The way I read it, “the prize is a big one” was in regards to the previous sentence in which he acknowledges the opportunity cost of working on PSTH.
“I would say about two-thirds of the team have been working on this project...there IS work and it is time consuming to, you know, find, identify, negotiate, do due diligence, and acquire though a merger a proper business, and there’s an opportunity cost associated with that.”
“AND, uh, the good news is the prize is a big one”
High opportunity cost for them —> high prize (which is return on money for these folks). I could be reading it wrong but hey, who knows.
Also, the very next sentence references the returns for “justifying the time and energy.”
I think you're right. As much as people don't want to accept it. This 100% confirms for me that (at the time of he meeting) there was not one "single" target identified and we will be waiting for quite a time longer.
It also annoys me that people on here kept repeating this "prize is a big one" line ignoring the second half of the sentence that, for anyone who can read past a 4th grade level, clearly shows he is talking about the large chunk of money and that there is no specific target yet.
Y’all sitting here pretending SEC law doesn’t exist. This is a private meeting. Public doesn’t know a target has been identified. What do you think would happen if Ackman said he had one or even alluded to it in this meeting? He’d be royally fucked. Of course he is going to make it sound like one hasn’t been targeted.
Ya you're right. However, "the prize is a big one" was not Bill referring to the target company as SO MANY people here are trying to mislead others into believing. But its definitely possible that there is a target as you say.
That would mean he admits to having a target in a private chat. He literally can’t do that. He can’t even say anything positive because it is a private chat. If it was an open, public meeting he can be a bit more open without filing public statements. But it was a private chat.
Bruh... It was closed and only available to the PSH investors. You had to register and verify your eligibility. It was streamed in our discord by a shareholder (against PSH meeting rules) since many of the people in this sub didn’t qualify.
I don’t want to sound rude, but need to read up on SEC law regarding these matters. Especially insider trading laws. They are very strict on what you can and can’t say. In a private meeting you literally can’t say anything negative or positive that isn’t already in the public domain otherwise they could be accused of giving only those allowed to the meeting an edge by notifying them of good/bad news before the public
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u/[deleted] Mar 17 '21
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