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Official Spac Thread
Thread: Official Spac Thread
07-29-2021, 10:17 PM
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#3691
- RobParks2M
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Originally Posted By TugOfPeace⏩
If you are sick enough to be hospitalized you are probably going to be getting antibodies. Granted the number of people getting sick enough to require hospitalization might drop because they can be treated at home better, but as a whole I think they'll both be used for different groups. I'd bet money people who got vaccinated will be more likely to have milder symptoms and probably will be given pills to take at home. Non-vaxxed people are by far more likely to spend time hospitalized and the quickest way to treat is IV anyway. So odds are they'll get antibodies that will work faster regardless.Do you think that the coming COVID antiviral pill(s) could effect the success of BCYP if it is effective? I saw that BCYP is administered through IV which is a disadvantage comparatively
Also as far as I am aware there aren't antiviral pills that are further than phase 1 right now.
Even when Covid is gone SAB has influenza antibodies that they are working on as well. Those are their primary focus, but they've got some stuff for autoimmune diseases that could be useful too. Obviously my assumption is Covid/influenza is gonna get 'em paid tho
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08-02-2021, 11:40 AM
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#3692
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Originally Posted By TugOfPeace⏩
Glad I offloaded these a couple weeks back. They've been wasting my time for so long so I had to take the money and put it elsewhere! Is there any hope this thing finds a target this year lol?Holy moly looks like IPOF+ heading down to $1.50 range.
HTC
08-02-2021, 10:36 PM
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#3693
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Originally Posted By TugOfPeace⏩
I still think there is a legitimate chance they get Impossible. Srs. Saw some rumors on Reddit that there is some Khosla intermingling that could potentially put them in the running since Khosla Ventures are an early Impossible investor. Hope it happens and we all get fukkin paid. Either way I don't think you'll see $2.25-$2.50 without Bloomberg rumors and at that point you'll definitely want to stick around.Equinox isnt happening as of a few weeks ago and recently he started talking about batteries. If his typical 4 month timeframe applies then it's possible, but it's really anyone's guess. If warrants get to the $2.25-$2.50 range I think I'm out.
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08-02-2021, 11:30 PM
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#3694
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Originally Posted By TugOfPeace⏩
Because share price is pretty much going to be perma-stuck <$10 without credible rumors. There has been a retail shift from commons to warrants. Retail still hodling IPOF warrants even though they gave up on the commons and drove them down under $10. To be honest, it is only a matter of time before retail gives up on warrants (when they no longer "pop" on DA) and suddenly even the "premium" sponsors can't command a greater than $1 pre-DA warrant price.Interesting.. why do you think it won't go back to $2.25 - $2.50 if it was just there a couple weeks ago?
Also do Chamath's SPACs even have credible rumors? I heard he doesn't like to generate hype because it leaves bag holders and just in general it's not something he likes to do. Not only that but he believes it tends to keep things at a more honest valuation unlike something such as CCIV.
Also do Chamath's SPACs even have credible rumors? I heard he doesn't like to generate hype because it leaves bag holders and just in general it's not something he likes to do. Not only that but he believes it tends to keep things at a more honest valuation unlike something such as CCIV.
Chamath likes to pretend he's the little guy's friend and a great deal maker. I think at this point though he's accepted the disappointment he has brought his retail followers.
I've sold off a big portion of my warrant holdings. When I see opportunity I'll sell my commons and take the 3-5% hit on those as well.
Mainly holding AVAN, ETAC, and CRHC at this point aside from the 2,000 IPOFW I've got.
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08-04-2021, 05:35 PM
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#3695
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I don’t think this happens. There’s a lot of negativity over spacs atm but some of the spacs over time will rid themselves of the spac “ stench” and will do well. Some of these spacs are great companies that are just dirt cheap atm. I think the spac Reddit is looking at too small a period of time to whine. A lot could change in a year.
The warrants will keep hitting 1+ because of the time that’s been added to the warrant imo. We have a lot of great sponsors left that I think are close to announcing. There are probably 10-15 that should be deals from elite sponsors. Regardless so many ipos that there is a dislocation. If you can find some good plays no question there are some 3-10x among the pile.
However I think Bwac is ****ed lol.
The warrants will keep hitting 1+ because of the time that’s been added to the warrant imo. We have a lot of great sponsors left that I think are close to announcing. There are probably 10-15 that should be deals from elite sponsors. Regardless so many ipos that there is a dislocation. If you can find some good plays no question there are some 3-10x among the pile.
However I think Bwac is ****ed lol.
