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Concur. Playing with house's money.
Not for them. They have their profit. Probably a trailing stop at 10-25% from the high. And they don't want to wait around.
Whether you look at fundamentals or technicals, we are overbought.
Fundamentals between $5.50-7.00, but charts show technicals in the low $5.00 range.
But long term investors will be okay.
Traders that go in and out same day, the shares count twice. Per transaction.
Guesses as to the percentage or number of shares that will be available to the public after any PIPEs sell? Remember, it DOES NOT increase the total number of shares outstanding, just shares available to the public (the float). Also, keep in mind they bought at $10.
Between PIPE shares and warrant exercises, expect NKLA's float to increase from 23 million to close to 99.4 million over the next month, IF AND ONLY IF THEY SELL EVERYTHING.
Yahoo has the symbol correct, but the name wrong as it used to belong to another company: FreeSeas Inc. (FREE)
Just saw it.
Cramer gave Tesla four stars yesterday. That means were doomed.
I think that is a typo as well. As I heard $0.75. But where was this copied from? If it's from their SEC filings, then they're locked into literally $5.75.
As far as the warrant vote, is each now = 1/2 share plus 75 cents of compensation?
Can't remember if that is correct.
You can. I don't remember the redemption details.
With a SPAC, you can't expect news, even weekly. If you don't like what they are doing, then sell. If you are trading, then cut your losses.
Of course, that's why we're still holding our warrants.
Took advantage of the morning dip and sold almost all my MFAC warrants and went in the OPUS warrants plus 500 common to add to my existing position. Happy with my MFAC gains and now I want a BurgerFi for lunch...the $10 burger.
Thanks, much.
I love when the common is green (or flat) and the warrants are red. Helps to show the profit takers and weak hands.
I just asked for boards to be created.
Except distance.
Two more SPACs from the folks who brought you the VG merger:
IPOB & IPOC.
New SPAC from the folks who brought you the Virgin Galactic merger (plus IPOC)
So happy it's so easy to ignore these idiots.
That's the point (and yes, original investors). We don't know if they would sell or not. Lots of folks say that when they can sell it will crash the stock. Others say that these investors won't as they see a longer term investment.
Also, if a PIPE sells, it raises a red flag for other SPACs who think thay might sell on them and really piss off shareholders.
I suspect there will be some selling, but it will be marginal.
I'm confused as to why you think the lowest it can go is $10.80. I've seen mergers fail and the common go below the original offer price. You are protected on the original offering price only if the SPAC dissolves.
Can you explain?
Nicely said.
Upgraded to ACCUMULATE from HOLD on 6/19/20 by TD Ameritrade.
Meanwhile, they just opened a popup in the Brickell area in Miami.
I hold plenty of warrants. But again, share price doesn't matter, market cap does.
I'm getting to the point, with the pandemic delay and public service work the employees are doing (and happy about that), that maybe it's time to put the $$ to work elsewhere for 6-12 months.
Can't see Richard going on a flight when hardly any work on SS2 is being done. And I haven't heard that they have all of their FAA certs (2 left I think).
Why do you say that? You can't compare share price. You have to compare market capitalization of the two, and then take the float into consideration. Share price means nothing when comparing two companies.
A lower priced stock might have a bigger market cap based on more shares than a higher priced stock with less shares.
These $10/share PIPE investors are most likely in it for the longer haul. Why bail now when its getting positive analyst coverage?
Plus, it looks bad and it make it more difficult for these specific PIPEs to go into other SPACS, if the SPAC knows the PIPE will bail and piss off shareholders.
Some people have their percentage, and they sell regardless.
It depends on what you want to buy...a Ford or a Tesla...nah...Badger.
Thanks, I accidentally skipped that filing on Edgar.
As the fund holds real silver, you're getting it, just not holding it in your hands. I've done lots of real silver and SLV. Honestly, real silver is a pain in the a$$. The spread is bigger and you have to deal with storing it somewhere (I had a bunch of 100 oz bars) and then deal with selling it.
I'll pay the nominal fee and deal with SLV with the convenience of buying and selling while at my desk.
But that's just me. I did enjoy having the bars...until I had to sell them (but I made a nice profit).
Keep in mind, warrants are 2:1.
Anyone think they will dissolve on Aug 6, 2020, or will the sponsor (once again) pay to extend 3 months?
See: https://www.sec.gov/Archives/edgar/data/1731176/000168316820001467/tottenham_ex9901.htm
Anyone doing the Rights?
With the sudden explosion of SPACs, it's becoming increasingly harder to find the right acquisition.
Wondering if anyone is holding rights, other than me.
You do know that Amazon has yet to turn a profit?
Someone's selling a lot of warrants.