waiting for the other foot to fall
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Not a fan of this offer at all.
It means that he was awarded incentive stock options at current or higher prices, valid for a period of time as long as he stays with the company. IF the company gets to a value, he then exercises the options. If he waits a year to do so and then holds the shares a year and if they were formally qualified as ISO he gets a better tax treatment, but either way they are an incentive to make the company worth something. Typical approach of a company that cannot pay cash bonuses.
disclaimer - other than buying stuff from them a decade ago, I know nothing about the company and have no plans to invest in or post about it at this point. Just answering the options question.
to play devil's advocate, assume there is massive (naked) shorting... to do so requires making a market in the security and market maker's do NOT take big risks. In every instance where it almost seemed believable (and in one where I fell for it), a market maker was either representing or playing against an 'investor' in the company that held convertible debt. The 'investor' was selling into pump and dumps, then converting at a discount to the low bid in a time window, making huge bank on their investment. Not really a naked short, because they were covered by the convertible. Still there is no way anyone but the market maker knows what that trade was.
nothing from nothing leaves nothing...
I literally never heard of him till I tried to understand a facebook meme this morning...
warrants moving almost 50 cents on the dollar now so not too late to sell shares and buy warrants... 3:1 increase in ownership and 1:2 price change ratio is 3:2 better ROI... just saying.
you would assume breakeven is in the next 2-3 quarterlies, right?
I think we agree despite saying it different ways. It is a dog if you are a momentum trader. In my trading account I curse it daily because I got caught too exposed. In my IRA, I want to turn that over to be managed and enjoy Belize but not till this and INDI get where they need to be. Other than that, if it's 6-9 months to get what I expect, so be it.
When I say I know the tech, I mean in the months that I was selling my house and buying land in Belize, both SWKS and RESN recruiters asked if I would do SAW filter design. I have been off in (mostly wireless) SAW and BAW sensors since I left Murata (then RF Monolithics) in 1988.
yes you did, in the next post I read after the one I replied that to.
I think the revenues are recognized as earned on the prepaid revenues. I think they recognized some revenue for development milestones and some for shipments.
This company is at that stage where it is transitioning from sizzle to steak and everyone is hungry. dinner (concrete revenue growth) is 3-6 months out as the sales are likely to be somewhat exponential as market share increases and products go from initial pilot runs to full production.
I think the sales from the shelf registration are a lead weight for now.
was in back then when all spacs were interesting. I forgot all about this...
3.10 should support and after the next conference 4 should break.
between $5 and $10 now depending on sector sentiment (and growth is getting beaten up, so probably closer to $5 now). In a few quarters, well over $10 unless we go bear market.
These prices are an anti-perfect storm.
Growth stocks hammered as people look for reopening value.
Valued on trailing earnings just before it hits a nonlinear growth point.
Best in class answer to 5G and high end WiFi. Given the number of recruiters that have hit me up to become a filter designer again, the advantages of their software and design patents would make it reasonable for them to bundle licenses to designs with contract design services. Skyworks, Qorvo, RF360, and others are all facing brick walls hiring SAW/BAW filter people. Severalof them have said in their financials that that are human resource limited across their engineering needs and it is limiting growth.
been sitting on too high a % of portfolio in this at too high a price since February but utterly unconcerned. Just bored.
I see this into the $4's soon (tomorrow if I dare be bold, but next week after the conference is a safer bet) and back where it belongs in due course...
But if you are trading this as a low float play that's crazy. If you are trading it on growth and value, then you should be considering the entire OS as in the float.
sure, when it spikes that is a consideration. Till then, not so much.
What games do you think PIPE investors are playing?
Skyworks would have just bought Indie if that was the plan. They have no need of the SPAC cash or the public shareholders. Maybe 305 years down the road...
yes, likely. OK by me if there is nothing till first week of May. Also OK for me if I wake up to $20 tomorrow.
Indie is not part of THBR so "the stock" is trading the a red headed stepchild - like many SPACs. When we see merged financials, then we see whether or not Indie trades well.
missed that - fully committed elsewhere right now. Someone heard something.