Originally Posted By RobParks2M⏩
Because share price is pretty much going to be perma-stuck <$10 without credible rumors. There has been a retail shift from commons to warrants. Retail still hodling IPOF warrants even though they gave up on the commons and drove them down under $10. To be honest, it is only a matter of time before retail gives up on warrants (when they no longer "pop" on DA) and suddenly even the "premium" sponsors can't command a greater than $1 pre-DA warrant price.
Chamath likes to pretend he's the little guy's friend and a great deal maker. I think at this point though he's accepted the disappointment he has brought his retail followers.
I've sold off a big portion of my warrant holdings. When I see opportunity I'll sell my commons and take the 3-5% hit on those as well.
Mainly holding AVAN, ETAC, and CRHC at this point aside from the 2,000 IPOFW I've got.
Chamath likes to pretend he's the little guy's friend and a great deal maker. I think at this point though he's accepted the disappointment he has brought his retail followers.
I've sold off a big portion of my warrant holdings. When I see opportunity I'll sell my commons and take the 3-5% hit on those as well.
Mainly holding AVAN, ETAC, and CRHC at this point aside from the 2,000 IPOFW I've got.
08-06-2021, 06:36 PM
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#3696
08-06-2021, 09:57 PM
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#3697
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Originally Posted By ajctennis⏩
lmao absolutely. Up to over 6,000 BCYP warrants. I think I bought 4,000 of them at 61 cents or so.Some good pre da warrant deals these days. Also seeing some cheap despacs that could do very well.
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08-11-2021, 08:47 AM
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#3698
- RobParks2M
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Earnings have not been kind to De-SPAC'd companies. Just sold 8/20 $7.5C for $2.70 against half my PAYO position. Covered the remaining half with a mix of Nov $10 and $12.5 calls. Used the money to buy a few hundred PAYO warrants which will probably go up 2-3x faster than shares would assuming it goes up at all after earnings. I have a feeling after watching AVPT hit/beat earnings and tanking the next day PAYO will probably have a similar fate. I'm not even that worried about my SOFI CCs getting taken out at $17.5
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08-16-2021, 01:18 PM
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#3699
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Yea, earnings have not been kind. Only one I held through was Cano, which actually had a great earnings, also my only despac play at the moment. Small and mid cap are getting rocked. Some great pre da warrants prices at the moment.
08-16-2021, 09:41 PM
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#3700
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Originally Posted By ajctennis⏩
Bags getting heavy af, this might be a dont login into the account unless its time to sell covered calls situation.Yea, earnings have not been kind. Only one I held through was Cano, which actually had a great earnings, also my only despac play at the moment. Small and mid cap are getting rocked. Some great pre da warrants prices at the moment.
08-19-2021, 08:26 PM
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#3701
08-19-2021, 09:40 PM
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#3702
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Originally Posted By Heaney⏩
I got massively screwed with Bill back in the VRX days, but for some reason I just can't hate him, he's just been so interesting to watch with the HLF/Soros short, all his food picks and now this.RIP psthcels
08-19-2021, 09:52 PM
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#3703
- RobParks2M
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Originally Posted By TugOfPeace⏩
Not sure why it’s so under the radar.. perhaps because it’s based out of bumfuk nowhere South Dakota? Literally every other company that even mentions having something relating to helping with covid goes to the moon fast as fuk. My primary concern though is that if their antibodies get approval and they are getting billions of dollars in contracts(2-3 billion maybe)- what is to stop them from saying JK deal is off we are worth significantly more than 300 million. That is my concern especially because I’m entirely in warrants I’d be fuked. That might be why- the deal isn’t done until it’s approved and merger is complete. The fact that commons are holding close to $10 seems positive though.Rob - was just thinking, why is BCYP/SAB so under the radar? I did some reading on what they're doing, it's pretty interesting how well equipped they are for production and whatnot, they have tons of funding and their product is promising, what gives regarding lack of interest?
I'd figure for something like this, even the government would be weary trying to issue more vaccines if the data shows that this antiviral can neutralize all variants effectively.
Edit: just lol @ IPOF warrants, $1.55...
I'd figure for something like this, even the government would be weary trying to issue more vaccines if the data shows that this antiviral can neutralize all variants effectively.
Edit: just lol @ IPOF warrants, $1.55...
