Sanrith Descartes
You have insufficient privileges to reply here.
- 46,734
- 131,308
Investing General Discussion
- Thread starter Furious
- Start date
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,734
- 131,308
I think that the biggest hurdle to autonomous driving is going to be insurance premiums. They are going to be insane."woman"
Grand jury indicts woman behind wheel of self-driving Uber that killed woman in Tempe
She was charged with one count of negligent homicide.www.azfamily.com
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,734
- 131,308
GOOG and FB about to get boned and AAPL and AMZN in the crosshairs. I wonder why they all want a change in the WH and AG?
www.marketwatch.com
Facebook stock falls after report of potential for FTC antitrust lawsuit this year
Facebook Inc. undefined shares fell 3% in after-hours trading Tuesday after a report that the Federal Trade Commission is preparing to file an antitrust...
www.marketwatch.com
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,734
- 131,308
$9 for warrants with a $23 strike. So $32 break even price. Clown world. God I love the market and my Robinhood pals.
SeanDoe1z1
Avatar of War Slayer
- 7,348
- 18,908
Cutting the FDX run tomorrow at open because I am going to be preoccupied and was happy to hold through earnings on this particular swing.
LachiusTZ
Rogue Deathwalker Box
- 14,472
- 27,162
Borzak
Silver Baron of the Realm
- 26,571
- 35,354
Highly volatile. It's either boom or bust. Very tied to the political winds and the boom now is partly due to the riots. In the last 5 years or so a lot of companies have changed hands.
TJT
Mr. Poopybutthole
- 44,084
- 115,440
That's reality for all IPOs though. Startups like Snowflake are not even 10 years old. The first 10-50 employees get supreme stock equity deals.
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,734
- 131,308
SNOW looks to begin trading at $120, 50% above The IPO price. Good luck y'all.
PLTR Looks like it is going to hit the market at $11.50
PLTR Looks like it is going to hit the market at $11.50
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,734
- 131,308
So warrants are basically stock options. The warrant give you the "right to buy" stock (1 for 1, warrant for share) at a set price. For most SPACS this price is $11.50 but since PSTH is oversized (double) the warrant exchange strike price is $23. So, not matter what price the stock is actually trading at, if the warrant gets exercised the buyer pays $23 and owns a share of stock. This is only profitable if the current stock price is > the strike ($23) + the price you paid for the warrant. Otherwise you are losing money. Now with SPACS, if you get in early you buy units which include both shares and fractions of warrants. IF you choose to buy warrants standalone (PSTHWS) then the price you pay has to be added to the strike of $23 to be profitable.
Example 1: You bought 54 shares of PSTH.UT and when it closed you got 54 shares of PSTH (stock) and 9 shares of PSTHWS (warrants). a year from now the merged company (whatever it turns out to be) is trading at $50 a share. You exercise your 9 warrants and pay the strike of $23 and you now own 9 shares of the company valued at $50 for the cost of $23. Insta-profit of $27.
Example 2: You buy 100 warrants (PSTHWS) at $8 a share. A year from now the merged company is trading at $36. You exercise your 100 warrants and pay the strike of $23 per share and get 100 shares of the company trading at $36. You now own 100 shares of the company valued at $36 for the cost of $$31 (8 for the warrants and 23 for the strike) so you profit $5 per share. Basically buying warrants increases the price the stock has to be for you to be profitable.
So people like me who bought warrants on day 1 are betting the stock price of the merged company will exceed the price of the warrants and the strike. in my case I paid about $6.50 for the warrants so I am betting the stock price exceeds $29.50 at some point. So why not just buy the stock? Because if the company tanks and the stock never takes off I am out $6.5 for the warrants vs buying shares at $22. If the company stock gets below $16 I have lost more than I can max lose buying warrants.
Also - You can choose to sell the warrants if the price takes off instead of exercising them. If you own 1000 warrants and exercise, that costs $23,000 to execute. Instead of doing that you can just sell the warrants to someone else. Lets say the stock is at $36 in the previous example. The warrants are probably selling for slightly less than actual so lets say the warrants are selling for $12. You sell me the warrants for $12,000 (profit of $4,000) and I can then execute them for $23,000 and then sell the stock for ($36,000) for a profit of $1,000. Not a lot but I have zero risk buying for $35 and insta-selling for $36. Or I think the stock is about to go up so I buy the warrants instead of stock just in case I am wrong and my at risk money is lower.
Make sense?
Furry
Email Loading Please Wait
- 23,424
- 31,272
Thoughts?
Things like IPOs go through cycles. You'll get a few years where they're red hot and then a few years where they are duds. Probably not a bad investment as long as you are conscious of the cycle.
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,734
- 131,308
They wont let a market order go when there is no bid/ask and the spread can be infinite. You have to price it as best you are willing to pay and hope you get lucky. They "should" process orders in the order they are placed. "Should".
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,734
- 131,308
Forgot to quote
LachiusTZ
on the IPO ETF. The issue is a lot of IPOs are poop. We tend to halo-effect the really good ones and forget all the poop.
Cloudera was a "super hot" big data IPO. Here is its chart from IPO day to today.
Remember Blue Apron? It couldnt even make a run up with Coronachan keeping everyone at home. It spiked for like a week or two and then back in the toilet.
LachiusTZ
on the IPO ETF. The issue is a lot of IPOs are poop. We tend to halo-effect the really good ones and forget all the poop.Cloudera was a "super hot" big data IPO. Here is its chart from IPO day to today.
Remember Blue Apron? It couldnt even make a run up with Coronachan keeping everyone at home. It spiked for like a week or two and then back in the toilet.
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,734
- 131,308
GM
(Reuters) - General Motors Co(GM) is set to announce plans on Wednesday to put into production an interchangeable "family" of electric vehicle (EV) drive systems and motors, boosting manufacturing efficiencies as it transitions to a fully electric lineup.
