IN RE January 2021 Short Squeeze Trading Litigation — Decision, Doc. 567-67

Summary

Document 567-67 in Case 1:21-md-02989-CMA (In re January 2021 Short Squeeze Trading Litigation), entered on the FLSD docket on June 7, 2023, is Exhibit 67: a chat log dated January 28, 2021. Writing to Gretchen Howard at 12:22, the sender says that day's sev response was frustrating and that companies sometimes do not recover from events like this. The writer asks for trading in these securities to be brought back as soon as possible, or else for a blog post that would fully lay out the company's cards, and forwards a view that customers lacked accurate information. Gretchen Howard answers that the blog post is written and awaiting approval and that the company is removing PCOs and applying contract limits, then offers to call after a board meeting. The chat pages are stamped RHMDL00005649 and RHMDL00005650.

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Case 1:21-md-02989-CMA Document 567-67 Entered on FLSD Docket 06/07/2023 Page 1 of 3




                                Exhibit 67
Case 1:21-md-02989-CMA Document 559-27
                                567-67 Entered on FLSD Docket 04/28/2023
                                                              06/07/2023 Page 2 of 3




     DF3BR9CLU: 01/28/2021

     01/28/2021 12:22:24

        Hi Gretchen, I know you are probably fully on top of this but I have been a part of many many sevs here
        including 12/12, 12/13, 3/2, etc but somehow I feel very frustrated with our sev response today.
        Sometimes companies don't recover from things like this. (Think of something like #delete-uber
        campaign).




     01/28/2021 12:22:37

        I understand the reasoning and agree that we had to PCO earlier today. that decision is fine.




     01/28/2021 12:22:54

        But there are two things we ought to be doing but not sure where we are with them:




     01/28/2021 12:23:24
                                                                                                             (Edited)
          1. We should be trying to bring back trading in these securities like other companies asap. My
             understanding is that a lot of people worked very hard to try and bring them back but it was a no
             go.

          Original

            1. We should be trying to bring back trading in these securities like other people. My
               understanding is that a lot of people worked very hard to try and bring them back but it was a no
               go.




     01/28/2021 12:24:04

          2. If we cannot do that, we must write a very clear blog post explaining what exactly happened today.
             Personally, I think we should fully lay out our cards. Nothing short of that would do.




     01/28/2021 12:24:19

        My slack is full of messages like this:




     01/28/2021 12:24:34




                                                                                                              RHMDL00005649
Case 1:21-md-02989-CMA Document 559-27
                                567-67 Entered on FLSD Docket 04/28/2023
                                                              06/07/2023 Page 3 of 3

            Going to echo this to you because i think it would be worth a consideration: I think Vlad should write a blog
            post to address what has went on, there's an opportunity here for our customers to feel sympathy for us
            rather than attack us
            A lot of the hate we are getting is because nobody has accurate information about what's happening behind
            the scenes, and I don't see any reason why they shouldn't know




     01/28/2021 12:25:14

        Our decision making seems to have sysmetically become too conservative/risk-averse but thats
        probably a conversation for some other day.


     Gretchen Howard

     01/28/2021 12:25:39

        blog post is written and smedley is just waiting on approval


     Gretchen Howard

     01/28/2021 12:26:01

        on <#CPCTVCD2M 11 > that's not exactly true. we are doing everything we can to remove PCOs asap
        and applying contract limits


     Gretchen Howard

     01/28/2021 12:26:20

        I am in a meeting with the board but happy to call you afterwards if helpful


     Gretchen Howard

     01/28/2021 12:26:24

        sorry for the short answers




     01/28/2021 12:26:49

        no worries. On <#CPCTVCD2Ml1 >, it would have been nice if we could have brought them back today
        but sounds like that would not be possible.




     01/28/2021 12:26:56

        nvm, we can chat later after the board meeting


     Gretchen Howard

     01/28/2021 12:27:17

        I can give you more context live on <#CPCTVCD2Ml1 >




                                                                                                                      RHMDL00005650


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