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JoshTaeger

11/12/21 2:16 PM

#6133 RE: WebSlinger #6129

You didn’t see the news item. DWAC is looking for “investors” for a PIPE. More cheap shares for the participants to dump on the market.
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chillswills37

11/12/21 2:36 PM

#6135 RE: WebSlinger #6129

$DWAC A bullish view on PIPE proffered by this analyst.

"There’s certainly incentive for Wall Street to consider a PIPE investment in the merged company, whose chief asset will be Trump’s social media venture, Truth Social. [...] It’s also worth noting that PIPE investments don’t just provide companies with an influx of cash pre-merger. They serve to lend credibility to the deal and likewise, to the newly minted company."

https://markets.businessinsider.com/news/stocks/dwac-stock-dips-despite-spac-progress-heres-what-to-know-1030955220 (Nov 9,2021)