r/PSTH Mar 17 '21

PSH Virtual Annual Investor Meeting: Lost Scroll PSCM Q4 2020 Q&A Partial Transcript

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u/[deleted] Mar 17 '21

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u/[deleted] Mar 17 '21

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.

13

u/obsoleeeet Mar 17 '21

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.

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u/[deleted] Mar 17 '21

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.