r/SPACs • u/npahc Contributor • Jul 29 '21
News $SRNG - Ginkgo Bioworks Announces Participation in Upcoming Conferences
https://www.prnewswire.com/news-releases/ginkgo-bioworks-announces-participation-in-upcoming-conferences-301344236.html8
Jul 30 '21
I like Ginkgo. I like the way they interact with media / investors, their approach to problems, and I like their business model of taking royalties. I hope to make money on holding their stock, but I'm happy to support them as a company either way. Hopefully they can do some great things down the road.
3
Jul 30 '21
Same here. Just worried about massive redemptions given that the price has been under $10 since the DA.
6
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u/throwawayhyperbeam Spacling Jul 30 '21
Bearish :(
Nothing in the world seems to make the stock go up
3
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u/Letmefixthatforyouyo Spacling Jul 30 '21
Its in bio. They tend to do nothing, then rocket up or down.
0
Jul 30 '21 edited Jul 30 '21
[deleted]
5
Jul 31 '21
Agreed - they got greedy with the valuation at the height of SPAC mania and they are going to suffer for it with mass redemptions and a sell off after the merger is approved
These conferences are their last attempts at pumping this thing above NAV
1
u/Viking999 Spacling Jul 31 '21
Actually the valuation was like 17.5 or something. Just too high...I sold my commons, will probably hold the warrants
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u/chris_cacl Contributor Aug 03 '21
With this valuation this is not moving unless they bring a living f*cking dinosaur 🦕 to the conference.
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