By - SPACsBot
since you guys have given me so much bad advice, what’s your least favorite SPAC? i’ll buy it tomorrow
GRNV is by far the worst and SWBK is a close second. Just look at those 1 and 6 month charts! Godspeed and don’t thank me.
Is that the ticker for Social Capital Acquisitions and Mergers? Where can I buy it??
already bought! will buy more tomorrow though
Friendly PSA for everyone that there's a big lock up expiry for CLOV 7/5. We already know our scammy friend has no qualms about dumping his bags from SPCE. :)
Any amazing, unbelievably great deals on warrants under $1 today?
I still think GRNS has potential once it gets switched to OTC think it got slammed because of that.
Have you heard of this new SPAC acquiring a company with cutting edge tech out of the Midwest, awaiting imminent creation a new generation of batteries with civilian and government applications
i understood that reference
call me crazy but I'ma keep buying gsah
You're crazy man. You're fucking crazy.
To my accountant:
Well, you look nervous. Is it the GSAHs? You wanna know how I got 'em?
I am selling but will keep some exposure adding more 11/19 7.5 calls
7.50 gang gang
It’s crazy how many “great team” spacs I’m bagholding while random no name 150m trust spacs find companies that pop off like they’re merging with Apple part 2.
you may or may not want to check out amaow.
Are you saying that like it’s just like the rest we listed or better
It’s not a great team, but it’s a random low trust 1/2 per unit warrant looking in a unique industry that trades in the .50s.
Totally the type of spac that pulls a rabbit out it’s hat. I’ll check it out thanks
You should check out AJAX
I would’ve had more fun dousing myself with an actual cleaning product can of AJAX
Check it out? I’ve been renting a room in that Hotel California for over half a year...longer. It’s nice having a Cazoo to add to my Canoo
What about CANO?
Don’t have that but it’ll probably do better than the other two
AJAX, QELL, GSAH, IPOF...rip
RTP, BTWN, SVFA...the list goes on and on lmao
Getting DP’d by CCIV and SOFI today wasn’t fun. Had to end the pain on CCIV. Hope SOFI can finally ascend.
Sold some SOFI CSP for $20. I think we good fam
My SOFI 7/16 25 short calls made it easier on me
Brace for CCIV going sub $20, then a rumor leaks and it goes back to $25...is it Round 3 or Round 4 this time?
So ready to sell puts when it gets under 20
All I know is I should’ve been selling covered weeklies for months now. I would’ve made my cost basis sub NAV by now
I know I’ve said this a lot, but ive never been so indecisive on a stock as I have with AACQ. Already missed out on a lot of warrant gains by sitting on the sidelines, which makes me even more hesitant.
I guess I’ll leave my stop buy order for commons in place in case it pumps and go from there. I really like the company but it being pinned at $10 scares me
I would open some junk buys in warrants for fun and see what fills.those things should definitely go above 3 once the ticker change happens imo. Even if we get smashed again they’ll recover if you are willing to hold for a while.
Warrants actually strike me as safer than commons over the change. There’s at max 20% downside in the warrants to 2 even if commons dump to high 7s when I think about it. Maybe it could ZEV to 1.5 and take 40% off, but I think it is higher quality than that.
I'mma be real with you guys, today was pretty brutal.
My two biggest positions (STEM until Russel integration, and LEV for the near future) got hammered. And for no reason I can figure out at the moment, either. I guess just the ebb and flow of the market. But owch.
hang in there.
Aw thank you. The numbers were just surprising to see but it's nothing stressful for me so I'll be quite ok! Hope you're doing well yourself.
I am with you in STEM .. my other was CCIV .. overall 6.5% red for me.. no apparent reason, just the pull back after a good run I guess
Yeah you have to expect profit taking to happen. Kinda pissed at myself cause I was seriously considering selling a portion this morning and waiting for a dip to buy back in. But I was like "ah how big can that dip be." Well... big enough haha!
I sold STEM last Friday, and loaded up on puts. I’m expecting a continued drop to at least 27-28, more likely 22-23, based on historical price trends.
Great stock to hold long term, in my opinion, but short term you should expect a lot of volatility...
I doubt it'll go down that much. The massive price drop you see in its historic trends is common to most SPACs due to the market's implosion in mid-Feb. But I guess the future will tell us who's right! Good luck!
I own shares of HEC that I want to get rid of for $10. Have I missed the redemption window? I got an email saying voting ends the 16th (tomorrow). I already voted and voted NO on everything. The past few days you can see the commons have been trading at 9.99 or 10.00, but then on Monday the floor dropped out for some reason and it's in the 9.80s. Can I call my broker still and have them give me the NAV?
