RE: RDGC17 Feb 2021 10:55
This is a pure SPAC now and they are looking to acquire a growing business, it’s not clear yet which business sector they are going to purchase, but previous examples are EdTech in the case of DEV, It is a speculative buy, but given the significant t backers invested eg Mahtani brotherS, the their track record and the entry level of mcap being its just renamed itself, this will be either short term play with quick rise or medium term hold that can multiply depending on acquisition.
This is not your a- typical investment where you can do loads of research on the company as its now brand new. This investment is based on track record of backers to pick and acquire the right business with high growth business model Pops
If you want to compare it to what it could look like the look at history of DEV and AAA who have been around last 12 mths or so. These also turned into SPACs looking for acquisitions 12 mths or so ago And had the same backers who now have setupRDGC
I’m buying into potential and business shrewdness of these Big players .differnet mindset needed.
Not for everyone, but I just put it out there.
It’s def not big as gamble as crypto is and has potentilal to produce unicorn like returns if you stay in long enough or otherwise quick decent gains while is jostling for postition