Interdyne Co. (ITDN)

[kex0414]

There is no news or any PRs stating that there is a merger coming…NONE! But let’s look at what happens if the unsubstantiated and/or fake news actually happens.

According to the WSJ, Investors should be cautious about the performance of blank-check companies.

Of the blank-check companies that went public in 2015 and 2016, more than half are now trading below their IPO price, the Journal’s analysis shows.

33 SPACs held IPOs in 2015 and 2016
27 became real businesses
20 of those 27 now trade below original conversion price.
That means that only 7 out of 33 are in the black. Not good!

The average share price of the converted (merged) company that survive the merger is double IPO price at the end of 2 years. So…invest $100 and if the merger succeeds, and then if the IPO succeeds, in 2 years get $200 back.

These numbers are good if you are talking NYSE average yearly gains, but for OTC traders to wait 2 years for 100% gain (If the company survives) Not a good return.

This also requires that the fake news and conjecture actually happens.

From Bloomberg website today re: Interdyne:

Those companies are not Interdyne.
Bloomberg

Interdyne
Interdyne Company has no active business operations.

SECTOR: Financials
INDUSTRY: Asset Management
FOUNDED 10/30/1946
ADDRESS
26 Briarwood Irvine, CA 92604 United States
PHONE
1-805-322-3883

WEBSITE ---None

NO. OF EMPLOYEES (0)