Given Q2 ends Friday I am guessing part of last Friday's close was based on someone getting an idea of what to expect from Q2.
as it should be. There are some really good spac deals happening and some that are ruining the entire sector.
pink sheet shells have zero cash value whereas a SPAC is a pile of cash looking for a high impact business. This forum is not a discussion point for sub penny lottery tickets. Sure some people get a ten bagger on some of them. Most get delisted with 100% losses.
if a sub penny stock had an enterprise value sufficient to merge with a multi-million dollar cash SPAC, they would just reverse split and list. Even if they were not quality enough for Nasdaq, they would RS and do a PIPE. Sub-penny shells are only useful as acting like a micro-cap SPAC, not merging with one. It's a case of size matters.
Yes, merging with Indie semi any day now, SPAC has price targets. Indie has Skyworks senior management
THBR/Indie Semi is close to NAV and in final S4 amendments, so I'd say risk/reward & time it's top of my list. Still your logic here is sound.
as beaten up as SPACS are now there are a number of promising SPACs days away from completing mergers trading within 10% of NAV. Before the correction going in this early made sense to me. Now it seems being overly patient, but not unsound. Best of luck.
quick gains in spacs require cash flow into the market. Stimulus checks and tax refunds should breathe life into them.
I assume the deal is too far along to get repriced (to the SPAC's advantage) due to market conditions potentially lowering the forward PE of tech growth stocks. Any concern (or hope?) of delaying the merger till after the meltdown?
Then again the month it will take to address the S4 comments is consistent with the last few "sky is falling" tech sessions (Sept 1, etc.), so April is probably OK anyways...
$IPV MOUNTAIN VIEW, Calif. , March 2, 2021 /PRNewswire/ -- Aeva, Inc. ("Aeva" or the "Company"), a leader in next generation 4D LiDAR sensing and perception systems, announced today that Tim Willis has joined the Company as Vice President of Global Supply Chain, Manufacturing and Strategy. In this new position, Willis will lead Aeva's supply chain and manufacturing operations, providing strategic oversight on the Company's production of its industry-leading 4D LiDAR technology for mass market applications.
"Through his decades-long career as a global supply chain and manufacturing leader with the world's top technology companies like Apple and Waymo , and deep expertise in autonomous driving solutions, Tim has been instrumental in bringing some of the highest quality innovations to market," said Soroush Salehian , Co-Founder and CEO at Aeva. "We look forward to Tim's leadership as Aeva enters its next phase of development, moving towards production of our 4D LiDAR technology for a broad range of customers across automotive, consumer and industrial applications."
As a veteran supply chain, engineering and manufacturing executive with more than 30 years of experience, Willis brings strong organizational leadership and a wealth of industry expertise to Aeva. He was most recently the Chief Manufacturing and Global Supply Officer at Waymo , where he also served as General Manager of Waymo 's LiDAR sensor technology business unit. Prior to Waymo , Willis spent several years at Apple, last serving as the Senior Director of Global Supply Chain Management for iPhone, Watch, iPod and Accessories. He has held progressively senior management roles across industry leading organizations, including Lumileds , Motorola and Ford Motor Company.
"I am excited to join Aeva at this crucial stage in its lifecycle as it rapidly grows its business and operations as a dynamic leader in perception and sensing technologies," said Willis. "Aeva's market-first 4D LiDAR on chip solution represents a major accomplishment in the perception sensing and autonomous vehicle industry and is a testament to the commitment, innovation and entrepreneurial spirit of every employee at the Company. I look forward to working with our teams and our partners to bring this unique technology to mass market."
Aeva remains on track to complete its previously announced business combination with InterPrivate Acquisition Corp. ("InterPrivate") (NYSE: IPV), a publicly traded special purpose acquisition company, in the first quarter of 2021, subject to the adoption of the business combination agreement by the stockholders of InterPrivate and Aeva and other closing conditions. A special meeting of InterPrivate stockholders to approve, among other things, the proposed business combination will be held in a virtual format on March 11, 2021 at 11:00 a.m. Eastern Time . InterPrivate stockholders as of January 25, 2021 should submit their vote by March 10, 2021 . For more information regarding how to vote, please visit www.ipvspac.com/vote.
It is #3 in my portfolio behins Shyworks and Resonant (obviously they are not SPACs)
$THBR is weeks from a DA with Indi Semiconductor, Skyworks management being poached left and right, and still kissing $11...
Update PR:
CCIV shares were placed at $10. Speculators traded them up past $60 on hope, not on value. The PIPE is a 50% premium to the cash value of the company and the deal value must be over $15/share for PIPE investors to take a lockup. I have not done the math to see what the deal value is. No comment on that as I am not in the stock.
Clearly Passley is not on top of this one to the degree expected.