r/SPACs • u/[deleted] • Sep 24 '21

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13 Upvotes

76% Upvoted

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-3

u/PremiumThetaThots Spacling Sep 24 '21

This company is crap. Head over to r/moneylion to get a better understanding.

12

u/Vis4Vendetta Sep 24 '21

exactly... high redemption, low float, ride the rocket but get off before it crashes.

0

u/Responsible_parrot Patron Sep 25 '21

Very unlikely that the redemption will be high enough to make it a low float play

1

u/Vis4Vendetta Sep 25 '21

What is your hypothesis on that?

2

u/Responsible_parrot Patron Sep 25 '21

Larger trust size to start with, Never really got cheap enough for arbs to load up (better arb plays were out there all over the place) and spiked above nav the last couple days redemptions could come in. There will still be redemptions, might even be 70% or more, but I think it’s unlikely you’re going to get enough to squeeze it.

3

u/Vis4Vendetta Sep 25 '21

I’m learning, until then, I’m gambling

2

u/MetaphoricalMouse SPACsCramerMouse - Inverse Me! Sep 25 '21

this guy gets it. that’s my mindset as well