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Monday, August 31, 2020 9:18:10 PM
You get to go right to nasdaq. You get financing. Your filings are all taken care of. No legit company, especially ones like TRANS U and Sirius are going to want to go through the headaches of trying to go public via a non filing pink when they get just do it via a SPAC and have everything taken care of right right away. It makes no logical sense.
I was told by many here that the reason why JG would not do a SPAC is because he owned so many shares in PASO. Well, his shares were just diluted by 500% with this AS raise so that just went out the window.
What makes way more sense is insiders see a stock price at .045. They got shares at .001. And they want to take their profits while they can.
I am sorry to have to break this to people but imo this is absolutely what is happening.
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