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We really cant hold anything to that, BUT that conversation occurred.
Ok guys this JUST happened to me:
This is low level hearsay but its nice to hear.
I am a participant at a current zachry project. A person on that construction site mentioned a project in elk creek NE that they expected to be on by november or around then. Not kidding. Take it for what you will. 100% serious I had that conversation today. Soooo timelines are being discussed to some degree with the contractor.... take it as it is, who knows what the money timeline is and such and if the money moves that time frame. Just wanted to drop that tidbit.
Welllll, that was the SPAC. Back to drawing board.
yes, blame Canada
LMAO. pathetic.
Hopefully before <4$. Well, Theres always another spac I guess.
Unless one controls >50% of shares, or their group does, all serious investors are either compliant or sold.
or skeptical and risk tolerant.
Just riding the caboose.
As I see it our % ownership is better if thats how you mean. Low redemptions would have reduced our % ownership prior to the r/s which doesnt affect it. With low redeptions we woulda had our same number of owned shares divided by a larger total. With high redemption we get less cash but our number of owned shares is divided by a lower total share count due to high redemption and we have a better % of ownership. Price lands where it lands now that we know the number of shares and r/s ratio and proceeds (or lack there of).
I own 100 shares out of 1000. I own 10%. I Get r/s 1:10. I now own 10 out of 100. Still 10%
I own 100 shares and total gets diluted to 2000.
I now own 5%. I get r/s 1:10. I know own 10 out of 200. Still 5%
We will at least get to see what happens on a major exchange with a price that is purchaseable. Also the exim letter. Time will tell.
No I would not say that. We are listed soon without the listing process. With the low redemptions each of our % of ownership is more protected. Thats a major upside. There are other monies out there as we have seen. I wanted more cash to operate with, but thats ok. We have a nasdaq ticker.
As for the high redemption rate, there is a lot of data for spacs with high redemptions. Its just how it has been for quite a few spacs. Dunno why, and the reason is irrelevant now.
Entities must have wanted that liquidity back and had to wait for the transaction to get it.
It is an unchangeable development, but still a development in the right direction. Therefore, it must be a positve development.
Remeber if you are starving, there is probably some grain in the manure.
Just nod yes.
Fake news? The GXII filing plainly states the redemeption rate and how much money gets removed from the trust to pay the shareholders.
"Stockholders holding 28,506,605 shares of the Company’s Class A common stock exercised their right to redeem such shares for a pro rata portion of the funds in the Company’s Trust Account at a redemption price of approximately $10.159 per share. As a result, approximately $289.6 million in cash will be removed from the Trust Account to pay such holders."
It is what it is, but I was hoping for better than that. Whats done is done. Lets just get uplisted. Also, the exim bank debt is in the works :)
95% redemption according to filing...
I need to quit researching.
Hello Mr. Yorkville...
Somewhere in the distance I hear the clank of whiskey bottles rolling around...
https://www.sec.gov/Archives/edgar/data/1826669/000121390023020360/ea175273-8k_gxacqu2.htm
I would hope they wait for the official numbers. That's their job to be sure about where they place their money.
We just "happen" to be right around .89... the number that has been kicked around for months... and the R/S that came out YESTERDAY is right at 1:10 just like in the "example"...
Remember that IF we got to $10 no R/S would be needed. That is a true statement.
If I get enough votes, I will be president after the 2024 election. That is also a true statement.
Its not important if those outcomes are possible in this iteration of the universe, the statements are TRUE. Any lawyer will agree.
We are all just along for the ride, there is much more known than is disseminated and hat is true for just about everything involving business.
LMAO you cant make this stuff up....
Lets hope for low redemptions. That data for a lot of the SPACS from the last couple years s not in our favor in my opinion. Might be pleasantly surprised.
