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There's an interesting scenario re DWAC posted at the reddit. Not too familiar with how to link that post but here goes.
https://www.reddit.com/r/DWAC_Stock/comments/qsparo/announcements_before_financing_or_after/?utm_source=share&utm_medium=web2x&context=3
$DWAC A bullish view on PIPE proffered by this analyst.
"There’s certainly incentive for Wall Street to consider a PIPE investment in the merged company, whose chief asset will be Trump’s social media venture, Truth Social. [...] It’s also worth noting that PIPE investments don’t just provide companies with an influx of cash pre-merger. They serve to lend credibility to the deal and likewise, to the newly minted company."
https://markets.businessinsider.com/news/stocks/dwac-stock-dips-despite-spac-progress-heres-what-to-know-1030955220 (Nov 9,2021)
$DWAC The BI piece of 11-09 had telegraphed something along these lines. Stock price then was hovering around US$57.00
11-09-2021 "The way it looks from here, DWAC will certainly see more gains in the future as the IPO’s launch draws near. While much remains to be seen from Truth Social, there is plenty of reason to expect that when the network launches, it will draw considerable traffic. How long the hype-driven market momentum will last remains to be seen but at least in the short term, expect prices to spike."
https://markets.businessinsider.com/news/stocks/dwac-stock-dips-despite-spac-progress-heres-what-to-know-1030955220
Rumble's move from Toronto to Florida is arguably a telling hint of things to come. It's difficult to imagine a more compatible fit--platformwise, businesswise, marketwise and now, locationwise--than the acquisition of private Rumble by $DWAC. Synergetic. According to Rumple corporate, Rumble draws over 40 million monthly viewers.
Biz Insider: PIPE investment bullish for $DWAC Excerpt: "It’s also worth noting that PIPE investments don’t just provide companies with an influx of cash pre-merger. They serve to lend credibility to the deal and likewise, to the newly minted company. The way it looks from here, DWAC will certainly see more gains in the future as the IPO’s launch draws near. While much remains to be seen from Truth Social, there is plenty of reason to expect that when the network launches, it will draw considerable traffic. How long the hype-driven market momentum will last remains to be seen but at least in the short term, expect prices to spike. DWAC is still worth watching, particularly as it secure(s) PIPE investments and approaches important catalysts." (Nov 9, 2021)
https://markets.businessinsider.com/news/stocks/dwac-stock-dips-despite-spac-progress-heres-what-to-know-1030955220
$DWAC Excellent reasoning. Logically, that acquisition would make a great deal of sense in terms of marketing, market share, economics, cost savings, and the reality of a ready-made and successful youtube alternative. The fact that private company Rumble (40+ million viewers monthly) has recently relocated their headquarters from Toronto, Canada to Sarosota County, Florida (Trump Organization HQ is in Palm Beach FL) seemingly strengthens the argument.
$DWAC I would think it depends on what they do with the money. Let's say, for example, they buy ready-made Youtube alternative Rumble (private company) which, interestingly, recently up and left Toronto for Florida (Longboat Key, Sarasota County). Coincidentally, Trump is based in Florida, too, and Rumble (monthly viewers surpassed 40 million) is Trump-friendly.
Nov 8, 2021
https://www.movieguide.org/news-articles/youtube-alternative-rumble-to-establish-u-s-hq-in-florida.html
$DWAC This SPAC Short Interest table is from the latest data as of Nov 2, 2021, and gives an idea of how outsized DWAC short interest is compared to other SPACs.
https://research.s3partners.com/spac-short-selling-recap-4/
$DWAC Yahoo: "The 11 million-member Internet community (i.e., WallStreetBets)..."
http://topnewsfeed.unaux.com/2021/11/06/this-one-is-next-heres-why-wallstreetbets-founder-jaime-rogozinski-is-tapping-trumps-spac-as-the-clear-new-meme-trade-yahoo-finance/?i=1
$DWAC Interesting 11-04 piece on DWAC at fxstreet.
"It should then come as no surprise whatsoever that DWAC has the highest nominal short interest out of any SPAC stock in the market right now."
https://www.fxstreet.com/news/dwac-stock-price-digital-world-acquisition-dips-as-short-interest-for-the-stock-mounts-202111041101
Incidental to the discussion is BI news that private Rumble has moved its headquarters from Toronto, Ontario Canada to Sarasota, Florida USA. News dated November 2nd, 2021.
Rumble Announces New U.S. Headquarters in Sarasota County, Florida 11.02.2021
At risk OT, what/who is "NESARA" you mention?
$DWAC ICYMI Published November 1st, 2021:
"Trump revealed that the applications beta version would launch to invited users in November 2021. The final launch, according to Fox News, will take place in the first quarter of 2022. TRUTH Social is a part of Trump’s new company, Trump Media & Technology Group (TMTG)."
$DWAC O'Leary on aforesaid TraderTV 09:36: "But I would argue as a new platform (i.e., TRUTH Social), it's going to work. There are going to be millions of people that were following him (DJT) on Facebook and Twitter that are going to start following him again on this new platform, and in a way become competitors to Twitter. Twitter did this to themselves. I've never thought it a good idea to cancel somebody. It goes against freedom of speech. You don't have to agree with Trump. You don't have to agree with the people they've been cancelling, but they (Twitter) make that decision for you, and you don't get to hear their voice. Then, as a result, it opens up competition as we're seeing it happen here."
