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![JoshCrumb Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::2396670744.png) Josh Crumb 🆔++ [@JoshCrumb](/creator/twitter/JoshCrumb) on x 20.3K followers
Created: 2025-07-14 00:41:51 UTC

We already had a major trading house and a Chinese buyer use our reference price.  More signals should be coming this quarter and next.  But frankly we’re not really that focused on PRs for external equity market validation (it’s pricing basically no probability of success but I don’t think that changes in a broad sense until volumes pick up — the key thing is that some core institutional shareholders get it and dilution/funding risk should be less than in the past now). …We know how far ahead of the competition we are and confident in the execution path ahead to win the market, no reason to lay out every detail of the road map for would-be competitors (who already watch us closer than any buyside or sellside analysts).  This will be a niche “special situation” until it’s not, even though we continue to nail products and macro, and attract world class investors (just not that breadth of investors just yet).


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944557922077560979/c:line.svg)

**Related Topics**
[primary market](/topic/primary-market)
[stocks](/topic/stocks)
[signals](/topic/signals)

[Post Link](https://x.com/JoshCrumb/status/1944557922077560979)

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

JoshCrumb Avatar Josh Crumb 🆔++ @JoshCrumb on x 20.3K followers Created: 2025-07-14 00:41:51 UTC

We already had a major trading house and a Chinese buyer use our reference price. More signals should be coming this quarter and next. But frankly we’re not really that focused on PRs for external equity market validation (it’s pricing basically no probability of success but I don’t think that changes in a broad sense until volumes pick up — the key thing is that some core institutional shareholders get it and dilution/funding risk should be less than in the past now). …We know how far ahead of the competition we are and confident in the execution path ahead to win the market, no reason to lay out every detail of the road map for would-be competitors (who already watch us closer than any buyside or sellside analysts). This will be a niche “special situation” until it’s not, even though we continue to nail products and macro, and attract world class investors (just not that breadth of investors just yet).

XXX engagements

Engagements Line Chart

Related Topics primary market stocks signals

Post Link

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