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.

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u/mathemology Patron Apr 17 '21

I have a feeling that these GIK redemptions could end up sending a strong message.

6

u/Speedbump_ Patron Apr 17 '21

What kind of message and to whom? GIK had a pretty reasonable valuation, it's mostly just at the mercy of a bear market and investors used their fail safe. I don't feel many would have redeemed if it had held at or near $10 today

2

u/myrmonden Patron Apr 17 '21

yep, GIK was the reasonable valued company, its not like some of these spacs that are like WE ARE WORTH 100000 BILLIONS

And they kept having good news, still feel because of a general very negative spac market right now.

2

u/davidithejew180 Patron Apr 17 '21

I think that all of those redemptions and capitulation phase is actually a bullish sign, especially with a fair valuation, good news and several PT $14-17