ethanolburner

6 ms·

1.
by ethanolburner 5y ago
You grossly misunderstand SPACs if you think they shoot up at least 4x on announcement & hype. This is a very rare phenomenon, and even with the most prominent SPAC sponsor (Chamath), of his current 4 SPAC deals that are post-DA, only 1
2.
by ethanolburner 5y ago
I would break SPACs currently in the market down into 2 categories; pre-DA and post-DA. In other words, there are a number of SPACs which have already posted their target company, their financials, future projections, as well as other thing
3.
by ethanolburner 5y ago
"while undermining the transparency requirements of the market" Then why don't you propose to just ban forward-looking projections and including more transparency? SPACs have their distinct use cases and have unique advantage
4.
by ethanolburner 5y ago
"The only real possibility is Bloomberg LP, although Bloomberg had denied the rumors" And how did you come to this conclusion? There are many, many private companies that fit the criteria outlined in the S1. "It's also f
5.
by ethanolburner 5y ago
There is no reason to think Starlink is a possibility. It is unfounded speculation being propagated by various social media communities. There is not a single conclusive link between any SPAC and Starlink. All that exists is speculation, ma
6.
by ethanolburner 5y ago
Ackman is both. He is an activist in some of his plays, however, as can be seen through his publicly traded fund $PSH, most of his investments are long-term value investments which is also the sentiment echoed in his investor letters/p
7.
by ethanolburner 5y ago
You are generalizing too ambitiously. It is true that (for the most part) reputable companies do not need SPACs. However, that is not the same as saying there is a close-to-zero chance for a SPAC to land a high quality company. I have numer
8.
by ethanolburner 5y ago
I think it is important to note that PIPE investors will always purchase SPACs at NAV (usually $10) with only very rare exceptions. NAV is where most of the SPACs are currently trading due to the recent pullback. Therefore, it is only more
9.
Suspected Russian hackers also breached U.S. Department of Homeland Security(reuters.com)
22 points by ethanolburner 6y ago|1 comments
10.
by ethanolburner 6y ago
Just to add, 15 mins ago Chris Bing from Reuters and other journalists confirmed the U.S. Department of Homeland Security to be the 3rd agency to be impacted [1]. I suspect there will likely be further agencies and of course private compani
11.
by ethanolburner 6y ago
It seems like this incident has impacted not only the U.S. Treasury, but other U.S. government agencies. The Washington Post also stipulates that the group behind it also hacked FireEye [1]. Makes me wonder if the TTP used for this attack i
12.
by ethanolburner 6y ago
According to Reuters, a Western security official claims similar companies have been affected in a similar way to FireEye [1]. It will be interesting to see how this plays out, and if true, this may be the first of many compromises to be re