You have to redeem at least 2 business days prior to the vote so you had until close of business on the 15th (normally 5pm ET) to redeem with the meeting held on the 17th (although most brokers would probably require an additional day to process your request I'm not sure).
The floor dropped out earlier because the shares must be settled in order to redeem (so arb funds stop buying a couple of days earlier which drops out the NAV floor).
I think the redemption window opens after the vote, but i don't know Google it or search this group.
Going to sell a some pre DA to do a lil buying, which would you sell. Have additional warrants in LFTR and CRHC
GSAH (10.06), LFTR (9.68), GFX (9.65), or CRHC (9.85)
What are you buying? I think for pre LOI you can't really make an informed choice, pick whatever you don't like for some reason.
LFTR warrants have been picking up lately while the the commons tank same with crhc.
i personally have been selling LFTR commons to buy other pre da warrants. so inverse me cause i suck at this stuff.
disclosure: i suck at this stuff. and what is gfx, does it have cheap warrants lol
GFX is searching for a fintech in Europe, got an interesting enough team, 6 months old now. Warrants (1/2 pe U) are ~ .8x.
Like it and AVAN for euro focused. AVAN is ~ 2x trust size and a couple months older. I sold my warrant position today at 1.04, should be able to get fills under 1.
got some AVAN warrants already but good looking out. GFX warrants coming up tomorrow with my PCP...C.
GSAH for sure
GSAH would by my pick just because you know the target and market has not reacted positively and hype was it seems unlikely, DA valuation could change it ofc, but I would rather just move on if I dont love the target to another lootbox. Up to you ofc.
Was high level thinking of Bark entry after dip today. Can someone give a quick explanation on bull case here? Seems everyone is a fan.
Just took a 5 second look at investor presentation and seeing negative EBITDA through 2023 with pretty significant adjustments and only ~35% revenue growth (after 17% ‘20). What am I missing on this?
High gross margin, high retention/loyal base are the two big ones. +Pet industry boom
The stock would probably be much higher right now if they had a positive EBIDTA
Edit: I think the recent analyst PT of $14 and $16 are pretty fair. The biggest if is whether their new product lines can take off or not
I read an article recently that said pet adoption centers are getting overrun because people are returning their pets acquired during the lockdowns. Not sure that the pet industry is still booming.
I heard that as well. Don’t know the actual numbers but I’m sure the growth will slow down compared to last year. Definitely something to consider.
Sort of like saying I’d be much taller if I was 7 feet though right?
Lol exactly. I’m not as bullish with BARK as others here I think. I see the potential but there’s a lot of risks:
- “new” competition
- reduce in quality / customer loyalty
- new product lines fail
- pet industry declines after covid
I think right now is a good entry. Anything above $12 then I don’t think its wroth it
Tbf, if everyone here is a fan shorting is likely the most profitable option...
I sold calls
Ok boys, the KPLT comments will stop soon I promise I promise, I am part DCRC bagholder too after all...BUT, this afternoon KPLT released their first real financial data that we've been able to get a look at besides raw earning numbers. So I wanted to do some comparisons to Affirm to see how they hold up. My opinion is that they are pretty damn good, they may be a 'non prime" lender but their numbers on who actually defaults are almost **identical** to Affirms. For the three months ended March 31st:
**Percent of revenue lost to bad debt (this would be a lagging metric, since it takes time to default)**
Affirm: 6.3 % of revenue (14.537m loss / 230.6m Rev)
Katapult: 6.0% of revenue (4.887m loss / 80.63m Rev)
**Percent of lost revenue recovered:**
Affirm: 29.5% recovered (4.292m recovered / 14.537m loss)
Katapult: 28.668% recovered (1.401m recovered / 4.887m loss)
You’re not quite right - Affirm sends “bad customers” (40-60% of all customers) to Katapult. But it is not true that they will just replace Katapult. It’s definitely a concern in the long term, but not in the short term. Here is why
1. Today they said clear as day they are going to be adding more partnerships like Affirm
2. Katapult can make money off of these customers. Affirm cannot. A few reasons.
* Katapult has specifically built their model for these customers.
* Affirm gives their customers a proprietary “credit score” between 0-100…. 98% of Affirms revenue comes from the people who score at least 90% 0%. The number in the bottom 90% has been growing but is still only at 2%. You can clearly see they are heading in that direction due to the trend, but we don’t know what their scores represent exactly.
