yep thanks for the info, just saw that gl
one of few spacs that let me down, but you never know ackdouche might pull a rabbit out of his ass down the road on this one
For those interested, CNBC spent 20 minuted glorifying UMG and pointing out how the stock is up 40% since IPO.
I checked into it.
The stock is down on the 1st day of trading.
And it is down almost 10% since IPO on Sept 21, 2021
CNBC is playing the old game of pretending that what a stock is priced at is what it opens at for the public to buy.
I ended up taking a loss. Might regret it but I'm not in the position to sit and wait, made up my losses here in a couple days moving the money. May just back in if it drops below 15s
Any thoughts. I don't know what to do on my position. Feeling so let down though.
Not a great day but definitely not a bad day here for 1.5mil shares trading
depends on how long you are willing to hold, so far play been so-so expected much better movement, maybe by end of quarter when deal completes.
5% today! You still holding?
You and me both. This should be blowing up in my opinion. Not sure why. Have a $30k position here i bought a week ago..planning to add more
I cannot believe how dead this thread is.
Ackman is on the move:
PSTH Good explanation of what will happen
All told, this is a pretty innovative move on Ackman’s part. He somehow Harry Pottered PSTH by taking the one SPAC vehicle and created three new entities. It’s financial magic!
The only problem is, retail has invested heavily in PSTH and this is a very complicated transaction. If they can’t wrap their heads around it, you can be sure they’re going to hate it. But…since this “deal”, and I use that term loosely since it’s not a merger, will not happen until the third quarter, there is plenty of time for PSTH to market this transaction and make it understandable.
Warrant holders tossed in the wood chipper!
Google PSTH universal. WSJ is the primary source.
Well, now we know what is happening.
Here is the interview:
WSJ article. BA said a few weeks or start over.
Up 7.7% in a really terrible down market?
There has to be some news somewhere!
I can't find any.
Has anybody heard anything from a credible source?
Good. Maybe I won't have to roll my June calls.
true been holding this long and it's close to nav point so no point in selling before announcement.
I have faith we will be rewarded. Hopefully this week!!!
I just hope it’s a real strong company, so I can hold for the 1 year mark. I have held for awhile and would love to pay less taxes.
Stock market has history of taking from the impatience and giving to those who practice patience...
depends on where you got in at and how long willing to hold, was good reason for me i bought the units way in the beginning holding core position while trading it along the way.
Yes I had all these thoughts too, but looking back..that’s the worst DD I’ve ever had on a stock. “Ackman would never let this fail” is such a bad reason to buy a stock. I got too emotional. Lesson learned...let’s see what he does, but remember it takes 2 to tango. Finding a “unicorn” and then getting a good deal isn’t easy. At this point, I feel like he doesn’t have a partner, just discussions with a bunch. Hope I’m wrong
Scumbag didn’t fulfill his Q1 prediction..wish I would have dumped this pos if I wasn’t in it for so long..I’ll be pissed if he announces and I sold out lol
Billy gotta get the job done!
they were supposed to announce by end of first quarter
Is Bill still saying he will announce who the partner is first quarter? Any updates?