Last night Dhiraj Mallick, the chief operating officer of Cerebras sold $78 million dollars worth of Cerebras stock.
This would leave him with absolutely ZERO stake in the company, which is odd for a COO. This also happened right after OpenAI’s devday announced GPT6 ultrafast which was reported by SemiAnalysis to NOT use Cerebras Wafer Scale Engines !!!
This could be a signal that Mr. Mallick has lost confidence in the company and spell more trouble to come for Cerebras !!!
Last March, $IMMX 's management team and board hired a new chief medical officer who was living under a fake name after spending 20 years as a fugitive following a conviction for sexual assault.
Yesterday, the same Immix executives turned a positive study readout into an 8% drop in the stock price because of a clumsy financing and an amateur-hour conference call.
See a pattern here?