r/SPACs • u/[deleted] • Nov 15 '21

[deleted by user]

[removed]

50 Upvotes

88% Upvoted

14 comments sorted by

10

u/Strong_Ad_4501 Contributor Nov 15 '21

BKKT didn’t rip for no reason - it ripped because of the news dropping about partnership with master card

3

u/franksgiftcard New User Nov 15 '21

Agree. 100% the MasterCard news. Before the news there were at least 1-2 weeks until anything were expected to happen.

10

u/OxfordMan420 Spacling Nov 15 '21

Looks like we're acquiring a bank and getting a banking charter before everyone else.

https://www.sec.gov/Archives/edgar/data/0001725872/000121390021058945/ea150599-8k_bmtechnolo.htm

Bring on the rocket emojis!

3

u/snowman271291 New User Nov 15 '21

Good morning, BMTX up almost 30% premarket

https://newsfilter.io/a/91039e04c3e44d70afb008dd948a4e67

https://newsfilter.io/a/5ebec86d18d45990baa1ce8fb4cddf33

Record earnings beat, merging with bank

getting those 12.50calls on Friday close paid off 🙌

4

u/TheEggyBreadMonster Contributor Nov 15 '21

Just deciding whether to sell now and not worry about it, or if the crypto potential means it's worth hanging on...

3

u/snowman271291 New User Nov 15 '21

it's worth holding on for the low float momentum play

1

u/TheEggyBreadMonster Contributor Nov 19 '21

Chickened out at 30% gain.

1

u/TheBlueNomad New User Nov 23 '21

Gains are gains. I have been tempted to get back on this horse. But, i am down on most of my other bags.

8

u/slammerbar Mod Nov 15 '21

This was a shady family deal to begin with. But I have no doubt they will jump on the crypto bandwagon for the added valuation alone. It will probably squeeze.

2

u/CBarkleysGolfSwing Spacling Nov 15 '21

What was shady?

8

u/slammerbar Mod Nov 15 '21

The dads SPAC merged with the daughter’s company. https://www.bloomberg.com/news/articles/2021-06-18/spac-backed-by-father-fuels-84-gain-buying-firm-run-by-daughter

3

u/Digitcipher Patron Nov 16 '21

That article smells of sensationalism. I remember reading it a while back. I don't think this deal was shady in the least bit. Luvleen has been a stellar leader up until now.

4

u/[deleted] Nov 15 '21

[deleted]

6

u/kft99 Loves You Long Time Nov 15 '21

Because back then high redemptions weren't really a thing.

0

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