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re: DWAC

Posted on 10/21/21 at 3:30 pm to
Posted by bass
Member since Oct 2016
4451 posts
Posted on 10/21/21 at 3:30 pm to
quote:

DWACW are the warrants?
The warrants (DWACW) are up over 2,000%. The units (DWACU) are up over 400%, and the stock (DWAC)is up over 350%. Anyone know which is better to be holding during the acquisition?
Posted by Pezzo
Member since Aug 2020
2606 posts
Posted on 10/21/21 at 3:39 pm to
my guess would be the warrants.

own 10 warrants at a price of $10ea and exercise them when the SP hits 50-60

easy money

i wish i had known about the warrants before i used all my dry powder on the common stock this morning
Posted by slackster
Houston
Member since Mar 2009
90105 posts
Posted on 10/21/21 at 3:47 pm to
quote:

DWACW are the warrants? When they’re executed, we expect the price to jump?


It doesn’t work that way.
Posted by slackster
Houston
Member since Mar 2009
90105 posts
Posted on 10/21/21 at 3:56 pm to
quote:

My step-mom is a boomer and a YUGE Trump supporter. She has yet to hear about this stock. She'll sit down to watch FoxNews tonight, hear Trump is launching a media company, and throw $1k at it first thing tomorrow morning. This will be repeated thousands of times over.



Maybe so, but it’s very unTrump like for him to leave so much money on the table by going the SPAC route. If he thought this was a $3B idea, he would have gone a different direction.

Definitely some short term trading opportunities in the interim though.
Posted by DaTruth7
Member since Apr 2020
3926 posts
Posted on 10/21/21 at 3:56 pm to
Thanks again man. I would have been way later on this without seeing your post.
Posted by Large Farva
New Orleans
Member since Jan 2013
8595 posts
Posted on 10/21/21 at 3:58 pm to
Explain
Posted by Pezzo
Member since Aug 2020
2606 posts
Posted on 10/21/21 at 4:05 pm to
hows he leaving money on the table?
isnt the whole purpose of going this route to raise capital and lock it up for future use?
Posted by slackster
Houston
Member since Mar 2009
90105 posts
Posted on 10/21/21 at 4:06 pm to
quote:

Explain


They’re warrants. Exercising them would add to outstanding shares and dilute current shareholders. In and of themselves, they should have little to no impact on the price if exercised.
Posted by RedHawk
Baton Rouge
Member since Aug 2007
9286 posts
Posted on 10/21/21 at 4:06 pm to
Booming AH
Posted by bass
Member since Oct 2016
4451 posts
Posted on 10/21/21 at 4:07 pm to
I don’t know, but what I do know is that my total account value is up over 50% today, thanks Mr. Trump!
Posted by slackster
Houston
Member since Mar 2009
90105 posts
Posted on 10/21/21 at 4:11 pm to
quote:

hows he leaving money on the table?
isnt the whole purpose of going this route to raise capital and lock it up for future use?


Huh? He didn’t start the SPAC, he started the company acquired by the SPAC.

Basically, anyone holding a share of DWAC now has an ownership stake in TMTG, but all of you paying $30/share aren’t giving your money to Trump, you’re giving it to another shareholder who’s selling it.


It’s like when a company goes up 200% in its IPO- that means the company left a lot of money on the table. The people that benefit from the 200% rise are the people who bought it from the company at the IPO price.
Posted by Large Farva
New Orleans
Member since Jan 2013
8595 posts
Posted on 10/21/21 at 4:12 pm to
I think this will work better for everyone holding if they don't know that. Everyone should think we are giving our money to Trump!
Posted by ChairmanOfThisBoard
Member since Mar 2010
149 posts
Posted on 10/21/21 at 4:13 pm to
I need an in-depth lesson in warrants. Yeah they dilute current shareholders, but the if you're holding and the stock shoots up, you're in the money, no?
Posted by GeneralLee
Member since Aug 2004
13879 posts
Posted on 10/21/21 at 4:17 pm to
On vacation this week so missed this one, ugh. Could’ve been a nice flip in the tax sheltered accounts to get more $ for more SLI shares.
Posted by slackster
Houston
Member since Mar 2009
90105 posts
Posted on 10/21/21 at 4:18 pm to
quote:

I need an in-depth lesson in warrants. Yeah they dilute current shareholders, but the if you're holding and the stock shoots up, you're in the money, no?


I quickly glanced at them - I believe you get a share of DWAC at $11.50/shr if you exercise them. Basically, if the common stock is above $11.50, the warrant is in the money.
There may be some timeline for redemption though. Haven’t checked.
This post was edited on 10/21/21 at 4:19 pm
Posted by RidiculousHype
St. George, LA
Member since Sep 2007
10531 posts
Posted on 10/21/21 at 4:18 pm to
quote:

Thanks again man. I would have been way later on this without seeing your post.

Posted by LSUSports247
Member since Apr 2007
863 posts
Posted on 10/21/21 at 4:19 pm to
Please explain
I own a few shares of DWACW
Posted by BZ504
Texas
Member since Oct 2005
11631 posts
Posted on 10/21/21 at 4:19 pm to
Damn, wish I would’ve seen this morning
Posted by slackster
Houston
Member since Mar 2009
90105 posts
Posted on 10/21/21 at 4:19 pm to
quote:

think this will work better for everyone holding if they don't know that. Everyone should think we are giving our money to Trump!


Like the majority of speculative plays, it works better if everyone is dumb.
Posted by GeneralLee
Member since Aug 2004
13879 posts
Posted on 10/21/21 at 4:20 pm to
Those of you thinking of this as a long term hold should be very cautious as this is a SPAC. Once this deSPAC’s the PIPE can upload and drive this sub $10 fast.
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