* Affirm securitizes their loans and sells them off. This is an extremely complicated process already, adding in non-prime customers to the mix here complicates things greatly.
3. Affirm, like Katapult, has a warehouse credit facility they use to finance loans to customers. Affirm’s debt covenants on this credit facility require they maintain a certain standard of default rate. If they don’t have the model to underwrite this risk, and they try to persue it and fail, they could lose the ability to finance their prime business.
4. Affirm, overall, has very little of the total eCommerce penetration it can achieve. They are unlikely to spend R&D much time pushing the non-prime front when they are already growing so successfully with prime buyers.
Thanks for doing a deep dive on there financials. I had assumed there writeoffs would be higher than Affirms offset by there higher interest charges. They tend to stick with durable goods which are more sticky than other purchases. You aren't going to default on tires which are the way you can drive to work over a peloton bike you bought on a whim.
Yes exactly!! The example the CEO gave about this was a lesson he learned during 2008 when talking to auto loaners - he said they told him they don't loan to people in NYC because people there don't need their cars to get to work. Different company different time, but the story obviously stuck with the CEO enough to retell it 13 years later.
Meanwhile competitors like Sezzle do....fashion.
I’ve heard enough , it’s going to zero like bark 👍 too much revenue and cagr
Did Kookreport trigger the ASTS pump today? He posted an elaborate DD to /r/stocks at about the same time the stock starting ripping lmao
I thought it was an article from "The Street" triggering algos lol. Article dropped at 6:08 tho so maybe it was Kook
Edit: I Just saw how much traction it got :0 Probably was our friend Kook
My thesis has still not changed…. try harder hedgies
Not this dumb shit here too
I have 4K to put into warrants, any around $1 or $2 (has to be an impressive one) that I should look into? Currently holding 9500 THCB and 600 Sofi warrants. Sold FPAC for opportunity cost but might buy back in now that I have more money.
FPAC is taking so damn long. And fintech, so it'll probably be a major letdown. Wait, why do I have FPAC calls again???
1 is tough now, VPCBW is my fav there but it’s impossible to get fills.
Been buying cbah and ENPC, plmi, CLAA at 1 or under
FCAX got beat down today will likely try to scoop that for sub 1 tomorrow too.
FSRX is another good one that can touch 1 intraday
You're competing with me on those VPCBWs! Victory Park gets deals done quickly only third so far to DMY and DCR teams
I had a few thousand at .6x that I flipped the first time it went over 1 like a butt crumb.
Might just buy the U and split lol.
DMYQ is my biggest position
I like covaw and tvacw, both have bb rumors with travel companies which I am hoping means they will get das faster. Otherwise fpac and bwac are my go to for loading more cash in. Its a game of chance if you are trying to time das though some teams have dropped da super early others take forever.
Spread it around. That’s enough for 5 or so 1,000 warrant positions for pre target. Take a look at https://spactrack.net/activespacs/ and see what interests you.
Thanks I’ll check it out!
Just a question here , not insinuating a “squeeze” as this isn’t wsb.
Due to falling over 10% yesterday, KPLT fell under the shorting tick rule today and could not be shorted except by placing the order above the current bid. KPLT short volume today as it tanked was still 370k shares or about 22% of all volume. it was 37% on Friday!! And the short interest also massive!
Do PIPE still box their shares after receiving them or something? That doesn’t even make sense to me. Also why would they do this now as opposed to when the thing was trading at 17-18+?
It looks like the lockup period prohibits the KPLT folks themselves from
shorting. Why is there so much short activity on this stock, is there some sort of fraud from the team that I missed in my research like RIDE? Just seems fairly obvious if you’re betting on something to go down there are other bets.
Pretty much every website that reports them.
[https://fintel.io/ss/us/kplt](https://fintel.io/ss/us/kplt) note that they will have new numbers in a few days since its twice a month and the float just went up a ton. So short interest will drop. But sure volume is adjusted to daily volume and is accurate regardless.
I actually just read their earnings because you're so big on this one lol.. Katapult investor deck had 70m ebitda planned for 2021. This was reduced to 50-60m. Might just be down on that new guidance.
That's only half right. This was "reduced" down in April in their analyst presentation and has been known for a while now. But it was lowered for the following reasons:
* 10m increased spend in growth planned to accelerate growth opportunities
* 5m for increased insurance costs for FSRV (which hit almost all SPACs)
This isn't really alarming at all to me. One is increased growth spend and the other is essentially one time SPAC cost.
