SPAC & IPO Ideas

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Hateyou

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Sanrith Descartes

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$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.

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Hateyou

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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.

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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?
 
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Hateyou

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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.
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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.
 
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Tmac

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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.
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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

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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

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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

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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

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GSAH catching some volume out of nowhere. Interesting, as most spacs are just on idle at nav.
 
Sanrith Descartes

Sanrith Descartes

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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.
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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
 
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Blazin

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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.
 
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Mist

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Sanrith Descartes said:
Thank fucking God it isnt PSTH

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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.
 
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Sanrith Descartes

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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.
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It can be yours for only $13 a share. Let us know how many shares you grab.
 
Jackie Treehorn

Jackie Treehorn

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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!
 
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