Otis

Otis assets are now trading on Public! You can now invest in shares of alts—from fine art to collectibles—and manage your investments right alongside your stocks, crypto, and ETFs.

Interested in helping the @public Alts team (formerly the Otis team) bring alts to the masses? We're hiring! boards.greenhouse.io/public/jobs/52…

@spikeballchris @ShaneMac Sorry for any confusion! Here's an article we put up going through the details of the integration as well as which assets are being sold, which migrated to Public, etc. Please direct any further q's to support@otiswealth.com or shoot us a DM. withotis.com/mag/updates-on…

@ShaneMac @withotis I’m still not clear on what is happening with my shares. Very murky communication

Getting my money back from @withotis has been the worst experience I've ever had with a tech product probably. Crazy cuz a couple years ago I was really excited by the idea of secondary markets and collectibles. So many risks in investing in a model like this.

@ShaneMac Hey Shane! We are sorry to hear of your troubles, if you could DM the email associated with your Otis account we would be happy to assist.

@mediummic @MTTrading2 While we're working through the details (and the filing is still pending approval) there's nothing in the structure of this merged offering that would prohibit the sale of individual sneakers – with the proceeds either re-invested or distributed to shareholders. More to come!

@MTTrading2 It would be cool if they allow individual shoes to be sold and then payouts to the shareholders. Any chance this how it will be handled since the collection will be so large? @withotis

Otis merging all of their sneaker assets into a single collection. Lol.

@stanholtsclaw @SchuckTales @public For those with existing Public accounts, their migrating Otis holdings will be matched to their account in the same way as for new Public users. Exact details on process and specific dates to follow, but rest assured your holdings will transfer over.

@SchuckTales @withotis @public Hmm, I don’t see any mention of the process if you already have an active @public account? Fortunately I only have 2 assets - one is migrating and the other is going to auction. Going to be interesting to see what my eventual gain/loss is from this process.

I have fourteen @withotis assets. Seven are migrating to @public. Five are being sold, one through a 'private sale'. Two are missing from the list. An email has been sent asking for a status on those two.

@EpiktetosR @SchuckTales @public Quick clarification on “private sales”. No assets have yet been sold privately. However, from surveying the auction landscape, we believe private sale to be the best path for the specific asset. If we are unable to secure a strong offer though, auction remains an option.

@SchuckTales @withotis @public It's a confusing list to say the least. Although I'm not a holder, I have an issue with the "private sales". You'd think with the platform still active, those would need to go through a process similar to a buyout. This means they negotiated a sale without shareholder input.

hugely HUGELY Disappointed in @withotis and @public for failing it’s many investors. Way too many items are going to auction and not transitioning to the new platform.

🚨 BUYOUT OFFER REJECTED 91.3% of share votes voted to decline the buyout on Chromie Squiggle #524. The offer was for $11,655 & based on shareholder feedback has now been rejected. The asset will re-open for trading tomorrow (6/8/22) at 10:30AM ET.

While this offer will likely represent a negative return for many investors, given the ongoing volatility in the NFT market, we wanted to let shareholders decide. Trading has been halted pending investor feedback. Shareholders will have until Monday, June 6th at 2pm ET.

📢 Buyout Offer Received 📢 We received an offer of $11,655 for Chromie Squiggle #524. This offer would net investors $.46/ share. This would represent a 54% loss vs. the IPO price and a 34.3% loss vs. last traded price. For more information: withotis.com/mag/buyout-off…

@EpiktetosR Hey There! We would happy to look into this for you. Would you mind DM us the email associated with your account?

Anyone else having issues trading @withotis

🚨 BUYOUT ACCEPTED 96.9% of share votes voted to accept the buyout on Avengers #1 The offer was for $200,000 & based on shareholder feedback has been accepted. This offer nets investors $100/ share, a 100% gain from the drop value & a 33% gain from the last traded price.

@mediummic Coming today!

@withotis Any chance we find out the vote outcome today?

📢 Buyout Offer Received 📢 We received an offer of $200,000 for the Avengers #1 comic book This offer would net investors $100/ share. This is a 100% gain from the drop value & a 33% gain from the last traded price.

This offer will net investors $27.40 / share. That is a 174% gain from the drop value of $10.00 / share and a 40.8% gain from the last traded price of $19.45 / share.

🚨 BUYOUT ACCEPTED! 90.4% of share votes voted to accept the buyout on Daredevil #1. The offer was for $140,000 & based on shareholder feedback has now been accepted.

@AltAssetInfo Hi! Thanks for the shoutout! Our buyout offers always give shareholders 72 hours to provide feedback. The voting window for Daredevil #1 will end today at 5 PM and we'll announce results on Monday.

Daily Fractional Recap 4-28 Shoe sellout Mahomes IPO T Woods BGS 10 Dibbs/Otis updates fractionalinvestingdaily.substack.com/p/daily-fracti…

Trading has been halted pending investor feedback & shareholders will have until Friday, April 29th at 5pm ET.

📢 Buyout Offer Received 📢 We received an offer of $140,000 for the Daredevil #1 This offer would net investors $27.40/ share. This is a 174% gain from the drop value of $51,100 & a 40.8% gain from the last traded price.