Red, there is a thread here where someone engaged a 3rd party to...

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jravanti

789 Posts.

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25/08/21

09:10

Post #: 55547839
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Originally posted by RedwitchII: ↑

So good people how do we get out of the BS listing if we can't trade, Spec shares, a no win for us retailers except to sell before or during the merger rinse & repeat.
How will we know if our SAS shares can ever be sold?

WIKIPEDIA below:
Because a SPAC is registered with the SEC and is a publicly-traded company, the general public can buy its shares before the merger or acquisition takes place. For this reason they've been referred to as the 'poor man's private equity funds.'[7]

Academic analysis shows the investor returns on SPACs post-merger are almost uniformly heavily negative (however, sponsors at the flotation of the SPAC can earn excess returns),[8] and their proliferation usually accelerates around periods of economic bubbles, such as the everything bubble in 2020–2021, when the volume and quantity of capital raised by SPACs set new all-time records.[5]

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Red, there is a thread here where someone engaged a 3rd party to do an off-market transfer. It cost about a $150 from memory. This is what I am going to do next year. I hope they will go broke (officially) before that and that way I can at least save the 150 $. Otherwise, I will get rid of my 79 shares @ a loss of 19K.
Regards,
JR

SAS Price at posting: 1.6¢ Sentiment: Sell Disclosure: Held
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Red, there is a thread here where someone engaged a 3rd party to...

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