Borzak
Bronze Baron of the Realm
- 24,702
- 32,093
May be a small uptick for two companies I have money in, but the're private.
Investing General Discussion
- Thread starter Furious
- Start date
May be a small uptick for two companies I have money in, but the're private.
Sanrith Descartes
Von Clippowicz
- 41,535
- 107,627
Feeling happy I took some profit off the table late last week of companies that weren't long term holds. The China lambasting of defense stocks has them looking appealing again. It might be the week to get back into industrials for another cycle.
Sanrith Descartes
Von Clippowicz
- 41,535
- 107,627
lol. the investors lament. I had a few positions I think had gotten the most recovery out of the crash that they were going to see in the near future and cashed them in. I also had some positions that had exceeded my 5% max position due to great returns and i trimmed them down some.
Sanrith Descartes
Von Clippowicz
- 41,535
- 107,627
I honestly expect another 3-5% in drops before Friday and maybe more on Friday at the close.
Fogel
Mr. Poopybutthole
- 12,258
- 45,778
I kinda hope so, I have my 401k roll over that I need to dump back in, would be perfect timing
Falstaff
Ahn'Qiraj Raider
- 8,313
- 3,169
My biggest position is Facebook right now. I thought about selling some but I feel like after SNAP they might do really good on earnings and see a big pop. Enough to recover from how much they'll go down this week? Probably not, so in hindsight I probably should have pulled some cash.
Sanrith Descartes
Von Clippowicz
- 41,535
- 107,627
Sanrith Descartes
Von Clippowicz
- 41,535
- 107,627
Fogel
Mr. Poopybutthole
- 12,258
- 45,778
I've been doing good on options with them actually, was able to sell puts at 9 and 9.5 strikes at .2 a share. Got assigned at 9.5 once and am now using that for calls at 11
Was suprised to see AMD down so much today, but I guess thats on the news of them buying xilinx
- 1
Sanrith Descartes
Von Clippowicz
- 41,535
- 107,627
FVAC
Merger Vote date 11/14
Fortress Value Acquisition Corp. and MP Materials Announce Effectiveness of Registration Statement for Proposed Business Combination
Special Stockholder Meeting Scheduled for Friday, November 13th, 2020
NEW YORK--(BUSINESS WIRE)-- Fortress Value Acquisition Corp.(FVAC) , a special purpose acquisition company sponsored by an affiliate of Fortress Investment Group LLC (“Fortress”), today announced that the U.S. Securities and Exchange Commission (“SEC”) has declared effective the registration statement on Form S-4 (as amended to the date hereof, the ”Registration Statement”), which includes a proxy statement/consent solicitation/prospectus in connection with its special meeting of stockholders to consider the previously announced business combination (the “Business Combination”) with MP Materials (“MP Materials”). MP Materials is the owner and operator of Mountain Pass, the only rare earth mining and processing site of scale in North America. FVAC has commenced mailing the definitive proxy statement/consent solicitation/prospectus relating to the special meeting, which will be held on Friday, November 13, 2020. The proxy statement/consent solicitation/prospectus is being mailed to FVAC’s stockholders of record as of the close of business on October 12, 2020 (the “Record Date”). Should the Business Combination be approved by stockholders, FVAC and MP Materials anticipate closing the Business Combination the week of November 16, 2020, subject to satisfaction or waiver of customary closing conditions.
Additional Information About the Business Combination and Where to Find It
The Registration Statement includes a proxy statement in connection with FVAC’s solicitation of proxies for the vote by FVAC’s stockholders in connection with the Business Combination and other matters as described in the Registration Statement, and a consent solicitation statement in connection with MP Materials’ and SNR’s solicitation of consent by their respective unitholders in connection with the Business Combination, as well as the prospectus relating to the offer of the securities to be issued to MP Materials’ and SNR’s unitholders in connection with the completion of the Business Combination. FVAC is mailing a definitive proxy statement and other relevant documents to its stockholders as of the Record Date. FVAC’s stockholders and other interested persons are advised to read the definitive proxy statement/consent solicitation/prospectus, in connection with FVAC’s solicitation of proxies for its Special Stockholder Meeting to be held to approve, among other things, the Business Combination, because these documents contain important information about FVAC, MP Materials and the Business Combination. Stockholders may also obtain a copy of the definitive proxy statement/consent solicitation/prospectus, as well as other documents filed with the SEC regarding the Business Combination and other documents filed with the SEC by FVAC, without charge, at the SEC’s website located at www.sec.gov or by directing a request to 1345 Avenue of the Americas, 46th Floor, New York, New York 10105, Attention: R. Edward Albert III, President ([email protected]), CC: Alexander Gillette ([email protected]).
