|
In this instance, its lot more than the Trump curse.
The SPAC is taking a company, nominally their revenues are under $40 Million a year and valuing it at $1.7Billion and find enough suckers to pay the inflated stock price through an IPO. In fact, they are expecting the stock to go higher and why Trump (who owns 90% of the SPAC) is expecting a $4Billion payday, except even he knows it will only last for a day or two and why he is asking permission to sell his stocks on the day of the IPO, instead of waiting the required six months. I expect the stock to tank at the end of the first day with vultures cashing out leaving the clueless Goobers holding on to a worthless asset.
__________________
White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
|