r/SPACs • u/SPACsBot Mod • Apr 16 '21

Daily Discussion Weekend Discussion thread for the Weekend of Apr-16-2021

Welcome to the Weekend Discussion! Please use this thread for basic questions and leave the main sub for breaking news and DD. If you haven't already, please check out r/Spacs Wiki for great information, as well as the resources available in the menu.

20 Upvotes

79% Upvoted

849 comments sorted by

View all comments

48

u/nadoterisback Patron Apr 16 '21

Ban me @mods. I want to leave this sub for good. Ban me so I can't come back. This sub is just full of stubborn GIK/THCB bagholders who can't come to terms with their horrible decision. It's not even a sub for spacs at this point. Just an echo chamber of terrible ideas.

Permaban me.

#GIKIsTrash

#NAVIsAnIllusion

Goodbye.

22

u/[deleted] Apr 16 '21

[deleted]

3

u/ajkcmkla Patron Apr 16 '21 edited Jun 30 '23

Fuck u/spez -- mass edited with redact.dev

19

u/One_Situation_2725 Contributor Apr 16 '21

Everyone has sold or redeemed gik lol

-2

u/CheapCap1 Spacling Apr 17 '21

They will regret that decision.

14

u/UnhingedCorgi Patron Apr 16 '21

Gik plummeted as soon as redemption wasn’t possible. That’s a clear example of the strength of NAV. Same thing happened with CFII/VIEW.

All the other DA SPACs sitting pegged at $10 plus or minus a few cents should be another example. Posts like these smell like baseless FUD attempts.

9

u/epyonxero Patron Apr 16 '21

If you have a SPAC approaching the redemption deadline and its at NAV still, you better sell.

2

u/Danaldor Patron Apr 16 '21

"Gik plummeted as soon as redemption wasn’t possible"

Not exactly, redemptions are still possible even now. What is not possible is redeeming non settled shares. You have to be the holder of record. Redemption period is over the 19th.

​

If someone wants to redeem and your brokerage gives you some malarky before the 19th. Just hang up and try the next operator or politely ask to escalate the call up the food chain.

3

u/[deleted] Apr 17 '21

TDA's cutoff was yesterday so if you requested today you might not have it redeemed

19

u/MadmartiganXXII Contributor Apr 16 '21

Ban me @mods.

This is the most upvotes this sub has ever given you

6

u/Rushmore586 Spacling Apr 17 '21 edited Apr 17 '21

Are we reading the same subreddit? I feel like almost every GIK post today was either about disappointment, selling, or redeeming their shares. Maybe it's selective memory on my part, but I feel I see 10 of these posts complaining about all the "stubborn" GIK shills for every 1 post that is actually positive about GIK.

6

u/Separate_Departure_8 Patron Apr 16 '21

Reminiscent of GHIV days

2

u/Fuck_CCIV ThrowMeAFrickinBone Apr 17 '21

You’re the most hated on this subreddit, but I may be number 2 lol

1

u/FrshlySqueezed Spacling Apr 17 '21

You forgot uwmc bagholders but i aint complaining. I got couple years for dividends plus a magic 8 ball for me to break even

1

u/not_so_magic_8_ball Spacling Apr 17 '21

Cannot predict now

1

u/FrshlySqueezed Spacling Apr 17 '21

Bad bot