Participants in the Solicitation
FVAC, MP Materials and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from FVAC’s stockholders in connection with the Business Combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of FVAC’s stockholders in connection with the Business Combination is set forth in proxy statement/consent solicitiation/prospectus as filed with the SEC. You can find more information about FVAC’s directors and executive officers in the Registration Statement. Stockholders, potential investors and other interested persons should read the proxy statement/consent solicitation/prospectus carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.
About MP Materials
MP Materials is the owner and operator of the Mountain Pass Rare Earth Mining and Processing facility, the only integrated site of its kind in the Western Hemisphere. With over 270 employees, MP Materials produces approximately 15% of global rare earth materials, essential for the development of technologies such as defense systems, smartphones, drones, and electric vehicles. It operates a green mining and processing facility and is currently one of the lowest-cost producers of rare earth concentrate. MP plays a leadership role in advocating for a more robust and competitive rare earths industry in the U.S. More information is available at MP Materials.
About Fortress Value Acquisition Corp.(FVAC)
Fortress Value Acquisition Corp. (FVAC) is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, and is sponsored by an affiliate of Fortress Investment Group LLC.
Forward-Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as “ estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and expectations related to the timing of the transaction, including the anticipated closing date for the Business Combination. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of MP Materials’ and FVAC’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of MP Materials and FVAC. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the Business Combination; the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Business Combination; the risk that the approval of the stockholders of MP Materials or stockholders of FVAC is not obtained; the risk that any of the conditions to closing are not satisfied in the anticipated manner or on the anticipated timeline; failure to realize the anticipated benefits of the Business Combination; risks relating to the uncertainty of the projected financial information with respect to MP Materials; risks related to the rollout of MP Materials’ business strategy and the timing of expected business milestones; risks related to MP Materials’ arrangements with Shenghe; the effects of competition on MP Materials’ future business; risks related to political and macroeconomic uncertainty; the amount of redemption requests made by FVAC’s public stockholders; the ability of FVAC or the combined company to issue equity or equity-linked securities in connection with the Business Combination or in the future; the impact of the global COVID-19 pandemic on any of the foregoing risks; and those factors discussed in the Registration Statement under the heading “Risk Factors,” and other documents of FVAC filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither FVAC nor MP Materials presently know or that FVAC and MP Materials currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect FVAC’s and MP Materials’ expectations, plans or forecasts of future events and views as of the date of this press release. FVAC and MP Materials anticipate that subsequent events and developments will cause FVAC’s and MP Materials’ assessments to change. However, while FVAC and MP Materials may elect to update these forward-looking statements at some point in the future, FVAC and MP Materials specifically disclaim any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing FVAC’s and MP Materials’ assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Merger Vote date 11/14
Fortress Value Acquisition Corp. and MP Materials Announce Effectiveness of Registration Statement for Proposed Business Combination
Special Stockholder Meeting Scheduled for Friday, November 13th, 2020
NEW YORK--(BUSINESS WIRE)-- Fortress Value Acquisition Corp.(FVAC) , a special purpose acquisition company sponsored by an affiliate of Fortress Investment Group LLC (“Fortress”), today announced that the U.S. Securities and Exchange Commission (“SEC”) has declared effective the registration statement on Form S-4 (as amended to the date hereof, the ”Registration Statement”), which includes a proxy statement/consent solicitation/prospectus in connection with its special meeting of stockholders to consider the previously announced business combination (the “Business Combination”) with MP Materials (“MP Materials”). MP Materials is the owner and operator of Mountain Pass, the only rare earth mining and processing site of scale in North America. FVAC has commenced mailing the definitive proxy statement/consent solicitation/prospectus relating to the special meeting, which will be held on Friday, November 13, 2020. The proxy statement/consent solicitation/prospectus is being mailed to FVAC’s stockholders of record as of the close of business on October 12, 2020 (the “Record Date”). Should the Business Combination be approved by stockholders, FVAC and MP Materials anticipate closing the Business Combination the week of November 16, 2020, subject to satisfaction or waiver of customary closing conditions.
