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For these SPACs the warrants (if there are any) are determined when they reach an agreement with a company to go public, is that right? And if they don't bring a company public after a certain time they return basically ~$10 per share plus interest? Is that the 50K foot view of SPACs?
You don't get your money back with warrants (they are available for VCVC, btw) if they dissolve the SPAC without reaching a deal, making them higher risk/reward. The common stock is the one where you at least get 10 bucks back if they never reach a deal.
They didn’t really “crush” earnings the way we’ve seen some companies do. That release added .79 to earnings so they beat but not close to crushing it like a lot of the tech companies were doing the last few earnings reports (except Tesla LOL). They beat revenue projections by a couple percent so again not a crush just a beat. The stock is at an ATH and up 20% in the last month so I can see why it’s not up right now since it’s revenue for this year is in between their 2017/2018 numbers.
So if I buy VCVC at 10.50 (for example) and they don't reach an agreement I would get 10 back per share and the warrants would be worthless, right? If they reach a deal the VCVC stock turns into the "new" stock and I can execute the warrants at a specific strike price, right? Or am I way off base
That release wasn't planned and is basically found money they can use for buy backs. More importantly they are saying the pandemic was just a hiccup and not an earth shattering event from a financial perspective.
Almost there. VCVC is a common stock. VCVC.W are the warrants. They are separate items.So if I buy VCVC at 10.50 (for example) and they don't reach an agreement I would get 10 back per share and the warrants would be worthless, right? If they reach a deal the VCVC stock turns into the "new" stock and I can execute the warrants at a specific strike price, right? Or am I way off base
Already at ATHs so I think the market realized that. If they were still around 100, might have popped but already up 82% from March bottom so red today.
fyi...Cosair back down to $38. Glad I sold some earlier in the week. Starting to add back.
Thanks man, really appreciate this information. In my SPAC research I somehow thought you got BOTH the shares and the warrants, but this makes more sense
The releases have absolutely been expected. People don't realize that banks had to change how they reserve for loan losses starting in Q1 (due to CECL) last year which, combined with the COVID onset, resulted in a lot of reserve build that was never going to be needed. Similarly, massive bank buybacks have also been expected.
I like them long term. I may add a little but I’m not adding much right now.
That’s if you buy it early after the IPO when it’s a U share before the split to common and warrant.Thanks man, really appreciate this information. In my SPAC research I somehow thought you got BOTH the shares and the warrants, but this makes more sense
Well, you can! When a SPAC first starts out, they start out as Units, and usually have a U after the ticker - in this case, you can get VCVCU, which is equal to one common and a warrant or fraction of a warrant (the past part varies by SPAC)Thanks man, really appreciate this information. In my SPAC research I somehow thought you got BOTH the shares and the warrants, but this makes more sense
You can. It depends on the Ticker you use.Thanks man, really appreciate this information. In my SPAC research I somehow thought you got BOTH the shares and the warrants, but this makes more sense
WTF man? Beat him by 6 minutes and kept it way more concise to make sure the Twitter enabled brains read it.
They kind of crushed for their sector, right? Unsure if it is fair to compare to the tech sector. But you know more about it than I do.
I think the market is reflecting a lot more than that. Its just the icing on the bubble/pandemic cakeKind of surprised the market doesn’t like the Biden money machine plan.
Buy the sizzle, sell the steak.Kind of surprised the market doesn’t like the Biden money machine plan.
It's just a thought for now. But what if intc new head honcho decides to not make his own chips
It was a good earnings report but the stock was up 20% this month in anticipation of a good report. Let’s just say it wasn’t a surprise good earnings. A crush would be unexpected and drive the price up. Some folks in the tech sector did crush earnings and not move much because they had gone up 40-50%, although since the end of October most have still moved up a bunch.
10 is my usual jumping on point but in this case it was 20. I don't have the account value some of these guys do to jump in at 100 shares. Also I'm working with my entire retirement account so any trades I make are not my "gambling" account, meaning I'm more conservative than most here with these funds. Diversity is hugely important to my plan as I own no index funds. I'm satisfied with stacking up a bunch of little wins. I currently have 25 SPACS that haven't converted so it adds up pretty quickly as I have between $100 to a high of $5000 invested in each. I like to leave room to add if there's a drop. If it runs, then I'll add later on days when there are pullbacks. A few minutes ago I scanned the list for anything getting hammered today. Often on days like today I'll add 5-10 shares here and there.
Pretty much everyone else uses number 1. It's just a thought. Havnt researched or anyrhing