On 10-27 Canadian billionaire investor Kevin O'Leary guested on TraderTV Live and commented on SPACs in general and $DWAC in particular. Quite interesting. This interview preceded the NYT piece re DWAC which was published on 10-29. O'Leary (aka Mr. Wonderful) is well known as an asset manager and for his frequent television appearances.
SPACs and DWAC commentary timestamped 07:53-10:35 (end of interview and video)
$DWAC In re merger, doesn't a CUSIP# change force naked shorts to cover at any price and other shorts to prove the borrow in order to square things with the DTC?
$DWAC 11.01 NBCNEWS What do y'all make of this? It's a regurgitative hit piece, but still, why would he tell his readers that? Is he trying to tamp down enthusiasm knowing it's imminent?
"Any minute now, a test version of Donald Trump’s new social media site, Truth Social, is due to go live."
$DWAC Volume is low, only ~8.6M, no mass exodus.
"may have" -NYT. Opens door to libel.
Per usual NYT rag refers to anonymous sources.
"...according to people familiar with the talks and a confidential investor presentation reviewed by The New York Times"
$DWAC It's Friday of a Halloween weekend. Friday is usually slow anyway on Wall Street, and these may be factors in dulling market participation including trading in DWAC. Halloween is now a very big holiday, second only to Xmas in preparations.
From NBC Oct. 27, 2021
"Halloween spending is expected to reach record-breaking levels this year.
More than 65% of Americans are planning to celebrate the spooky holiday this year. That’s up from 58% last year.
“Consumers are back up to pre-pandemic levels when it comes to the number of people celebrating,” Katherine Cullen with the National Retail Federation said.
The NRF estimated that spending on Halloween will break a record at over $10 billion. That is $2 billion more than last year despite the on-going supply chain crisis."
At the very tail end of the Hoffman interview, there was an interchange that did mention the social media platform, but not by name (TRUTH Social), much less citing DWAC.
Ari Hoffman: "I can't wait to be on your social media platform."
DJT: "Well, we're going to do it as quickly as possible, that I can tell you."
On 10-28, DJT spoke to Ari Hoffman on the latter's radio show. It was a 16 minute segment. Hoffman's topics dealt with foreign policy and events past and present. DWAC-TMTG social media platform was not one of Hoffman's topics. However, during the sign off, Hoffman spoke these words:
Ari Hoffman: "I can't wait to be on your social media platform."
DJT: "Well, we're going to do it as quickly as possible, that I can tell you."
The interview is on the web at Rumble and other podcast venues.
Fascinating discussion though way beyond my ken, as well, to use a Scottish word.
Something rotten in Nasdaq AH today. From 4PM ET to 7:29PM ET, there was lively trading of DWAC on pretty good volume between $72.++ to $74.++ with an upside bias. Comes 7:30PM ET. Nasdaq shows no trades until 7:59:30PM @ $69.40 (20 shares) with anemic (plenty of single digit) trading until 8PM ET. Last trade 7:59:59PM $69.23 14 shares.
Nasdaq AH DWAC
? Nasdaq AH Look at $73.79 19:29:54 70sh, then find the next trade per the time stamp. Strange. Did you see a time gap where nothing traded and then 20 shares took it down to $69.40?
Nasdaq AH DWAC
$DWAC Up 12.13% at the bell. Not too shabby.
$DWAC Nice rebound.
DWAC-TMTG is the archer and censorious Big Tech is both the target and the quarry.
$DWAC up 15% now. TWTR is flat to down ~1%.
Thanks for the clarification as regards page 5 of the DWAC Form 8-K. It's a performance incentive; that's good.
Thank you, Janice. Very clear explanation. Much appreciated.
Page 5 of DWAC FORM 8-K Earnout section. Can anyone elucidate this section in respect to the 40,000,000 shares? Will these shares be issued cost free to stockholders if the pertinent conditions are met?
In addition to the Merger Consideration set forth above the TMTG Stockholders will also have a contingent right to receive up to an additional 40,000,000 shares of DWAC common stock
(the “EarnoutShares”) after the Closing based on the price performance of the DWAC common stock during the three (3) year period following the Closing (the “Earnout Period”). The Earnout Shares shall be earned and payable during the Earnout Period as follows: [Conditions of trading follow]
if the dollar volume-weighted average price (“VWAP”) of DWAC’s common stock equals or exceeds $15.00 per share for any 20 trading
days within any 30 trading day period, the Purchaser shall issue to the TMTG Stockholders an aggregate of 15,000,000 Earnout Shares;
• if the VWAP of DWAC’s common stock equals or exceeds $20.00 per share for any 20 trading days within any 30 trading day period, the
Purchaser shall issue to the TMTG Stockholders an aggregate of 15,000,000 Earnout Shares; and...
Pardon the bizarre formatting, it won't adjust normally to Ihub.
Wow! Thank you for the update on DWACW!
$DWAC Ironically, unhinged negative energy energizes DWAC-TMTG because it makes the latter's case for restoring balance and fairness even stronger.
Yes. Terrific recovery. Up 40%+ on the day. DWACW.
DWAC-TMTG's quarry TWTR down 11% today.