Additional Information About the Business Combination and Where to Find It
The Registration Statement includes a proxy statement in connection with FVAC’s solicitation of proxies for the vote by FVAC’s stockholders in connection with the Business Combination and other matters as described in the Registration Statement, and a consent solicitation statement in connection with MP Materials’ and SNR’s solicitation of consent by their respective unitholders in connection with the Business Combination, as well as the prospectus relating to the offer of the securities to be issued to MP Materials’ and SNR’s unitholders in connection with the completion of the Business Combination. FVAC is mailing a definitive proxy statement and other relevant documents to its stockholders as of the Record Date. FVAC’s stockholders and other interested persons are advised to read the definitive proxy statement/consent solicitation/prospectus, in connection with FVAC’s solicitation of proxies for its Special Stockholder Meeting to be held to approve, among other things, the Business Combination, because these documents contain important information about FVAC, MP Materials and the Business Combination. Stockholders may also obtain a copy of the definitive proxy statement/consent solicitation/prospectus, as well as other documents filed with the SEC regarding the Business Combination and other documents filed with the SEC by FVAC, without charge, at the SEC’s website located at www.sec.gov or by directing a request to 1345 Avenue of the Americas, 46th Floor, New York, New York 10105, Attention: R. Edward Albert III, President ([email protected]), CC: Alexander Gillette ([email protected]).
Participants in the Solicitation
FVAC, MP Materials and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from FVAC’s stockholders in connection with the Business Combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of FVAC’s stockholders in connection with the Business Combination is set forth in proxy statement/consent solicitiation/prospectus as filed with the SEC. You can find more information about FVAC’s directors and executive officers in the Registration Statement. Stockholders, potential investors and other interested persons should read the proxy statement/consent solicitation/prospectus carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.
About MP Materials
MP Materials is the owner and operator of the Mountain Pass Rare Earth Mining and Processing facility, the only integrated site of its kind in the Western Hemisphere. With over 270 employees, MP Materials produces approximately 15% of global rare earth materials, essential for the development of technologies such as defense systems, smartphones, drones, and electric vehicles. It operates a green mining and processing facility and is currently one of the lowest-cost producers of rare earth concentrate. MP plays a leadership role in advocating for a more robust and competitive rare earths industry in the U.S. More information is available at MP Materials.
About Fortress Value Acquisition Corp.(FVAC)
Fortress Value Acquisition Corp. (FVAC) is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, and is sponsored by an affiliate of Fortress Investment Group LLC.
Forward-Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as “ estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and expectations related to the timing of the transaction, including the anticipated closing date for the Business Combination. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of MP Materials’ and FVAC’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of MP Materials and FVAC. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the Business Combination; the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Business Combination; the risk that the approval of the stockholders of MP Materials or stockholders of FVAC is not obtained; the risk that any of the conditions to closing are not satisfied in the anticipated manner or on the anticipated timeline; failure to realize the anticipated benefits of the Business Combination; risks relating to the uncertainty of the projected financial information with respect to MP Materials; risks related to the rollout of MP Materials’ business strategy and the timing of expected business milestones; risks related to MP Materials’ arrangements with Shenghe; the effects of competition on MP Materials’ future business; risks related to political and macroeconomic uncertainty; the amount of redemption requests made by FVAC’s public stockholders; the ability of FVAC or the combined company to issue equity or equity-linked securities in connection with the Business Combination or in the future; the impact of the global COVID-19 pandemic on any of the foregoing risks; and those factors discussed in the Registration Statement under the heading “Risk Factors,” and other documents of FVAC filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither FVAC nor MP Materials presently know or that FVAC and MP Materials currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect FVAC’s and MP Materials’ expectations, plans or forecasts of future events and views as of the date of this press release. FVAC and MP Materials anticipate that subsequent events and developments will cause FVAC’s and MP Materials’ assessments to change. However, while FVAC and MP Materials may elect to update these forward-looking statements at some point in the future, FVAC and MP Materials specifically disclaim any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing FVAC’s and MP Materials’ assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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Sanrith Descartes
Von Clippowicz
- 41,535
- 107,627
I cut out of FB and took profit. I was up 30% in 3 months. Combination of uncertainty of election/earnings and that I dislike their censorship. I obviously still hold some via ETFs but it is what it is. I am still a whore at heart though, and if it crashes post-election I will probably buy back in.
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Big Phoenix
Pronouns: zie/zhem/zer
- 44,790
- 93,648
AMD killed it but that acquisition. Muh share dilution! AMD could be $100/share but no mommy sue says we have to buy Xilinix.
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Sanrith Descartes
Von Clippowicz
- 41,535
- 107,627
Sanrith Descartes
Von Clippowicz
- 41,535
- 107,627
PLTR now up +5% on the day. Now 7.5%
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Sanrith Descartes
Von Clippowicz
- 41,535
- 107,627
Closed out my second set of calls on DAL in a week. Worth about 2.2% profit of my DAL holding in a week.
Got a limit in to sell $12.5 covered calls on PLTR out about 3 weeks. Lets see if they hit today.
Got a limit in to sell $12.5 covered calls on PLTR out about 3 weeks. Lets see if they hit today.
Fogel
Mr. Poopybutthole
- 12,258
- 45,778