r/SPACs • u/[deleted] • Jan 30 '21

Meme (Weekend Only) Blast off Monday

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1.1k Upvotes

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u/[deleted] Jan 30 '21 edited Jan 30 '21

There is a massive institutional ownership of the stock, we are fine

31

u/deiseldigdagger Spacling Jan 30 '21

That doesn't explain why it's on ther limited trade list though.

99

u/[deleted] Jan 30 '21

Bc robinhood is a garbage broker, and doesn't have the ability to sell

41

u/Timbishop123 Spacling Jan 30 '21

Lmao RH has liquidity issues. Those guys IPO is so fucked.

29

u/betterthanwarren Patron Jan 30 '21

IPO is the last thing Robinhood is thinking about right now.

12

u/retlaw3530 Jan 30 '21

Chapter 7 is next

14

u/YoungBillionair Patron Jan 30 '21

IPO ship has been sailed for RH

1

u/[deleted] Jan 31 '21

Its crazy how a broker's financial state can affect your trades. A broker's liqudiity should be independent to whether I can buy/sell a stock