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Did you say Cramer?
5 bagger left
yeah really eh?
HA!
when ATOM hits 40 bucks, just another 5 bagger from there to hit my target price.
Miss that kind of excitement, and one of the best QB duels of all time, GOAT against upcoming GOAT.
really looking forward to the game.
Hindenburg alleges Palihapitiya's Clover Health faces 'undisclosed' DOJ probe
Hindenburg Research, which is best known for short reports, has issued a cautious report on Clover Health in which it claims to "reveal how Clover Health and its Wall Street celebrity promoter, Chamath Palihapitiya, misled investors about critical aspects of Clovers business in the run-up to the companys SPAC go-public transaction last month." According to Hindenburg, Clover "has not disclosed that its business model and its software offering, called the Clover Assistant, are under active investigation by the Department of Justice, which is investigating at least 12 issues ranging from kickbacks to marketing practices to undisclosed third-party deals, according to a Civil Investigative Demand (similar to a subpoena) we obtained." Hindenburg added: "Given that investors are paying over a quarter billion dollars for Chamaths due diligence, we think they deserve to know whether Chamath knew of these issues and concealed them, or whether he simply failed to notice them at all." Hindenburg noted that the firm has "no position (short or long) in Clover Health because we think in this moment for public markets, it is more important for people to understand the role short sellers play in exposing fraud and corporate malfeasance." [Reference Link]:[https://hindenburgresearch.com/clover/]
Ah! Got it. I have to admit, it has kept me really entertained! They all left out one thing though, HODL HODL HODL !
Stuff like this cracked me up:
https://www.reddit.com/r/wallstreetbets/comments/l7qwvo/wsb_what_is_your_strategy/
lol - you'll love this then ...
You’re welcome. pic.twitter.com/j9pGVEMLwd
— Chamath Palihapitiya (@chamath) February 3, 2021
How would anyone have gotten hurt on CLOV that got in before the symbol changed? It's still over 10 bucks at $12.23. It's quite simple, get out of the SPAC before the PIPE financing shares hit the market. Can buy back in if like the company going forward.
yes, it's part of the proxy vote, those that don't like the deal can take the cash .....
In connection with a business combination, a SPAC provides its investors with the opportunity to redeem their shares rather than become a shareholder of the combined company. If the SPAC does not complete a business combination, shareholders are beneficiaries of the trust and entitled to their pro rata share of the aggregate amount then on deposit in the trust account.
Pro rata share of trust account. One thing to keep in mind is that if you purchased your shares on the open market, you are only entitled to your pro rata share of the trust account and not the price at which you bought the SPAC shares on the market. For example, if a SPAC had an IPO at $10 per share, but you bought 100 SPAC shares on the open market at $12 per share, the shares you purchased are associated with a trust account balance of about $10 per share, so your share of the trust account would be worth about $1,000 (not the $1,200 you paid for your shares).
https://www.sec.gov/oiea/investor-alerts-and-bulletins/what-you-need-know-about-spacs-investor-bulletin
10 bucks a share in trust.
GIX $10.30 undervalued SPAC considering deal, and closing expected this quarter?
Executives at the newly formed company say it is one of the only "profitable, publicly-traded, comprehensive global digital healthcare companies."
Following the completion of the deal, UpHealth will have agreements to deliver digital healthcare in more than 10 countries globally. The company will generate approximately $115 million in revenue in 2020 and that is projected to rise to $194 million in 2021, the company said. That's expected to balloon to $346 million in 2022.
https://www.fiercehealthcare.com/special-report/list-most-interesting-health-tech-m-a-deals-2020/uphealth-cloudbreak-merge-blank-check-company-to-go-public
And Black Rock added a newer holdings? they were holders before this, wondering why it's not an amendment? ie SC 13G/A
Regardless they increased their holdings.
Have to say, this is really looking up!
LIVE: Starship SN9 Flight Test
Robinheads can take it
love it
for sure, it's has at least 5 million viewers already set.
I see it like that too
I added OBSV today, if traders hold, the algos will have to buy most back.
Nice!
how did you do?
I traded AMC too, good job by him! my entry was $4.84
it has before, maybe they broke the program lol
248.9 high at 5 pm
Elon Musk helped with that, he tweeted Gamestonk
What does stonks mean?
In internet slang, stonks is a deliberate misspelling of stocks, as traded in the stock market. It is often used to refer to such stocks—and finance more generally—in a humorous or ironic way, especially to comment on financial losses.
Gamestonk!! https://t.co/RZtkDzAewJ
— Elon Musk (@elonmusk) January 26, 2021
CLOV got some option activity
lol!!
SPACs are shells, but created buy the largest, deepest pockets in the industry, they raise anywhere from 200 million to 3 billion dollars, the money is held in trust, raise is usually 10 bucks a unit, a unit of shares and warrants, if the deal is not liked , or the SPAC fails to find a merger/acquisition, the money is returned to investors at 10 bucks a share, If a deal is good, most stay for the rise, some can still redeem if they don't like the company being acquired. SPCE, DKNG, LAZR, QS etc very successful SPACs. This is basically the bigboys version of going public through blankchecks reverse merger deals but with lots of cash held at trust. Even Bill Ackman is at it with his SPAC PSTH. What I like, is the downside is limited to the cash value of the SPAC, so you can bail just before the PIPE financing kicks in after the run up, and if you like the completed company, you can buy back in. SPAC's are all listed on Nasdaq or New York exchange. Here's a nice spread on latest SPACs that announced deals,
https://pbs.twimg.com/media/Er1Q2mnXUAA6APD?format=png&name=4096x4096
We all made millions while you were gone.
OBSV #msg-161024711 I got a starter at $3.94, it's quite stubborn and holding well , will double down if I see it get to my original target buy price range.
TSIA "Smart Building" merger SPAC deal with Latch. Financials are a little on the weak side, but show good projections. I would wait for this geek friendly SPAC deal to settle.
Glad you are sharing here.
or, all these SPAC (shells) somehow trickling down to the otc junk shells. I also know that when the market gets expensive, people look at possible cheap plays, that includes otc.
OEG will probably gain more traction Monday.
Yes, Chris Wood is talking about ATOM!