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The big question I have here is, UMG will trade in a Q3 IPO, but on an Amsterdam exchange. Not a US listed company? How does that even work with a US brokerage? Does this trading on a Euro exchange have obvious negatives vs trading on US exchanges? @Sanrith Descartes @Blazin

This is the ELI5 version: PSTH DEAL BREAKDOWN First of all, we got a menu. The burger: UMG (Universal Music Group) But this burger is special. We are getting a premium burger, not the dollar one. UMG will IPO on the Amsterdam Exchange in 2021 Q3. We will actually get the pre-IPO shares. This...

Fuck me, Ackman redefining the SPAC game. SPARC gives PSTH common owners rights at $20 nav with no opportunity cost! Exercisable only after a DA. So, no locked up capital and you will actually know the target before exercising the $20? Rolls forward into future SPARCs? Man, this is a lot to...

PSTH Investor Relations Press Release: https://pstontine.com/wp-content/uploads/2021/06/PSTH-Press-Release-6.4.2021.pdf 3 for 1 deal? This is going to get a lot of press and attention today. PSTH shares are up in European markets.

https://www.bloomberg.com/news/articles/2021-06-03/amc-looks-to-issue-25-million-more-shares-after-2-300-rally?srnd=premium&sref=9HT8lz40 AMC prints new shares like:

What the? Reading some crazy stuff. PSTH to remain a publicly traded ticker. Current owners get UMG shares, plus 1.5B leftover in PSTH to find a second target!? We get a 2 for 1 deal here??

This guy right here. (He used the same phrase referring to PSTH1 holders getting first dibs on PSTH2 at nav)

Also re UMG: What is this? An actual profitable company for a spac acquisition?

Article from last year re UMG / Spotify (old valuation). https://www.musicbusinessworldwide.com/universals-stake-in-spotify-is-worth-over-1-6bn-but-its-got-no-plans-to-sell-up/

I had GTC orders set for 22 and 21.50 for months. Neither executed in the panic, as I hadn't set to GTC-EXT. #sadpanda This seems like a solid deal to me. Devil will be in the details for valuation / % ownership etc. @Sanrith Descartes to your above comment: Been reading UMG has some crazy...

It will be interesting to see how COIN reacts to this news. They have basically 0 moat for other sources of revenue, no?

50% of AMC trades today happening in the Dark Pools. Hedge funds doing their thing. The retail story is just media nonsense for views.

@Sanrith Descartes do the same on F. My boomer money maker this year.

You literally can't make this shit up... read the 8K filing for the new shares issuance for AMC. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001411579/000110465921076091/tm2118373d2_8k.htm 2nd page or so.. AMC literally telling investors not to buy their stock!!

AMC up another 20% premarket. Sitting at $75 currently.

Someone gonna roll AMC down a hill for a promo vid!? Side note.. you paper handed bitches: *not mine, but real

AMC closing in on $50.

Wow, AMC up 30% at ~$41.50 this morning.

I think that is more institutional buys with da potentially near. Lots of wacky price action over the last 2 weeks. Trickles down on price, then massive buy orders spiking price repeatedly over days.

More Cathy investment wisdom: https://www.bloomberg.com/news/articles/2021-05-25/cathie-wood-ditched-virgin-galactic-stock-right-before-it-surged?srnd=premium-europe&sref=9HT8lz40

Some top tier trolling (Stripe + PSTH).

Another AMC squeeze into the close here. $16.25 and gaining (price and volume)

CNBC segment on Ackman's spac PSTH and flubbed "trading 1.5x nav". Ermm.. no talkinghead.. no.

GME / AMC mooning again. GME currently $217 AMC $15.70

Nothing that he hasnt said previously. "Weeks", however they will announce if it does or does not go through. They already have multiple targets for aquisition if the deal doesn't go through. Doesn't exactly sound bullish either.

PSH Q1 Conference call happening right now. Listening in for any updates (doubtful).

Bloomberg prints money too. $10B revenue per year. Happy to take that over some unprofitable speculative EV company / tech like a lot of the other spacs have taken on.

Backing up @Blazin and @Sanrith Descartes Daytrades: Lightspeed Swing Trades: TD Ameritrade (Think or Swim) 401k Brokeragelink: Fidelity (Active Trader Pro)

I genuinely do not get the NVDA (TSLA before it) price spike on split announcements. There is no fundamental or value change. Retail can always buy fractional shares.. so why the price spike!??

@Sanrith Descartes LAZR popping on reports Tesla is testing LiDAR on a model Y.

US Treasury calling for all crypto transactions over $10k to be reported to the IRS. (same as standard banking transactions)

Crypto hit again. Biden says IRS staffing doubling to target crypto.

CEO is a poor speaker. Fuck all price movement happening.

Jam City CEO coming up next on CNBC. If there is going to be any price movement today, this would be it.

XPOA

XPOA.WS (warrants) hammered. -12% Trading $1.10 *edit* $1.07 / -14.5%

Oh yea, not completely irrational here..lol. Just a tiny piece.

6k shares were me dumping. Opportunity cost .. moved on and grabbed some more GSAH. Guess I am a sucker for spac pain.

Only thing that seems odd for the Bloomberg deal is, its been held up for "complexities that Ackman have been solving on their behalf" (per his WSJ interview). Bloomberg seems like it would be a pretty straightforward deal to me. Stripe / Plaid has complexities, Starlink has complexities .. I...