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Chime, ok. I agree, the warrants are low in pps, currently.
MFAC
the rumor has been Chime. no idea if its accurate. in any circumstance the warrants should be over $2 with underlying stock @ $11.20
I really do not know....found this.. Went from exploring strategies for Bankmobile in January. To in May saying the divestiture of Bankmobile is on track to be completed by year end 2020. Big language change last month.
MFAC,MFAC.WT
any idea when the name of the online banking platform will be revealed?
imo MFAC/WS are less than 1/2 the price they should be w/MFAC @ 11.20.
I am holding MFAC warrants, anything new, I may have missed
So, after the redemptions in May, how are folks now feeling about this stock?
13,733,885 shares opted to redeem at the vote, or approximately 81.1% of public SPAC shares, resulting in roughly $144 million being removed from trust for an estimated current trust value of $33,167,514.53.
Is this enough capital to still do an acquisition, or will they need PIPE funds?
I'm not here to bash the stock (I own a bunch of warrants), just wondering.
If you were not aware, full PR: https://spacinsider.com/2020/05/27/extension-vote-results-megalith-financial-acquisition-corp/
I love when the common is green (or flat) and the warrants are red. Helps to show the profit takers and weak hands.
I truly believe this is going to be the next hot SPAC play. Once the definitive agreement is signed, we'll be trading north of $3. And depending on who the company turns out to be, we could easily be over $5+ down the road. I'm very excited about this one. Good luck all!
New York City, May 20, 2020 (GLOBE NEWSWIRE) -- Megalith Financial Acquisition Corp (NYSE: MFAC) (“MFAC” or the “Company”) today announced it has signed a non-binding letter of intent and expects to sign a definitive agreement to acquire a digital banking platform that is among the fastest growing in the country with several million accounts. The target company features an advanced, purpose-built platform via proprietary technology that provides a full suite of low-cost banking products including checking, savings, and credit cards to millennials and middle-income consumers.
MFAC/MFACW
You still holding the other one from this post? It's getting some nice nibbles today.
$MFAC.WS : Yes I did...................
Hope you liked that !
Got another lined up
GO $MFAC.WS
Love this. You called it! Nice job
$MFAC.WS : 1.07......... GOOOOOOOOOOOOOOOOooooooooooooo
I like it !
Looking solid now
GO $MFAC.WS
Someone's selling a lot of warrants.
$MFAC.WS: About to lose my subscription again
Hope to continue posting here
GO $MFAC.WS
Loading some lows
$MFAC.WS: Is that too low ??????????
FMCIW went to $4.80........... unfortunately now down to 2.51
You saying the TatooedChef is better than what we have coming here ?
I don't think so
GO $MFAC.WS
These will be the warrants I want to get into:
https://www.cnbc.com/2020/06/11/pershing-squares-ackman-eyes-1-billion-plus-blank-check-company.html
Ok thanks
I’ll get some TOTAW today
I'll take a look.
Hahahaha 4 dollars mannnnnn!! Come on! You’ll be out by 1$ if it gets there
$MFAC.WS: Did you see $PAAC today ???????????
All fins and fintechs based in the Hong Kong China have been hot.
It was DUO yesterday.
MFAH as well.
Watch $MFAC.WS go
GO $MFAC.WS
Not sure since Based in Hong Kong. Any merger might be tricky in this environment.
$MFAC.WS: Awesome..................
Also keep watch now on $TOTAW !!!!!!!!!
GO $MFAC.WS
I got back in today
Thanks
$MFAC.WS : Shouldn't have sold to early.
Watch this one crack $4 in the next 2wks
GO $MFAC.WS
You’re thinking this will go over $2 ? We’re close if not at warrant prices. What’s that indicative of?
From BrickBull:
$MFAC you can look up the team which all have high resumes , the top I like is Chad Hurley co founder of you tube, and Israel Englander owner of millennial management. Israel is one of the richest hedge fund operators in the world. This spac has until August 28 to consummate a merge. The have a LOI but we are awaiting to hear with who. Last week there was some addendum changes to sec filings that is posted. It looks like room was made by shuffling inside shares for another partner possibly. I
I sold OPESW too early :(
I’m here too boss!! :) money doubled still holding
$MFAC.WS : Only the wise ones are here.
Did you see OPESW today ?
Ya............. thats whats happen to here.
GO $MFAC.WS
I wonder who they’re acquiring
Hahaha I’m afraid to take profits! I can’t believe it! It’s never this good for me. You’re saying over a dollar possible???
$MFAC: Well u just made double your Money.........
Going back over $1 again ......... and more !
GO $MFAC.WS
Not a clue.
Own both. Brain freeze. Thanks.
not "possible." MFAC stated it IS in a deal with a digital banking platform. and imo these warrants are very cheap compared to some of the past SPACs at these same prices. in others including FMCI, with the stock around the 10.50-10.80 area, the warrants were worth $2-2.50. not sure why MFAC/WS is only trading at .50....
No that is $FMCI, this is $MFAC possible digital banking acquisition
Pending acquisition of a plant-based food company that supposedly already has good market share.
What’s about to happen ? I just bought these today 15k worth. Never traded warrants in my life
$MFAC.WS : 3Million traded.......... WOW
Its about to happen
GO $MFAC.WS
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