whatstheofficerproblem

Wow.. Can someone let me know what the actual hell happened today? The price of OSTRW jumped to $0.0065 from $0.0004? Insider activity? What was that? Volume spiked to 500k+

The reason I think it is just to avoid litigation is that, all the SPACs that have asked for liquidation after August 16, when the bill was passed, is the same, literally a copy and paste about how they think it will be better to liquidate before 2023 due to the 1% tax, and most of their meetings are in December. It looks as if these SPACs are just rolling through the motion than actually wanting to liquidate. The ones that liquidated kept their 'forward-looking' statements relatively small as though they want to liquidate, in the case of OSTR, there is huge BUT, it implies they have targets in mind and that they might be able to get an extension/more financial support from Alden Global.

Yep that's it, cost me $70ish. I don't think Alden Global now suddenly wants to give up on the SPAC, rather, they only want to protect themselves from litigation in regards with the new excise bill, their PRE 14A mentions in the forward looking statements that their plan to liquidate might change depending on, 'our expectations around the performance of a prospective target business or businesses' which leads me to believe they do have acquisition targets in mind. it also mentions, 'our ability to draw from the support and expertise of Alden Global' and 'potential to obtain additional financing to complete initial business combination'. From the $1.5M that Alden Global had agreed to give OSTR, they have already withdrawn $1M, not to mention the sponsors are set to lose a lot money if the company liquidates. Not to mention that Alden has already put more than $30M of their money on the table here + the sponsors have most of their risk capital in warrants which they bought at value of $1.00/warrant which would become worthless should their be liquidation.

A general question for those in the know, a lot of SPACs are filing for early liquidation/ to move their liquidation date before Dec 2022, so that there will be no additional 1% tax and to protect shareholder money since the new Excise Tax bill has been passed and will come into effect in 2023. How much of this, do you guys think is to avoid litigation later on than to really liquidate, if the shareholders vote against liquidation, only they will held responsible if there is no deal? What are your thoughts on this?

Interesting take, all the best!

I don't know if I did the right thing, but I just bought 130k of OSTRW. Randy Smith better call me today.

Silver - Invest $6000 gets $12000, $50000 gets $155950 Gold - Invest $6000 gets 35200, $70000 gets $200000 Nothing shady at all. Very conservative returns, almost thought this was a mutual fund.

That is exactly why I was second guessing if I should. There are a lot of online forums, reddit and discord servers that target SPACs and short squeeze. I don't want to pay all that borrow fee to not even make any money in the end.

Thank you for your wisdom. Will keep this in mind.

That is what I'm thinking about. A hedge sure helps, so I plan to short the common. If for some reason I believe that shorting isn't for me, I'd rather just buy rights instead of the warrants, because to lose money on those the common must fall significantly.

Yes, the warrants can 10x, also if the writeup on VIC about LIBY is true, it can even yield much more than that. All the SPACs listed above either have their own specific write-up, or a mentioned in VIC. https://valueinvestorsclub.com/idea/SILVER_CREST_ACQU_CORP_-REDH/0667062517 The above write-up had a list of many SPACs

I am starting a thread to capitalize on potential SPAC Merger opportunities that provide skewed risk/reward ratio in terms of Warrants or Rights or the Stock itself. Here are a few. LIBY - Write-up on VIC, SPAC with an Energy company that has potential, Warrants @ $0.11 ERES - Combining with a Abacus Life, Life insurance company, Warrants @ $0.20 ACAX - Merging with HWH International, Warrants @ $0.040 FEXD - Merger with Rana Financial & Mobitech, Warrants @ $0.055 JWAC - Combining with Chijet Motor Company, Rights @ $0.0899 , 8 to 1. This merger has high probability of going through, Chijet was in a merger agreement with another SPAC that fell through, since it fell through, this is a new merger with decreased valuation. PAFO - Merging with Caravelle Group Co., Ltd, which is an Ocean Technology and Shipping Company, Rights @ $0.4100

I find this Thesis a lot more compelling, and ONEW is trading below the write-up.

Morgan Wallen's 'Dangerous: The Double Album'. English is not my first language, all I ask from music is nice songwriting. And in an age where most songs are just curse words with autotune where the singer sounds dead, most of the album is a breath of fresh air. 865, Somebody's Problem, More Than My Hometown, Outlaw, Bandaid On A Bullet Hole, Sand In My Boots, More Surprised Than Me, Warning, Neon Eyes, Wonderin' Bout The Wind, Cover Me Up, 7 Summers, Still Going Down, Me On Whiskey. Heartless, Livin' The Dream, Quittin' Time. The first four are just..

Interesting, would you mind sharing your thesis on the topic? The VIC writeups have corrupted me, I want to know what makes it a long for you.

Yep that's about it, it's a cyclical business that rode the covid wave for profit, and earnings must return to normal.

Long or Short? There is a recent short thesis writeup on VIC. Oddly enough, HZO has been written five times and all five times it was a short!

The following SPACs: LIBY, ERES, ACAX, FEXD, HHGC, JWAC & PAFO have entered agreements for de-SPACs. These were on my tracking list from a VIC write up, assuming they will be successful at the merger, what do you guys suggest, the 'Rights' or the 'Warrants'? The rights are literally trading for 1-2 cents except for PAFO. While the warrants are trading at 0.0x, 10th of a cent. What would maximize returns? The companies they are merging with are decent even if they are not excellent, in my opinion. Will they hold $10 or above, never know, SPACs in general are sold into oblivion once the de-SPAC is complete, so, this has been on my mind.

Noticed something really interesting, Lee Ainslie's Maverick Capital and a lot of other Hedge Funds own a ton of SPACs. Here's where things get interesting, More than half of their holdings are not SPAC common stock, but SPAC.U - The Units. What is even more interesting is that, most of the SPACs of which this fund in particular owns Units of, are liquidating early with shareholder approval or are close to it. What do you think they are doing?

Looks like you're not in the loop, there will be two congressional ETFs, NANC and CRUZ. Really excited, I have unlocked the secret to 'Alpha' with this, Inverse Cramer and these two ETFs are enough. Soon, I'll beat Michael Platt in returns. https://www.cnbc.com/select/congressional-stock-trading-could-soon-be-tracked/

Inverse Cramer is a sure fire way to beat the market. Buying puts on Meta.

That's the thing, CFA is sought after, although I am preparing to write CFA level I, I am a junior year so I can't take the test till next year. I am looking for internships this summer. I heard getting in is the hardest part, once you're in, you can easily jump ships.

I'm an undergrad student at a 'non-target' school and I'd like the opportunity to intern come summer at a hedge fund. The problem is, most funds don't advertise, and the ones that do are big ones that hire mostly from Ivy League. When I saw memes about how a person is a legend if they make it to Wall St without rich parents or Ivy league I didn't think much of it. Now I know! So question to you guys here, I need some advice, how do I go about entering these funds as an intern, or do you guys recommend starting elsewhere?

Thank you guys!, that explains why they are so cheap relative to the $90 strike. But then if I buy $90 strike for 3.35 per option expiring in Jan 2024, and the deal closes 2023 July for $95, wouldn't I make like 140%, I'm trying to make an arb play with max profits as opposed to the standard 25% I'll get for just owning the stock outright. Will this work?

Ok, I am new to options, but looking at ATVI's option chain, I find it confusing. MSFT wants to buy ATVI at $95, The OTM call option for Jan 2024 at strike price $95 is currently trading for 0.74, assuming that the deal goes through and finalizes in July 2023, the stock goes to $95, according to Option Profit Calculator, the return is 400+%, seems too good to be true. What exactly am I missing here, please help.