A hit piece on a firm with a crystal ball...

Hindenburg Short on Workhorse, Expecting 50% Downside. Says odds of USPS contract virtually zero

TD Ameritrade at 11:08am EDT
First Call Change in Consensus Recommendations
Consensus Recommendations changed from Strong Buy to Buy
WKHS Workhorse Group Inc

Ignore stock price. Market cap is what matters.

I guess you didn't read the original post far enough:
The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation and may only be exercised for a whole number of shares.
But they can always be called early, after the combo if the stock performs well and meets the qualifications.

No posts since yesterday. Guess you're all loading up. I did.

Holding long as well, warrants at 2.22

I'll take $99/share. No need to be greedy.

I'm in both and buy more of both equally.

Nah. They're more interested longer term in their other drugs. Covid was basically a distration.

While the SPAC is not out yet, you can invest in Ackman's company. It's OTC pink sheet (so subject to commission): Pershing Square Holdings, Ltd. (PSHZF)

Keep in mind, these warrants are NOT 1:1, they are 3/4 of a share.

From SA:

Crown Castle responds to Elliot's letter
Jul. 6, 2020 1:51 PM ET|About: Crown Castle Internationa... (CCI)|By: Khyathi Dalal, SA News Editor
Crown Castle' (CCI +2.1%) has issued a statement in response to Elliot's letter, highlighting that investment of ~$30B in the past ten years in its asset portfolio has positioned them to capture the market of increasing demand for mobile data and deploy 5G in the U.S.

On shareholder returns, the company maintains to grow its annual dividend by 7%-8% and it has distributed $1.9B through dividends in 2019.

In the past 5-years, CCI generated 154% total returns compared to 67% and 22% returns from S&P 500 and RMZ index respectively. Elliot noted though the company has outperformed the index, it has lagged its peers.

For the four-year period ending December'19, CCI's site rental revenue growth stood at 67%, adjusted EBITDA rose 61% and AFFO growth of 73%.

"While we firmly believe our strategy best positions Crown Castle to deliver near- and long-term value creation, we remain open to having continuing dialogue with Elliott, as we do with all shareholders."

And now we wait.

I'm going to ask some stupid questions.

Why are people on this board who don't believe in the company?

I'm sure it's not out of their civic duty to warn the rest of us, especially since the majority of shareholders (long) have done their DD. Or maybe they are just wonderful people. I don't know.

Is it because they think that their statements can sway an investor who has done their DD? I don't know, but I doubt that would happen. And even if it did, a few long shareholders from this board could not significantly affect the SP (I'm not talking about what happened last week).

Is it that they are short? I don't know.

Is it to scare off a potential or new investor who might be using this board for DD? I don't know.

So, why are they wasting their time?

I don't know...or do I?

Thanks to all who responded to my last posts. Much appreciated.

Good math. But with all the phases they need to complete, the higher SP might take a while. But they won't be able to call the warrants early, but when they can, it would invalidate the higher SP math.

Cain in hospital with Covid-19

CYDY vs HGEN: Is it really one or the other?
I bought equal dollar amounts of both. I won't say when as I don't want to disclose which is higher now.
I read the majority of posts and news on both, and have done due diligence. My wife is also a medical professional (trauma/ICU) and explains things when she can (or I'm too lazy to Google).
So, is it really a one or the other proposition? I don't think so, and neither does she. But looking for the opinion of others.

HGEN vs CYDY: Is it really one or the other?
I bought equal dollar amounts of both. I won't say when as I don't want to disclose which is higher now.
I read the majority of posts and news on both, and have done due diligence. My wife is also a medical professional (trauma/ICU) and explains things when she can (or I'm too lazy to Google).
So, is it really a one or the other proposition? I don't think so, and neither does she. But looking for the opinion of others.

Depends on your broker or website. Might also be GRAF+.

They're actually closed on Monday. Four day weekend.

At least my covered calls that I sold Monday expired worthless and I got a few hundred.

At TDA, share number the same, no halt to trading, no symbol change.

A lot of folks look at the ability to target any industry as a negative, with GS I see it as a positive to not limit them and return a great merger to the shareholder/unit holder.

A lot depends on that, how long your broker takes to do it and any fee.

Well, in theory they are valid for 5 years after the biz combo. But lots call for redemption early if the stock price meets certain milestones

You can redeem from 30 days until expiration, with the strike price as cash.

Or, do what I do. When called for redemption or near expiration, I sell the warrants and immediately buy the common stock. Easy peasy.

Needs to be above $5 for many institutional investors.

Yes, a medium pop for the new craft's powered flight, then the big pop when the first commercial craft lands safely.

GSAH.U started trading today. I'm in. Long term, obviously. https://spacinsider.com/2020/06/30/gs-acquisition-holdings-corp-ii-prices-700m-ipo/

No. Every transaction has a buyer and a seller. That's the transaction. A price goes up when sellers want a higher price...down when sellers are willing to take a lower price.

Every transaction in the market has a buyer and seller, b y definition. Price tells you where the conviction is.

Looks like some significant profit taking, probably into WKHS. I'm long and strong.

I bought equal amounts of both at the same time.

The only thing that makes sense to me is folks cashing out with FOMO on SHLL.

Now it makes sense. Thank you.

Something to look at: HCCH during my last buy. Common at $11.42, Warrants at $2.12 (11.50+2.12=13.62) so this has a premium, BUT the rights HCCHR at $0.85 and are equal to 1/10 share. So 10 warrants costing a total of $8.50 gets you one share of a $11.42 common. That's a 25% discount. But it trades very lightly, so it has a big spread.


Also, the rights automatically convert to shares after the business combo.


See the 2nd paragraph of https://www.globenewswire.com/news-release/2020/06/08/2044889/0/en/HL-Acquisitions-Corp-executes-Business-Combination-Agreement-with-Fusion-Welcome-Fuel-SA-providing-entry-into-the-Green-Hydrogen-sector.html

But that also assumes the market cap increases by 42%, so each share is actually worth more. If the market cap doesn't change, then each share is worth less, but the total amount of shares are worth the same. That's why I compared it to a reverse split.

First, I am long warrants, so this isn't bashing.

I assume your warrant premium is due to the time factor on the warrants.

You wrote "Once the merger is complete share holders will get a 42% pop due to the guaranteed 1:42 stock incentive promised in sec filing. They will also be cancelling shares to make sure there is no dilution. When the ticker symbol changes over to "HOFV" expect huge tv coverage on CNBC and interviews with CEO on Jim Cramers Show " Mad Money "."

Help me to understand this, please, as it seems like a ghost pop (like a reverse split). I understand the 1:1.42, but won't the market cap be the same, just more shares being issued?

In other words, I have 100 shares of a company worth $100. I then decide to give you 1.5 shares for each one of the new company, but those 150 shares are still worth $100. But now each share went from being worth $1 to $0.67. You have more shares, but they represent the same dollar amount.

HELP! What am I missing?

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/

While you get more shares, doesn't the market cap remain the same?

"The first effect will not be them selling but them being available to borrow by shorts."

And which is worse?

Just holding long.