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Just did a quick update of TR1 holders. I make it 10 with overall holding of 51.19%
Spencer's adding again.
As I was saying...
RNS - TR1 Gooner
Seems to be buyers prepared to take up the chunky sells.
Need big b*lls or inside knowledge...
Terrier54 anything is possible - 3 bagger, no bagger or 380 bagger. No bagger is unlikely given JN involvement and also given JN involvement and making comparison to one of the other SPACs he has been involved in, AAA, then more than 3 bagger is certainly possible. I'm here on the prospect of a 380 bagger!
I imagine a few people are in the know, but they're not here or on Twitter. Leaving it 2 weeks until the end really rattles my risk bone, but I'm willing to put up with it. End game spikes to separate the wheat from the chaff or just to help people assess their risk levels is standard.
I don’t think that’s a contradiction, nobody does know, certainly not here and not even the Tr1 holders, many of whom I’ve spoken to. There is of course still a realistic possibility of a deal but statistically if you look at AIM SPACs that have got to within 2 weeks of the deadline I would say the majority of them the reason is because they haven’t struck a deal.
It’s a complete gamble at this point, I would say there will be no more price spikes this late in the game, so whatever you stick in now is either in suspension or to be sold at a loss beforehand.
So a 3 bagger from here wouldn't be abnormal.
TR1 holders maybe doubling down. I know a couple are adding and getting their average down. However if they dont cross the threshold then we wont know about it. Alot of us are down alot of money some £100s some £100s of k. I would like to think also that they know something as there hasnt been a mass sell off.
And if the Bod considered it was too rich to do a deal at 1.5p why would Tr1 holders be paying between 2p-3p ?
They can only be thinking long term, one to get it wrong fair enough but not 6 of them..
Boom that's because they won't, they must have some kind of inside knowledge about what's coming.
I don't think James Normands would've take the spac if no deal lined up.
Why bother , he has aaa & Vela so why take on something else .
Target in mind since early days
CCAP could have become an investing company within a very short period but why do you think they haven't as Peterhouse dish out fundraisers like candy.
Happy to hold RDGC no concerns from me.
Question is, what will Greg25 do if all of his dead cert statements prove to be incorrect -- disappear forever and change LSE identity perhaps. I have seen this so many times on these BB's...
Ccap have been suspended for almost 3 mths (9mth since inception) and still no news and cash is burning. Only 3 mths left before it either has to raises £6m and become. investing co. Or dissolves
On thing for sure. SPAC RTOs def not easy to complete in prescribed period on AIM even if target found
You can't be certain of that Greg25 until an RNS is released.
You’ve been saying the deal is done for weeks Greg, and exactly the same was said for CCAP.
Fact is nobody knows and chances are 50/50, infact odds would probably favour no deal this close to deadline!
CCAP gave two weeks notice to make the SP lower for a better chance of RTO in the suspension period and now it's looking like it's paid off.
RDGC on the other hand doesn't have to do that as they're closing out a deal.
Ccap gave a 2 week warning RNS that is wasn’t going to RTO before deadline.
Let’s see what RDGC does.....
Wouldn't be unreasonable of the Bod to give an update on any discussions with possible targets.
Theres news within the next two weeks , that much is a guarantee.
Hold for gold
..having said that I think buying now and then losing 50% if there’s a ‘no deal’ RNS is probably a harder lesson.
(Been there with CCAP!)
I’ve held since January and will continue to do so but mainly now out of sheer curiosity and stubbornness, and because I only invest what I’m willing to lose!
Very very risky buying this close to deadline.
How can we be valued at more than three times what we have in the bank? Which is going down day by day as G&A is incurred.
Maybe that 2m sell was filling my 2m buy as I was at 1.15 for the buy and the sell was at 1.1.
Well my 2m buy never appeared all day, how can that happen I thought all trades appeared each day even if they were late.
I was obviously wrong on that, but I wonder why this happens?
I wonder where my buy has gone to. It was at 11.32 and has not appeared yet?