SPAC & IPO Ideas

  • 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!
Hateyou

Hateyou

Not Great, Not Terrible
<Bronze Donator>
16,929
44,420
  • 2Solidarity
  • 1Like
Reactions: 2 users
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,117
122,758
$ROT DA with Sarcos Robotics. I like the robotics field so I checked out the investor deck. They have no revenue. Zip. Nada. Somehow they are valued at over a billion dollars. I am really starting to think I should use SPACs to take my two companies public. We have actual revenue and profits. We should be worth tens of billions of market cap in SPAC-world.

1617714889187.png
 
  • 2Like
Reactions: 1 users
Hateyou

Hateyou

Not Great, Not Terrible
<Bronze Donator>
16,929
44,420
Sanrith Descartes said:
$ROT DA with Sarcos Robotics. I like the robotics field so I checked out the investor deck. They have no revenue. Zip. Nada. Somehow they are valued at over a billion dollars. I am really starting to think I should use SPACs to take my two companies public. We have actual revenue and profits. We should be worth tens of billions of market cap in SPAC-world.

View attachment 346482
Click to expand...
Do it. There’s way more blank checks out there than people ready to take it. Should be a fun experience and you can update us on the progress. What could go wrong?
 
  • 1Like
Reactions: 1 user
Hateyou

Hateyou

Not Great, Not Terrible
<Bronze Donator>
16,929
44,420
Sanrith Descartes said:
My companies are small (3-5m in revenue). My partner has another company that I do not have any equity in (of course) and it does about 90m a year with EBITDA in the 15m range. We have had semi-serious discussions about him taking it public via a SPAC. He is the largest privately held company in his industry and he likes that position and answering to no one. I can attest that being the owner of a private company that answers to no one is really hard to put a price tag on.
Click to expand...
Yeah, personally I’d only do that if there was a way for me to cash out, hand the business off, and retire. I’d hate answering to shareholders...leave me alone and let me run my business.
 
  • 1Like
Reactions: 1 user
Tmac

Tmac

Adventurer
<Aristocrat╭ರ_•́>
10,034
17,096
Hateyou said:
Yeah, personally I’d only do that if there was a way for me to cash out, hand the business off, and retire. I’d hate answering to shareholders...leave me alone and let me run my business.
Click to expand...

Some of the best CEO’s ever, ignored their investors while also giving them huge returns. They didn’t talk to Wall Street. They didn’t attend conferences. So, it’s possible.
 
Indyocracy

Indyocracy

Stock Pals Participant
<Gold Donor>
1,121
5,242
RPLA merged with Finance of America Mortgage and the price has headed basically nowhere. Wondering if i should sit or eat the like $80 loss heh
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,117
122,758
Looks like we can see why VLDR got so hammered. Shorted to hell and back.

www.shortablestocks.com

Shortable Stocks

Available borrow, fee, and rebate rates for all US-listed stocks. Updated every 15 minutes during market hours.
www.shortablestocks.com
 
Jysin

Jysin

Ahn'Qiraj Raider
6,492
4,506
I have 0 experience trading options. Sanrith Descartes Sanrith Descartes perhaps you can shed some light?

Floating around the web is reported some crazy call options purchased yesterday for PSTH expiring 4/6 this Friday. Some $200k worth OTM (40 strike?)

Where would I be able to validate this info.

Seems like an incredible way to just set your money on fire... unless they know something.. lol.
 
Jysin

Jysin

Ahn'Qiraj Raider
6,492
4,506
GSAH catching some volume out of nowhere. Interesting, as most spacs are just on idle at nav.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,117
122,758
Jysin said:
I have 0 experience trading options. Sanrith Descartes Sanrith Descartes perhaps you can shed some light?

Floating around the web is reported some crazy call options purchased yesterday for PSTH expiring 4/6 this Friday. Some $200k worth OTM (40 strike?)

Where would I be able to validate this info.

Seems like an incredible way to just set your money on fire... unless they know something.. lol.
Click to expand...
I am guessing it is the $42 strike. I cant tell when they were bought (since I wasn't watching last week from the beach) but this would line up with your data with it being around $200k.

edit: the Delta is 0.0112 so it needs a pretty significant move upward to generate any decent profit considering the risk.

1617732574176.png
 
  • 1Like
Reactions: 1 user
Blazin

Blazin

Creative Title
<Nazi Janitors>
7,088
36,557
People buying way out of the money call options on PSTH is not new been going on for months. It's just a cheap lotto ticket. There are 15,000 contracts on the 4/16 exp at $40 and another 37,000 contracts on the 6/18. It's just a way to play it that you could participate if there is a huge run up at an announcement. For people playing this game for the last 6 months, just like most deep out of the money call contracts is just burning your money.
 
  • 1Like
Reactions: 1 user
Mist

Mist

REEEEeyore
<Gold Donor>
31,379
23,801
Sanrith Descartes said:
Thank fucking God it isnt PSTH

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
Click to expand...
WeWork is going to be a good buy. The new valuation is very rational and the new management is nothing like the old management. They're well positioned for post-COVID.
 
  • 1Seriously?
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,117
122,758
Mist said:
WeWork is going to be a good buy. The new valuation is very rational and the new management is nothing like the old management. They're well positioned for post-COVID.
Click to expand...
It can be yours for only $13 a share. Let us know how many shares you grab.
 
Jackie Treehorn

Jackie Treehorn

<Gold Donor>
2,926
7,649
I’m done with SPACs for the moment. Too much opportunity cost lost. Call me when these turds are hyped again. 😜 We’re done! I don’t want to date you anymore!
 
  • 1Solidarity
  • 1Like
Reactions: 1 users
You must log in or register to reply here.