But today they made it clear these numbers are still the guidance with only 2 weeks left in Q2. So all according to plan.
You can find this information on this slide specifically:
The full presentation from April:
Honestly bro fuck it I hope KPLT does somehow squeeze and goes to 100, you deserve it
👊thanks bro , love the community here even if my plays don’t work out . Going to hold though, high conviction play for me
Hey man I'm still in, doubled down at $11.26. It's just a solid investment with meaty financials. Short swings aren't gonna change that.
Glad to hear it and I agree 100% , just tough to see days like this :)
I feel the same way about TRON as Spongebob and Patrick felt about the magic conch
This is a 10/10 comment! If you don’t have time for a little TRON joke now and again, then you should probably put down your phone, take a deep breath, and try and relax your jaw muscles.
Alright, what is TRON? I tried Googling it yesterday and couldn't figure it out.
Dm used to be Tron back when it was an spac
DM was TRNE iirc
Now that you mention it you might be right about that
Desktop Metal? So how is there still a TRON security trading at 0.0015 according to spacsbot?
Idk some kinda glitch it seems like to me.
Ohhhh OK, that makes so much more sense.
What did I do fam
TDA shows PCPC with a volume of 1 share today. Somebody really breaking the bank! 15k warrants though.
so why is PCPC an interesting buy if it has absolutely no volume? i’m being sincere
The team is pretty good fwiw, and they have a different incentive structure for sponsors, much more retail friendly. If I remember correctly it was based on the prices of the stock at certain points. Also its $25 NAV not $10 so smaller float if that matters to you. Warrants are around $2 which are pretty cheap for a $25 stock, basically equivalent to a regular spacs 80 cent warrant as I see it. But obviously no ones picking up a 10,000 share position any time soon!
hmmmm screw it im in. newest warrant position, welcome to the family tomorrow. although it IPO’ing in February is a bit young for my taste
Honestly it was pretty unique and I wanted another warrant position so it fit the bill.
Haha omg i checked and you are right, never seen something like that before, any possible explanation?
No clue, but avg volume is only 2.3k the shares NAV is 25 instead of 10 so there's a lot less shares
Whan an uninteresting stock
643 of that W is mine!
And 300 were mine! Would've been more but didn't hit my buy order.
Wait, you guys were the one pushing up the price? I had a buy order open on warrants all day that never filled.
I’ve had that since Thursday with only 68 filled, so I was making it rain today.
Same I think I got fills at 2.05 and 2.08
It’s so cheap I want to just slap the ask but that book ain’t deep lol
Yea I started buying today but more than that and the price gets pushed up too fast, I'd rather take my time and let it come to me.
Whoever is setting that $5.98 ask every evening is a funny man! I got some warrants yesterday.
Just got a email from Acorns on them becoming a public company
All publicity is good right?
Ticker is $PACX
Didn’t hurt sofi
They seem to be partnered with CNBC, I see promo videos on the CNBC twitter sometimes
Article in “The Street” mentions ASTS, probably the source of the AH volume
Kinda gross seeing ASTS in the same paragraph as NKLA. Gonna be a bumpy ride until BW3.
LMAO just read the whole thing and turns out I was taking the sentence “Want a big winner? Invest in AST SpaceMobile ASTS” outta context😂🤣, just talks about how crazy things are. I guess it fooled the algos as well tho
A buddy of mine had me play with ~$20k of SPACs and I mostly put into space tickers. Playing with fun money so might as well either hit big or lose it all.
lol A few months ago, some hedge fund guy was saying if you're going to play spacs might as well go with ASTS basically because if you're going to lose then might as well go with the one that could really hit it big if it hits at all. I bought 10 shares @ \~$17 and 10 more @ \~$7.
What happened to faii? Thought they had a meeting today but cant find anything about it
Nothing yet, almost 100% institutional ownership though so it would've passed.
Yeah but whens the vote though i was sure i heard it was roday
Says it was today, no recording and I doubt anyone here called in to listen to a vote.
Jws didn't post anything after theirs and the sec filings were late. Figure they'll put out some PR tmmr.
The FAII Special Meeting will be held exclusively via a live webcast at www.virtualshareholdermeeting.com/FAII2021, on June 15, 2021 at 8:00 a.m., Eastern Time.
What y’all think about PSTH
> What y’all think about PSTH
Well, the target is an actual company with revenues and cashflow.
It's unlikely to be popular here because everyone's chasing magic batteries and zero revenue spaceships.
