$RILY the two huge value variables is when will they crystallize those huge gains in $BW & when will they IPO ( $SPAK or reverse merger) BRS … since the carve out was created to retain the top bankers from being pinched… they will need to provide liquidity at some point
$CLSKW not sure the math below is correct, usually even after $SPAK conversion, the strike remains $11.50 … seems unlikely they made a ‘typo’ that would increase the strike price 10x ?
$CANOQ ‘enough with the whining ‘ ... this stock trades at $8 ... down from $1,000 a year ago when Marlow quashed a potential deal from $CVS to buy them for a rumored $1,400 per share & down from $155 when Barry got his wish pushing out Marlow & making Kent CEO ... I think deserves A Lot more whining how badly these 2 CEO’s have done along with the ‘Group’ convincing regular shareholders to vote with them on this activist campaign to purgatory ... thanks Barry & the ‘Group’ for taking this disaster $SPAK public & giving us these 2 CEO’s of their choosing
$SPY $QQQ $SPAK
Spent some time this evening taking a stroll down memory lane to the boards of SPACs I traded back in 2020. Dayum son, those were all scams that ended up as penny stocks, in the pink sheets, or BK. Definitely the Greater Fool Theory at work.
$CANOQ 100:1 RS doesn’t even take it back to the rumored $14 price that Marlow killed from $CVS Oct2022 & if ‘only’ drops to $10 de- $SPAK price today after RS, that would be unusually light first day drop... recently, others have had 50% drops ... the collapse < $1 was entirely Kent’s doing & this should be criminal... they haven’t even declared BK & doesn’t solve their Diameter loan problem
$CANOQ and yet again No news if any sales, no news closed FL Medicaid sale instead getting the royally screwed RS vote results today which should be all but assured... thanks Kent, more of a disaster than even Marlow and he was basically stealing money through ‘related party shenanigans’ as well as running things into the ground... Barry, really did a great job with ur $SPAK here
$CANOQ and the ‘Group’ just as disgusting as Kent here that they could easily replace the Diameter loan if really supported Kent, these kind of loans is the thing that Barry does with his real estate investments and give time for that restructuring to show results &/or buy stock to show support but not only did they dump this garbage $SPAK onto shareholders...with Marlow, but they asked for shareholders to support their active drive to push Marlow out, they got it & then left shareholders to rot... it is really disgusting behavior, even SBF kept saying he was hoping to get $$ back
What are the strike prices on the $FBYD warrants? Usually $SPAK warrants have an $11.50 strike but that can’t be the case here given how cheaply the $FBYDW is trading?
$FBYD ‘To be honest, given the strength of the underlying Falcon’s Beyond business we’re slightly surprised that they used a Spac deal to come to market. Appears to us that they would have quite happily sailed through the normal IPO princess at possibly lower cost.’ ... actually maybe a good $SPAK deal for investors this time? Rare thing indeed
