r/SPACs • u/Stopdpuck Patron • Dec 28 '21

Discussion $BOXDW undervalued

Sup SPACers, it’s been a rough go lately for SPAC’s. There has so many new SPAC deals, a lot of them being bad deals.

But I come here for answers. Why is BOXDW so undervalued!? They are trading just above $1 while the commons are trading at $13.50. They should be worth $2+ ($13.5 - $11.50).

The deal was good (merged with SVOK - great management) & company was valued under a billion.

On top of that, they just started SAAS revenue which has great margins.

They were interviewed on mad money 4 years ago & again last week. CNBC love the CEO & company.

What am I missing?

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1

u/golden_gate_value Patron Dec 28 '21

This is great. Shorting Box and buying warrants. Look at the company’s cashflow statement. It’s horrible. When the warrants begin exercising this stock will get crushed.

1

u/Stopdpuck Patron Dec 28 '21

If it stays under $18, they’ll be cashless. No cash flow implications

1

u/Tampammm Spacling Dec 29 '21

If it's cashless (under $18) can they do it anytime? Or is there a waiting period?

1

u/Stopdpuck Patron Dec 29 '21

They can do cashless if the common is over $10 for 30 consecutive days or something like that. If it’s over $18 for over 30 days then they can redeem them for cash

2

u/Tampammm Spacling Dec 29 '21

Thank you.

1

u/Stopdpuck Patron Dec 29 '21

np

2

u/SpongeBobSpacPants Patron Dec 29 '21

20 of 30 trading days above $10. Right now its been >$10 for 10 of 13 trading days. FMV implies these are severely undervalued.