Nothing surprises us anymore, but it's hard to believe anyone would think this baked-in merger would create any significant upside in the short-term. B-Kid does have a point to some extent, and we said weeks ago that these valuation numbers were Disney-land (#8174). Certainly, at this point, Impact isn't close to being worth the number that was paid for, $400 million or so. It's like saying "if we build a bridge to the moon, my cousin said it would be worth $20 trillion". At some point reasoning and common financial sense has to be utilized here. How are all you Robinhood boys and girls doing today?
Don't worry, we're sure that these guys have more coconut shells up their sleeves.