Sanrith Descartes
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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!
Jysin
Ahn'Qiraj Raider
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Small quibble about some pennies, but right after I placed this order, market pulled in and it hit 10.01. Just my luck.
Added another 500 shares down there.
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Sanrith Descartes
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Keystone
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So completely stupid question but i assume once warrants are issued the /u versions no longer exist... aka if i can still buy a /u i'm buying the share + future warrant issue and not buying some post warrant issue legacy /u thing, example xpoa/u, ccv/u that i was planning on adding some of today.
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Someone can probably explain this more accurately than me...
It’s your choice to split off warrants from units. There isn’t a time where, say, units stop existing automatically and all you can buy are commons and warrants.
For example today you could buy CCIV units, shares, or warrants.
I think however and this is where I’m cloudy, warrants and the warrant share attached to units expire within 5 years or maybe a set time in a particular prospectus. So you need to sell or exercise them before that. I assume they’re automatically stripped from units when that 5 year or whatever period is hit.
Rajaah
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Sounds good to me. I certainly learned my NAV lesson from buying ZNTE at $13 or $14. I still have it, too, hoping for it to go somewhere the same way Sam Beckett hoped for a leap home.
Here's what I've still got for SPACs, lotta NAV here:
I'm trying to move more into crypto at this point since I've had much better luck there, so I'm slowly closing out positions on stocks. Probably gonna keep LAZR and PLTR long-term and see where the SPACs go. Also keeping an eye on CONX, CCV, and SOAC like you said.
Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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They have SEC filings due 3/31 and some are hoping they will disclose something worthwhile.
Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
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SPNV announced last week they're merging with Offerpad. SPNV is Supernova, headed by old Zillow CEO
Zero movement on stock price
I wouldnt even have known about it if I didnt check all my SPACs on Twitter every couple days.
Zero movement on stock price
I wouldnt even have known about it if I didnt check all my SPACs on Twitter every couple days.
Sanrith Descartes
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In the current environment, If a SPAC merges with a company not already making decent revenue and actually turning a profit I would be surprised if it gets any pop at all.
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I’m hoping with the big names and size of the SPAC that CPUH bucks this trend a bit. Here’s hoping anyway.
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Sanrith Descartes
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Thats why I am holdng on the CONX. Also its bottomed out so selling it doesnt make much sense. Im down like 40 cents a share and I dont see it sinking any more below 9.95I’m hoping with the big names and size of the SPAC that CPUH bucks this trend a bit. Here’s hoping anyway.
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Likewise on CPUH. I’m sure I’ll get what I paid out of it at the least.
Rajaah
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Can you translate? PSTH is one that I was considering cutting loose. Have around $500 in it and was thinking about re-investing it elsewhere at this point. GSAH and SOAC are two I'm very interested in having more of / any of respectively. If people are holding the line on PSTH I can hold the line too, but if there's any trouble on the horizon it's one I'm going to bail on.
Edit: 3/31 eh? We'll see what happens then.
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Sanrith Descartes
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I have held PSTH since day 1 and it is my largest SPAC holding. The tontine nature of it rewards investors who hold through the merger. There is also no Founder's shares to steal profits. It is not on my plate for selling.
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Jysin
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PSTH is one of the most unique spacs out there. Their $4B raised puts them in a place like no other. They are after a big unicorn that no one else can afford and the structure is solid. Bailing on this for GSAH or any other ordinary spac seems crazy to me.
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Rajaah
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Thanks for the input, definitely going to hold onto it now. I'm new enough at this that nobody should be emulating anything I say or do on this subject. It's also tough to keep track of so many of these, and I couldn't remember why I bought into PSTH to begin with. If anything, it sounds like I should be buying more of it.
Another contributor is that I'm dealing with this rush of motivation to dump stocks / consolidate so I don't have so many to keep track of. The tough part right now is resisting the urge to sell just because of some bad news. As
Sanrith Descartes
said, the solution is likely to just not check these things every day if I can't handle seeing a lot of red right now.
Another contributor is that I'm dealing with this rush of motivation to dump stocks / consolidate so I don't have so many to keep track of. The tough part right now is resisting the urge to sell just because of some bad news. As
Sanrith Descartes
said, the solution is likely to just not check these things every day if I can't handle seeing a lot of red right now.