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08-20-2021, 03:10 PM
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#3704
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Originally Posted By TugOfPeace⏩
Lolz bcyp has super low volume it’s not that unusual. PTICW did that some days too. IPOF won’t find support till it’s closer to $1. This **** from MUDS and PSTH fuking warrant holders over is causing many to exit their warrant positions that no longer seem like risk free money. I’ve trimmed almost all my warrant positions except IPOF and BCYP. My IPOF calls expired today and Im definitely not buying any more of those.Ipof warrants at $1.49.. 52 week low. I don't feel so good boyos
I didnt think I would ever see 0 volume on anything, but apparently BCYPW has made that possible
I didnt think I would ever see 0 volume on anything, but apparently BCYPW has made that possible
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08-20-2021, 06:19 PM
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#3705
- RobParks2M
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Originally Posted By TugOfPeace⏩
IMO all you do is limit your upside.Ackman getting sued.. companies weary of going SPAC route.. what else could go wrong lol
I'm only in ipofw/bcypw/ggpiw at this point.. but ipof is my largest bag by far
If it pops to $2.10-2.20 I'm out tbh. I wonder if I keep a limit order at those levels some sucker will bite on accident lmao
I'm only in ipofw/bcypw/ggpiw at this point.. but ipof is my largest bag by far
If it pops to $2.10-2.20 I'm out tbh. I wonder if I keep a limit order at those levels some sucker will bite on accident lmao
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08-23-2021, 11:16 AM
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#3706
08-23-2021, 12:59 PM
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#3707
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Originally Posted By mikusk⏩
Ackman is dissolving the spac and giving everyone their $20 back on the commons. For the warrant holders he royally screwed he is giving SPARC rights which are going to be more or less worthless.anybody can tldr what happend with psth ?
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08-23-2021, 01:04 PM
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#3708
08-23-2021, 01:11 PM
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#3709
- Heaney
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Originally Posted By TugOfPeace⏩
My sole thought is that I should have sold in Feb lol.Any thoughts on IPOF at this point? Only reason I would guess people are selling is because they're losing too much, I'd be surprised if they were selling because they think Chamath won't deliver.. still have until Oct 2022 for him to find a target supposedly
08-23-2021, 01:32 PM
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#3710
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Holy CRHC+ -20% drop GUHHHH
Not sure if it is even worth adding more at this point though. Seems like a bit of a lost cause.
Not sure if it is even worth adding more at this point though. Seems like a bit of a lost cause.
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08-23-2021, 04:39 PM
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#3711
- Heaney
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Originally Posted By RobParks2M⏩
PSTH single handedly obliterated every spac warrant holder.Holy CRHC+ -20% drop GUHHHH
Not sure if it is even worth adding more at this point though. Seems like a bit of a lost cause.
Not sure if it is even worth adding more at this point though. Seems like a bit of a lost cause.
08-23-2021, 06:49 PM
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#3712
- ajctennis
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Sentiment is so low right now. The combination of the ATIP and KPLT fraud basically with despacs going down hard and THEN MUDS losing their contract with MLB basically making them a shell of a company followed by PSTH dissolving- the perfect storm. IPOF is going down and either people are leaving warrants entirely or others left the warrants 1.3 and above and consolidated into warrants under a dollar.
Wish i had trimmed some of my warrant gains. I'm going to ride out my pre da warrants. I'll assess after they have announced deals, which I expect before EOY. The SEC needs to stop allowing new spacs and make it so that the sponsor will receive 0 founder shares if the spac doesn't go above $10 in 2-5 years. Incentives need to change.
Wish i had trimmed some of my warrant gains. I'm going to ride out my pre da warrants. I'll assess after they have announced deals, which I expect before EOY. The SEC needs to stop allowing new spacs and make it so that the sponsor will receive 0 founder shares if the spac doesn't go above $10 in 2-5 years. Incentives need to change.
08-23-2021, 06:58 PM
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#3713
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Originally Posted By ajctennis⏩
Agreed. I think Mr. Gary Cohn might still do me a solid, but thankfully I sold almost everything else aside from my large and in-charge IPOF position.Sentiment is so low right now. The combination of the ATIP and KPLT fraud basically with despacs going down hard and THEN MUDS losing their contract with MLB basically making them a shell of a company followed by PSTH dissolving- the perfect storm. IPOF is going down and either people are leaving warrants entirely or others left the warrants 1.3 and above and consolidated into warrants under a dollar.
Wish i had trimmed some of my warrant gains. I'm going to ride out my pre da warrants. I'll assess after they have announced deals, which I expect before EOY. The SEC needs to stop allowing new spacs and make it so that the sponsor will receive 0 founder shares if the spac doesn't go above $10 in 2-5 years. Incentives need to change.
Wish i had trimmed some of my warrant gains. I'm going to ride out my pre da warrants. I'll assess after they have announced deals, which I expect before EOY. The SEC needs to stop allowing new spacs and make it so that the sponsor will receive 0 founder shares if the spac doesn't go above $10 in 2-5 years. Incentives need to change.