The move, which follows earlier GM initiatives on next-generation batteries, comes as the Detroit automaker looks to build a vertically integrated electric car business, comparable to Tesla , inside its ongoing operations.
According to a GM media release viewed by Reuters, the automaker is set to announce that it has designed and plans to produce on its own five interchangeable drive units and three motors, which it calls the "Ultium Drive" system.
GM said its new electric drive systems, sometimes referred to as e-axles in the industry, will have a versatile enough power output to allow them to be used with vehicles ranging from beefy pickup trucks to performance vehicles.
GM already has some EV partnerships, such as with truck startup Nikola Corp , but has chosen here to design its own e-drive technology, rather than buy from suppliers that might be able to offer greater scale and lower cost.
Adam Kwiatkowski, GM's executive chief engineer for global electrical propulsion, said that by designing its own e-axles, GM could better integrate them with an EV's battery and the rest of the car. E-axles combine gear, motor and power electronics into a single system and help convert the electricity from batteries efficiently to propel the vehicle.
GM "designed these drive units simultaneously with a full gambit of electric vehicles that fill out our portfolio," Kwiatkowski told Reuters in an interview last week.
"They become synergistic and make them a really efficient package that's good for the performance of the vehicle, good for driving customer enthusiasm, and most importantly it's good for cost efficiency," he said.
The new self-designed technology means "more of the battery energy now goes to the road", which helps make GM's EVs more economical, Kwiatkowski said.
That in turn meant GM could give its EVs greater driving range, or vehicles could have less batteries, he added.
Other benefits include size, leading to a smaller drive train and more room for passengers, and also a more spontaneous motor response, Kwiatkowski said.
"There is very very little, totally imperceptible motor lag, so as soon as you touch the accelerator pedal the vehicle responds in a very smooth fashion."
The new technology highlights GM's effort to transform itself and catch up with Tesla, whose share price has jumped over 400% this year as it has reported improved profitability.
GM will still consider purchasing drive units and components from suppliers in some cases, said Detroit-based company spokesman, Phil Lienert.
However, it will continue to lead the design, development and manufacturing of Ultium Drive units, he said.
(Reuters) - General Motors Co(GM) is set to announce plans on Wednesday to put into production an interchangeable "family" of electric vehicle (EV) drive systems and motors, boosting manufacturing efficiencies as it transitions to a fully electric lineup.
The move, which follows earlier GM initiatives on next-generation batteries, comes as the Detroit automaker looks to build a vertically integrated electric car business, comparable to Tesla , inside its ongoing operations.
According to a GM media release viewed by Reuters, the automaker is set to announce that it has designed and plans to produce on its own five interchangeable drive units and three motors, which it calls the "Ultium Drive" system.
GM said its new electric drive systems, sometimes referred to as e-axles in the industry, will have a versatile enough power output to allow them to be used with vehicles ranging from beefy pickup trucks to performance vehicles.
GM already has some EV partnerships, such as with truck startup Nikola Corp , but has chosen here to design its own e-drive technology, rather than buy from suppliers that might be able to offer greater scale and lower cost.
Adam Kwiatkowski, GM's executive chief engineer for global electrical propulsion, said that by designing its own e-axles, GM could better integrate them with an EV's battery and the rest of the car. E-axles combine gear, motor and power electronics into a single system and help convert the electricity from batteries efficiently to propel the vehicle.
GM "designed these drive units simultaneously with a full gambit of electric vehicles that fill out our portfolio," Kwiatkowski told Reuters in an interview last week.
"They become synergistic and make them a really efficient package that's good for the performance of the vehicle, good for driving customer enthusiasm, and most importantly it's good for cost efficiency," he said.
The new self-designed technology means "more of the battery energy now goes to the road", which helps make GM's EVs more economical, Kwiatkowski said.
That in turn meant GM could give its EVs greater driving range, or vehicles could have less batteries, he added.
Other benefits include size, leading to a smaller drive train and more room for passengers, and also a more spontaneous motor response, Kwiatkowski said.
"There is very very little, totally imperceptible motor lag, so as soon as you touch the accelerator pedal the vehicle responds in a very smooth fashion."
The new technology highlights GM's effort to transform itself and catch up with Tesla, whose share price has jumped over 400% this year as it has reported improved profitability.
GM will still consider purchasing drive units and components from suppliers in some cases, said Detroit-based company spokesman, Phil Lienert.
However, it will continue to lead the design, development and manufacturing of Ultium Drive units, he said.
LachiusTZ
Rogue Deathwalker Box
- 14,472
- 27,162
So... Hold the warrants? Lol
Edit:. I guess my real question is what are the mechanics of exercising the warrants etc... So I have X warrants, and on DATE they will *do thing* and I have to Y or Z
Last edited:
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,734
- 131,308
Each SPAC is a little different, it is the prospectus info. Basically warrants work two ways. The company can "call" them after the merger or they become exercisable when certain conditions are met (example 6 straight months of the share price above <XX> etc.
Read this link..
PSTH SPAC Warrants Explained Simply | Wolves Of Investing
I break down the PSTH SPAC warrants in this video. Pershing Square Tontine Holdings is a SPAC run by high-profile hedge fund manager Bill Ackman.
wolvesofinvesting.com
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,734
- 131,308
Here is the PSTH S1 filing
docoh.com
Pershing Square Tontine S1 IPO registration | PSTH 22 Jun 20
IPO registration, S-1 SEC filing by Pershing Square Tontine on 22 Jun 20, 12:31pm
docoh.com
Blazin
Creative Title
- 7,405
- 37,289
It's not going to open anywhere near 120, current read is ~$175
- 2