Im long, not sure the shareholder vote is a done deal though
Lots of other things I’d rather hold.
Disclaimer I own GSAH so can’t throw stones lol.
Bill Bagman, offering investors three bags for the price of one!
Convoluted deal for an ok but boring target with a remainder that you're stuck waiting for and rights for future bag holding opportunities. Possibly a good 5 year hold but nobody in r/SPACs is looking for a SPY equivalent.
SPY beat the hell out of my -12% so far
Yeah I know but I'm just trying to answer from the SPAC mentality. r/investing is where you want to be if -12% is too scary...
lol i haven’t died yet
I'm so happy to hear that 😜
I’m fomo’ing into build a bear tomorrow
Take a deep breath, chill out, don’t throw away $$. You’ll regret it later when the initial sting of today wears off ✌️
Build a bear is a solid play
BBW will without a doubt meme at some point, mark my words. Stock ticker is a porn reference and company name is a bear reference
Is 4x in 6 months not meme’ing?
Interesting. Didn't it meme already? It's up 570% in one year.
20k volume and up 3% AH on ASTS?
Not so big that something is definitely up but ASTS doesn’t usually get anything close to that volume AH 🧐
Their a CNBC pump or something?
Edit: Asked the Stocktwits lemmings, it was about as informative as you’d expect 🤣🤣
Edit to the Edit: To be fair, we may be lemmings as well after the whole DCRC fiasco
Did some rearranging today in the port:
PRPB: 10,000 @ 9.90
APXT: 7,000 @ 10.90
APXTW: 5,000 @ 1.92
BARK: 3,000 @ 11.26
DCRC: 2,000 @ 10.40
GME: 66 @ 130.26
Have a small amount of cash, would appreciate any insight.
I personally would load some far out 7.50s for prpb and then load some 7.50s for conx, ipod, or ccac. Regardless of what you use the freed of cash for prpb 7.50 give you 4x leverage
What makes you so confident on PRPB? I’ve been watching them for awhile but couldn’t even guess when or what they’re targeting.
the track record of the management team
I know they nailed it with UTZ then they had another which did alright. What’s your hopeful price target for PRPB? I had a couple thousand warrants and I like Chinchu
ehh so dependent upon target, I am not expecting anything crazy. more or less using as a savings account
I would consider trimming some PRPB and mining for decent entries on the W. Or the long dated 7.5 calls could free up a little cash and keep you long, and take another position like CRHCW or PRPCW
I’m in ~ 60% pre DA warrants right now, too much opportunity there to hold no pre DA warrants imo but I’m fairly high on risk tolerance scale.
edit: nvm i m an idiot
FTCV, maybe wait a little before entry
i have always been skittish with crypto as I personally feel it will likely get targeted by the Fed in the coming years
Agreed, I’m thinking of it has a pure multiples/merge date play, won’t hold long term
7K shares of APXT and 10K shares of PRPB
........I don't think those numbers and small amount of cash belong in the same post
I mean cash on the side, did not mean to sound arrogant
Just busting your balls man, im a construction worker by trade. Its what we do
PACX is another good SPAC with a good target IMO, Acorns
i could see PACX doing well post merger, has been on my watchlist for a little bit
Please, my PRPB can only get so hard.
Flip warrants with your leftover cash. The profits will help cancel out any losses on your other shit and it’ll give you something to do all day
it’s quite good fun. the only place i make money lately outside of ETFs and mutual funds
I have slowly been flipping warrants, seems a fair bit have run already and the remaining ones have abysmal liquidity.
Yea they’ve definitely run a lot in the past couple weeks but some still move in ranges a lot (like TREB between 1.15 and 1.3 like every day) and honestly I still think warrants from good teams are underpriced at these levels but maybe I’m wrong
I was looking at FSRX today and it only had like 200 volume by noon lol, the spread was also like 30 cents lol
DA Davidson initiates coverage on Forest Road Acquisition with a Buy rating and a price target of $14.50.
I know I know, I’ll mark this under who gives a shit
Looking forward to this and FTOC next week
Pretty credible analyst here according to TipRanks
I’m a simple man, I see u/Fuck_CCIV, I downvote
Guess I’m always canceling out your downvotes 😉
Don’t simp for upvotes
What time does Powell speak tomorrow?
"The Fed is set to release its policy statement at 2 p.m. ET on Wednesday ... Powell's Q&A session with reporters is scheduled to follow"
Wish they would get these done and over at 9 am.
Your wish is our command