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08-23-2021, 07:08 PM
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#3714
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There's still some huge money to be made on warrants although a lot of risk involved. Some of the spacs have varying prices they can call the warrants. Example Hims and now OACB and others, where if the stock is 10 they can call warrants for $2.5. So if you think shares can reach $10 you can make bank on the warrants. OACB warrants were trading 80-90 cents
Originally Posted By RobParks2M⏩
Agreed. I think Mr. Gary Cohn might still do me a solid, but thankfully I sold almost everything else aside from my large and in-charge IPOF position.
08-23-2021, 08:13 PM
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#3715
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Originally Posted By TugOfPeace⏩
There's almost literally no way chamath doesn't find a company for IPOF so we actually have 4yrs but that's not really the game I envisioned in Feb when I bought lmaoTime will help us recover hopefully.. we have more than a year for IPOF
08-23-2021, 09:54 PM
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#3716
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Haven't been here for a while. How's everyone's bags? Luckily all my spacs were in my taxable account, so I'll be trimming to off-set the gains that weren't eaten up by all my bags haha. Been waiting for the comeback, but it just seems like there's nothing but bad news, and everything after merger seems to be dumping, crazy seeing some of the post-merger companies sinking so low.
08-23-2021, 11:21 PM
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#3717
Originally Posted By RobParks2M⏩
ty, glad i stayed away from warrants, still took an L on my commons tho with other spacsAckman is dissolving the spac and giving everyone their $20 back on the commons. For the warrant holders he royally screwed he is giving SPARC rights which are going to be more or less worthless.
08-23-2021, 11:26 PM
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#3718
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In a ****load of pre da warrants and then 1 despac. Luckily i bought a new batch of warrants at the low in March. Wish I had trimmed but now Im going to wait for announcements. Still think there is better news around the corner. I think pipes will be larger starting in the fall. However, after announcements I'm most likely out of spacs for good. Hoping to make some gains and put them into index funds after or pre da shares as a defensive position.
Originally Posted By SavoyBrown⏩
Haven't been here for a while. How's everyone's bags? Luckily all my spacs were in my taxable account, so I'll be trimming to off-set the gains that weren't eaten up by all my bags haha. Been waiting for the comeback, but it just seems like there's nothing but bad news, and everything after merger seems to be dumping, crazy seeing some of the post-merger companies sinking so low.
08-24-2021, 09:31 PM
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#3719
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Originally Posted By ajctennis⏩
I'm just working with what I'm still holding, probably won't open any new spac positions. Most of my last despacs are trading much lower than their ath, should have sold the news haha. I got used to everything soaring to crazy highs. Been too busy this summer to stay on top of things. My account has had some crazy swings the past few months, been good for selling covered calls.In a ****load of pre da warrants and then 1 despac. Luckily i bought a new batch of warrants at the low in March. Wish I had trimmed but now Im going to wait for announcements. Still think there is better news around the corner. I think pipes will be larger starting in the fall. However, after announcements I'm most likely out of spacs for good. Hoping to make some gains and put them into index funds after or pre da shares as a defensive position.
Anyone still in BWAC? Heaney you still all in on IPOF?
08-24-2021, 10:18 PM
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#3720
- RobParks2M
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Sold out of BWAC entirely.
I am pretty goddam horrified about BCYP voting/redemption concerns... LWAC just approved their merger and had 97% redemptions... they had 60M pipe that kinda saved the day so there are 65.9M in proceeds thanks to the pipe... Their float is no joke 525k shares until PIPE unlocks. Not sure what their original valuation was, but holy fuk they could legit moon with any sort of buy pressure. Warrants are $0.70 each currently which might represent very solid risk/reward given that possibility.
I'm sitting on 8,000 BCYP warrants right now with offers out there to get me to 10,000... Fuark. There is the potential they get their antibody approval before they get to the vote which would likely push commons well over $10 and thus secure a low redemption #.
I am pretty goddam horrified about BCYP voting/redemption concerns... LWAC just approved their merger and had 97% redemptions... they had 60M pipe that kinda saved the day so there are 65.9M in proceeds thanks to the pipe... Their float is no joke 525k shares until PIPE unlocks. Not sure what their original valuation was, but holy fuk they could legit moon with any sort of buy pressure. Warrants are $0.70 each currently which might represent very solid risk/reward given that possibility.
I'm sitting on 8,000 BCYP warrants right now with offers out there to get me to 10,000... Fuark. There is the potential they get their antibody approval before they get to the vote which would likely push commons well over $10 and thus secure a low redemption #.
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