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Sunday, May 10, 2020 9:01:37 AM
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"A SPAC is similar to a reverse merger. However, unlike reverse mergers, SPACs come with a clean public shell company, better economics for the management teams and sponsors, certainty of financing/growth capital in place - except in the case where shareholders do not approve an acquisition, a built-in institutional investor base and an experienced management team. SPACs are essentially set up with a clean slate where the management team searches for a target to acquire. This is contrary to pre-existing companies in reverse mergers.
SPACs typically raise more money than reverse mergers at the time of their IPO. The average SPAC IPO in 2018 raised approximately $234 million compared to $5.24 million raised through reverse mergers in the months immediately preceding and following the completion of their IPOs. SPACs also raise money faster than private equity funds. The liquidity of SPACs also attracts more investors as they are offered in the open market.
Hedge funds and investment banks are very interested in SPACs because the risk factors seem to be lower than standard reverse mergers. SPACs allow the targeted company's management to continue running the business, sit on the board of directors and benefit from future growth or upside as the business continues to expand and grow with the public company structure and access to expansion capital. The management team members of the SPAC will typically take seats on the board of directors and continue to add value to the firm as advisors or liaisons to the company's investors. After the completion of a transaction, the company usually retains the target name and registers to trade on the NASDAQ or the New York Stock Exchange."
https://en.wikipedia.org/wiki/Special-purpose_acquisition_company
THEY STILL NEED OUR SYMBOL.......ACCR
From what I am reading, a SPAC is essentially an LTD, Limited Liability Trust. There is still RISK. ACCR's only risk is that our SEC filings cannot be ERASED. PERIOD. This is the truth about ACCR today.
I am reaching out on LINKEDIN....because there, my contacts are POWERHOUSES....here, well.....to be honest with everyone.......if I were to guess,,,,,,,overall,,,,,,,,,,,,,,,,,,,,,,,here, on iHUB the viewership of my posts, well...........to be frank,,,,,,,,ok, ok, ok....I prefer LINKEDIN!
REAL business leaders, and UNDERWRITERs....oh man, if I get the call from any one of them, and they say, $.01 for 300,000,000 ACCR.....I will fall out of my Chair laughing. This would remind me of how the NYSE floor used to trade and take. It was always yelled out, "1/16th or TEENIE for 250,000 IBM!"
The NYSE would always drop the dollar amount, and just use the fraction as the lead indication of a BUY or a SELL.
This talk and lingo on the NYSE means, I will buy 250,000 IBM at 120.0625 in today's electronic quotation system. ACCR belongs on the NYSE not now....we have NO ASSETS of MEANING....but if,,,,only if,,,,,,we get a REAL MERGER deal...I will and remember my dear Shareholders....I will always take care of you. The only problem with ACCR is that I cannot erase the CRIMINAL PAST SEC
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1. We file a FORM 10
2. The Company reporting has a PCAOB audited fins, and letter
I know how to file a FORM 10:
https://www.sec.gov/files/form10.pdf
15 items on the form, come on....I can do this -----> BIG DEAL!
My attorney assigned to ACCR at the DIV OF CORP FINANCE at the SEC has had this discussion with this ISSUER about 5 times in 2020. ACCR has no problem with the SEC, except my 10k's do not contain AUDITED FINANCIALS. I'm working on it....it is very tough for a victim of past crime and fraud from DAISY, right?
ACCR will come back.....I see it happening very soon. I am closing my eyes, and lifting up my head to GOD as I type.....my FATHER, come down, and "scoop me up" and bring me up into the HEAVENs with you.
Oh man, this pain really is bad this morning,,,,,arrrgh, the tightness of my left supraspinatus now, is like a HARD ROCK!
ACCR is alive only because of PATRICK J JENSEN.
I am going to in MASSIVE PAIN,,,,arrghhhhh this hurts so much.
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HOMEBREW., my co-moderator---> I am a disabled US Citizen, that spends 100% of his time at home, in SCREAMING PAIN. Do you understand my US Disability, Sir? This is the US Capital System, and I own 63% of all ACCR stock.
I could amend the article of inc, and authorize back up to 5billion shares or even 100billion shares. I could, and you know it. I don't HOMEBREW, because I believe in DESTINY. ACCR in our past had 5billion AS. We did. Look it up. I am trying to do the RIGHT THING in ACCR.
ACCR is not a scam. This ISSUER is CLEAN.
I have a DREAM, please do not take that away from me. I believe right now......ACCR IS HOT!
THERE IS NOTHING WRONG WITH THE DIRECTOR CHEERING FOR MY SHAREHOLDERS TO WIN....CHECKMATE!
PATRICK
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