SPAC & IPO Ideas
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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You knows is a SPAC free-for-all when SAII is in the green today. It actually broke $11 for a fleeting moment today.
Sanrith Descartes
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Rajaah
Honorable Member
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Is SAII ever going to amount to anything? It's like the most consistently nothing-happening, NAV-hovering SPAC I check on.
Sanrith Descartes
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I like data companies. I think data is this generations currency. They do connected car data and have contracts with companies. Otonomo is the company. I'm in around 11 or so a share. I'm willing to give it a couple of earnings reports to see how it shapes up. Like I said, I like data companies. It's why I bought NSH. Global Spire is a satellite data company. SAII may sit here for 3 or 6 months until earnings dictate otherwise.
Sanrith Descartes
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Sanrith Descartes
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For the most part it looks like the majority of SPACs I hold are holding above yesterday's lows which is a decent sign.
Sanrith Descartes
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RIDE
- For example, Lordstown recently announced a 14,000-truck deal from E Squared Energy, supposedly representing $735 million in sales. E Squared is based out of a small residential apartment in Texas that doesn’t operate a vehicle fleet.
- Another 1,000-truck, $52.5 million order comes from a 2-person startup that operates out of a Regus virtual office with a mailing address at a UPS Store. We spoke with the owner who acknowledged it won’t actually order any vehicles, instead describing the “pre-order” as a mere marketing relationship.
- Yet another firm that is supposedly set to buy 500 trucks from Lordstown told us: “…The letters of interest are non-binding. It’s not like you’d obligate yourself to a pre-order or that you would contractually bind yourself to buying this truck. That’s not what they are.”
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Kiroy
Marine Biologist
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RIDE
- For example, Lordstown recently announced a 14,000-truck deal from E Squared Energy, supposedly representing $735 million in sales. E Squared is based out of a small residential apartment in Texas that doesn’t operate a vehicle fleet.
- Another 1,000-truck, $52.5 million order comes from a 2-person startup that operates out of a Regus virtual office with a mailing address at a UPS Store. We spoke with the owner who acknowledged it won’t actually order any vehicles, instead describing the “pre-order” as a mere marketing relationship.
- Yet another firm that is supposedly set to buy 500 trucks from Lordstown told us: “…The letters of interest are non-binding. It’s not like you’d obligate yourself to a pre-order or that you would contractually bind yourself to buying this truck. That’s not what they are.”
oof
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Sanrith Descartes
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swayze22
Elite
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$FOGL?We should start a forum Spac, we could call it Fires Acquisition Group, now we just need a ticker...
Tmac
Adventurer
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We should start a forum Spac, we could call it Fires Acquisition Group, now we just need a ticker...
$GAYY?
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Sanrith Descartes
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Blazin
Creative Title
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We should start a forum Spac, we could call it Fires Acquisition Group, now we just need a ticker...
SPACs are last weeks news man, we need a NFT's . All those hall of fame threads not being monetized.
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Sanrith Descartes
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Khane
Got something right about marriage
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Sanrith Descartes
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At some point enough still money can push the short squeeze on some of threr more popular SPACs. And then it's moon time.