Page 1
Page 1
Started By
Message

So CFVI wont go below $10?

Posted on 12/27/21 at 9:12 am
Posted by LChama
Member since May 2020
1653 posts
Posted on 12/27/21 at 9:12 am
Can someone explain this before I decide whether to invest?
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 12/27/21 at 9:24 am to
SPAC's have a redemption floor of ~$10 before merger. They can go down to the high $9's in extreme conditions, like ~$9.70ish. After merger, the redemption floor is removed and price can go to zero hypothetically. The merger is supposed to happen in Q2 2022 for CFVI and Rumble I think, so until that merger happens, ~$10 is the floor price, correct.
Posted by LChama
Member since May 2020
1653 posts
Posted on 12/27/21 at 9:49 am to
Thank you General. You think it has much upside being associated with dwac?
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 12/27/21 at 9:56 am to
I think if you were going to see a massive run, you would have already seen it earlier. Likely that the ~$15 mark it reached a few weeks ago was the high for some time. Post merger, it will likely go down to $5-7 like most SPAC's. But, if it dipped close to $10 in the near term, not a bad play to hope you could flip it for a quick 5-10% prior to merger. But do not hold this post merger as you'll lose lots of money, or at a minimum if you're a long term believer in Rumble, you can buy more shares at a cheaper price per share post merger.
Posted by DaTruth7
Member since Apr 2020
3811 posts
Posted on 1/6/22 at 12:04 am to
This is moving again. Next few weeks could be interesting. I'm in for a few thousand shares.
Posted by ItSawGood
Baton Rouge
Member since Apr 2015
323 posts
Posted on 2/7/22 at 10:18 am to
Happy Monday
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30580 posts
Posted on 2/7/22 at 10:20 am to
Fantastic move here. My load at $11 is sweet

Joe Rogan being offered $100M over 4 years to switch to Rumble with no censorship
This post was edited on 2/7/22 at 10:41 am
Posted by el Gaucho
He/They
Member since Dec 2010
53018 posts
Posted on 2/7/22 at 10:57 am to
I bought some so it’s gonna go down

Do we think Joe does this
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30580 posts
Posted on 2/7/22 at 12:24 pm to
Do I think Joe does this - probably not. But I think there’s so much smoke that this could blow up.

Also the stock is only 450M market cap right now and they’re offering 100M to Rogan, so shows they have some money to throw around
Posted by el Gaucho
He/They
Member since Dec 2010
53018 posts
Posted on 2/7/22 at 1:50 pm to
They made it sound like 100m over 4 years not 100m per year like he’s getting now
Posted by Longer Tail Tiger
Member since Dec 2019
185 posts
Posted on 2/8/22 at 4:26 pm to
It did go up again today on pretty good volume FWIW.

Needless to say, no telling whether it continues upward or heads downward especially in this crazy market.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram