2025.
* The Contradiction: The Class L shares were only created on June 30, 2025, as part of the "Up-C Collapse" structural simplification. They did not exist prior to these events, meaning past acquisitions could not have triggered an early conversion.

------------------------------
## 2. The Mathematical Error (The 79% Voting Rule)
The post claims the COOP acquisition diluted Class L voting rights below 79%, triggering an automatic conversion. This is a misunderstanding of how the share class is structured:

* Variable Voting Rights: According to Rocket's official SEC filings (8-K), Class L shares are designed to dynamically adjust their votes per share to ensure they maintain exactly 79% of the total voting power.
* Anti-Dilution Mechanism: When RKT issued new Class A shares to acquire Redfin and COOP, the voting power per Class L share adjusted to prevent their control from slipping below 79%. Dan Gilbert (the primary insider) designed this specifically to retain corporate control.
* The Real Trigger: Automatic conversion only happens on the later of June 30, 2027, OR when Class L holders voluntarily dispose of enough shares that they naturally fall below the 79% threshold.

------------------------------
## 3. Why Did the Stock Actually Drop? (The Supply Overhang)
The user claims the price fell because a conversion already happened. In reality, the stock has faced pressure due to an anticipated future supply overhang, not a past conversion:

| Share Class | Voluntary Conversion Start Date (Class L to Class A) | Market Impact |
|---|---|---|
| Class L-1 | After June 30, 2026 | Current Risk: This lock-up period is expiring at the end of this month. The market is pricing in the potential flood of new Class A shares now. |
| Class L-2 | After June 30, 2027 | Future Risk: The second tranche becomes convertible next year. |

The price dropped because the market is forward-looking. Investors know that starting July 2026, Class L-1 holders can finally convert and dump shares onto the open market. No "secret automatic conversion" took place last year.
------------------------------
Would you like me to look up the exact insider voting power breakdown following the Up-C collapse, or are you interested in the latest analyst price targets for RKT following the Redfin and COOP integrations?

I think Class L already converted, when COOP did. See:

Class L-1 Conversion: Holders may convert to Class A on a one-for-one basis after June 30, 2026.
Class L-2 Conversion: Holders may convert to Class A on a one-for-one basis after June 30, 2027.
Automatic Conversion: All Class L shares automatically convert to Class A upon the later of June 30, 2027, or when Class L shares no longer represent 79% of total voting power.

Here's the Math: Original RKT float was 10% of the company. Insiders held 90%+
Redfin acquisition brought the Up-C conversion, and 10% of the company to Redfin shareholders. Insiders still held 80%+

BUT then the COOP acquisition gave 30% of the company in newly issued RKT shares to COOP holders. Class - L shares no longer represented 79% of voting rights.

THAT'S why the RKT share price dropped post conversion last year, since all those Class L shares were now available to the market as Class A shares, even if they were not sold.

Am I wrong?

I guess because they want to preserve an honest reporting reputation.
You know the good and the bad about housing

split it aint pretty as it got real ugerly late in the day as it was neck and neck buy versus sell all day

Buy: 3,724,182 Neutral: 7,374,990 Sell: 10,181,529

I hope you'll realize that all the " RECENT RKT NEWS" negative news we are bombarded with from Business News i s furnished by our own Redfin.

NOW, WHY WOULD IT BE THAT OUR OWN COMPANY IS SINKING THIER OWN BOAT?

PUT THAT IN YOUR PIPE AND SMOKE IT!

The pps drop is no/ or should be no surprise here they can take it anywhere they want to👀🤔😏😏
THANXS BJ🤬🤬🤬

Have a great evening people-Ts🍻😎🇺🇸

Interesting. I hadn't thought of that....

The Expiration of the Class L-1 Lockup (The Immediate Catalyst)

The most pressing issue driving the current drop toward 52-week lows is an upcoming deadline on June 30.

Restrictions on a specific class of shares (Class L-1) are set to expire.

Once those restrictions lift, these shares can be converted into standard Class A common shares and sold on the open market.

This creates a looming share supply overhang. Even if the owners of those shares don’t sell, the mere threat of millions of new shares flooding the market makes investors nervous, causing them to front-run the date by selling now.

My guess is that we're back to where we were a year ago (even though interest rates are almost 1% lower), and RKT's going to have to show that it can keep getting more and more profitable, thru "Synergies" and not be as "Rate Cut Dependent" as it was before Redfin and COOP acquisitions.

The negativity on this board is representation of these various entities that are gobbling up cheap shares. We will see in a moment what the total is.

ALL I CAN SAY IS WOW !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Buy: 2,834,396 Neutral: 5,329,622 Sell: 2,884,770

I don't think so, but I have noo idea.

The Market Makers seem to be able to drop the price on very low volumes, but then that also gives folks an opportunity to further load up at amazingly low prices on shares AND on Options.

One way or the other, folks need housing, and RKT's the leader (and the low cost leader)

I was just about to post that it is looking that way to me......................

So are we heading to 11’s now?

JHD

Another prairie pancake day. Coiled but no recoil. ‘Trump time’ taking effect as announced by many here 6 months ago? RKT PPS is about as resilient as his Depends diapers

PS, extremely low volume, only 10M, as of 335p ET today, yet still 3.5% down....

Interesting to see the price of RKT today, hit 52 week lows. I guess folks are fearful of the Fed raising rates, which would matter if this were the old RKT, but it's not.

I guess we'll have to wait for Q2 Earnings, late July/early Aug, to see how that turns out (assuming that there's no end to the Iran war by then).

RKT ACTIVITY EXPLAINED...OBVIOUSLY MANIPULATED, PERCEIVED DILUTION DUE 16B + AUTHORIZED SHARES

1) RKT revaluing shares much lower due to real DILUTION WITHOUT ADDED VALUE

2) CALL this the "L" Shares Factor

3) When the real and actual owners are identified via a filing between 6/30/2026 and 7/15/2026, there MAY be a positive surprise

4) There also MAY BE ADDED VALUE during this time frame, revaluing RKT to its rightful equity price

5) This may be the time for believers to add and non-believers to DUMP

6) Remember, I told everyone here about the potential massive dilution when RKT UPDATED their outstanding shares they buried in with the RKT 8K approval on 10/01/2025, so here is your tip or warning again

...

Rocket Companies (RKT) Institutional Tracking Summary:

* Institutional Buyers: 566 funds vs. Institutional Sellers: 148 funds
* Total Institutional Capital Inflow: $7.45 Billion
* Total Institutional Capital Outflow: $644.97 Million
* Capital Ratio: Over $11 of institutional cash is flowing in for every $1 flowing out.
* Major Funds Accumulating Shares: Vanguard, BlackRock, Third Point (Dan Loeb), ValueAct Holdings, Slate Path Capital, Atreides, and Soros Fund Management.
* Q1 Financial Turnaround: Total revenue surged to $2.94 Billion (up from $1.1 Billion year-over-year), swinging the company into a $297 Million GAAP profit on $44.7 Billion in quarterly loan volume.

I said "once the housing cycle turns". When the market thinks this is the case, there will only be one direction for RKT. As long as this is NOT the case, I will keep on adding RKT.

It's not going to go to $20 "in a blink", let alone $30.

$20 by EOY, and $30 by end of '27, likely, if the Iran war situation gets resolved.

Maybe it will go back down….we shall see…but it will go back to 20 and above…..

they are deff staying true to form on the trades today

Buy: 1,624,694 Neutral: 3,365,294 Sell: 1,586,644

SO I am suggesting the actual buys are over 5 mill compared to 1.6 mill in sells