There are and will be many opportunities for TAUG to merge with.
But it is great that TAUG has the right connections to buy into underwriting that have warrants attached which could potentially increase the return by huge percentages.
Guess you need a Rolodex to get in on those type deals.
However the price is pretty flat so one could almost duplicate the position in the open market.
Taug made a fairly low risk investment in Blink, IMO, although there is tremendous potential. Yes
The fact is Blink did do a reverse merge with a penny stock and because that was successful they now have access to capital markets for cash raises like this. Blink’s biggest asset is the real estate and contracts they were able get, as well as equipment, and buying them for pennies on the dollar. They have state of the art new meters being rolled out and aside from Tesla they are the largest in the US. The units they have charge every car, not just Tesla.
Royal Shell recently bought out the biggest company in Europe. A purchase like that is peanuts for oil companies to have a footprint in the electric car charging space.