Its per KG from a scrapper at exotech.com. They advertise verified 99.99% but who knows. Its high priced actually, but it would be high to turn a profit selling small lots to chemistry teachers and such. Metal.com shows about 90$/kg for niobium. Might be a fun way to get some niobium and scandium for desk toys.
scandium however is 10$/GRAM or 10,000 per KG from that same seller. Prices are all over the place of course for scandium.
https://www.amazon.com/Niobium-Metal-99-9-Pure-Smaller/dp/B08DDHZN36/ref=sr_1_1_sspa?crid=2AH3KK0A17T2G&keywords=niobium&qid=1678796073&sprefix=niobium%2Caps%2C141&sr=8-1-spons&psc=1&spLa=ZW5jcnlwdGVkUXVhbGlmaWVyPUFLWVlNMFU3N1FZR1ImZW5jcnlwdGVkSWQ9QTAwMTkwNDMzMVBDSlkyUlNKVEM5JmVuY3J5cHRlZEFkSWQ9QTA4OTA3NjQzOE1BRlYyS0dZRUk3JndpZGdldE5hbWU9c3BfYXRmJmFjdGlvbj1jbGlja1JlZGlyZWN0JmRvTm90TG9nQ2xpY2s9dHJ1ZQ==
https://www.amazon.com/EXOTECH-Scandium-Metal-99-95/dp/B08M4BDG8R?th=1
I do believe there is high redemptions possible. I only believe this based on the articles and figures I've seen online for SPACs. Maybe we have such a great project that many choose not to redeem, but it is what it is. The SPAC arbitrage crowd is still out there. They are only interested in the extremely low risk low % return.
I don't think company is worried about redemptions now that the EXIM bank is in the works. We are not there yet, but I don't think they much care what the redemption rate is. The fast track NASDAQ listing is the goal here. Just riding the caboose.
Im glad the 4% made their stand. I am commissioning a statue for you. The story of the 3 Spartans.
I voted yes on all for transparency. As far as the math goes its plain numbers. Very large integer voting yes, very small integer representing no. Fast game of checkers. I've just never understood the resistance. OK little dudes, vote no. good job. Here's your participation ribbon and candy bar.
The whales all voted yes long ago. The No votes do not matter. At all. This has been obvious from the beginning.
HEEEEEY I said that and you grilled me. LOL
Lets both just hope for low redemptions. This loan news changes things but I doubt its gonna come soon enough to eases the R/S ratio unless the news catapults the price pre-combination.
I predict 10-15/1. Depends on final cash imo.
That's ok though. Is what it is. I am hoping for very low redemptions and high final cash after combination. SPAC arbitrage gives me the jitters. The low-risk crowd uses that as a guaranteed low % return. Time drags on until then.
Agreed! The R/S does not sting. Its the % ownership before and after the merger where our % ownership drops by half or more. The R/S doesn't bother much compared to the 50% company giveaway before the R/S. But that is our price of doing business I guess. Just along for the ride now for 6 years. Still might be some good money.
The sheer arrogance of people that can hide behind a keyboard and run their mouth is funny. Anonymity is best for them.
Hey Sweet! The rich dude bought more warrants with what he had in the couch cushions...
Noted Sir! Good luck!
no worries! you are already rich!
what numbers are you using after merger? What is your desired share price for that 20M figure?
I doubt any multimillionaire fears 200k much. Quite a gamble in my world tho.
Cost of mine is literally BRK pocket change...
Pretty amazing. Buffett could accidentally drop a $B in the bathroom stall and not really miss it...
I think the current number is around 100 billion with them waiting for the phone to ring with a good idea.
https://www.macrotrends.net/stocks/charts/BRK.A/berkshire-hathaway/cash-on-hand
Why the hell would they post a picture like that?!
Cost of mine is literally BRK pocket change...
Pretty amazing. Buffett could accidentally drop a $B in the bathroom stall and not really miss it...
https://www.macrotrends.net/stocks/charts/BRK.A/berkshire-hathaway/cash-on-hand
Not sure what news could be possible. There is nothing here.
Nice and deceptive!
Go woke Go broke!
Great descriptive article. Thanks!
That brings up a question, what actually happens with votes that are not cast or otherwise decided?
The numbers aren't there anyway. He can walk/talk any way he wants. There is no need to fear the share %. They hold all the cards.
Keep fighting the good fight. Stand up for your rights!
LOL let me know how it turns out.
Your/Our votes wont matter anyway. Same for most.
We simply do not have the numbers to make a difference. 10 retailers put together wont matter unless you are one of the few whales and they are all yes. so who cares?
Day traders pounced on that fast. Choice words....
Sounds like the OTC. Live by the sword....