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r/SPACsSee Comment

The shares I have left are from November 2020, $0.05 each. Without looking, I guess that I accumulated over a span of a few months, like sept-dec. At the time, I was looking to diversify and reinvest gains. Everyone was so focused on current SPACs, I decided to look into past ones to see if I could find anything. I specifically was looking for bargain basement warrants (not commons), looking for warrants with plenty of time left. (This was when pre-DA were around $1. I liked THWWW both as a beat down COVID reopening play, as well as a 'picks and shovels' play for oil/gas/gov. I think I remember reading some other posts that helped solidify my opinion. I put roughly equal amounts in THWWW and AESEW during that time period. Each went up 100%+ in early 2021, so I cashed out roughly half of what I had, so everything I had from that point on is either a free roll or opportunity cost, depending on your point of view. THWWW has more than made up for AESEW.

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r/SPACsSee Comment

Actually, it's a bit of a return to SPACs of yore. In November 2018, IAM Capital Acquisition [merged with Smaassh](https://www.globenewswire.com/news-release/2018/11/21/1655349/0/en/I-AM-Capital-Acquisition-Company-Announces-Closing-of-Transaction-with-SMAAASH-Entertainment-a-fast-growing-global-virtual-reality-gaming-and-sports-entertainment-company.html), "a global virtual reality gaming and sports entertainment company" that had, among other attractions, a [Go Kart track inside the Mall of America](https://tcbmag.com/smaaash-go-kart-arcade-closes-at-mall-of-america/). That worked out about as well as you might guess. Company is now known as Simplicity Esports and Gaming Company ( WINR WINRW ) on the OTCBB after doing a 1 for 8 reverse split in 2020. "Simplicity Esports and Gaming Company (WINR) owns 17 esports gaming centers, and is the franchisor for 16 esports gaming centers that give the public an opportunity to experience gaming and esports in competitive and casual social settings, regardless of skill or experience. Simplicity Esports also owns a Riot Games League of Legends franchise and top Brazilian esports organization, Flamengo Esports. " Then there was Black Ridge Acquisition Corp, which merged with Allied Esports International and World Poker Tour (two separate companies) in 2019 to form Allied Esports Entertainment ( AESE AESEW ). Then in 2021 AESE sold off the World Poker Tour business for $105 million, and stated they intend to invest that in some new venture. AESE also stated they were considering selling the Esports business, but the buyer changed their minds. AESE is still on NASDAQ, never done a reverse split, trades around $1.35 a share, and is delinquent on their SEC filings. "Allied Esports owns and operates HyperX Arena Las Vegas, the world’s most recognized esports facility and the company’s global flagship venue, as well as the Allied Esports Trucks, the first 18-wheel mobile gaming arenas." Anyway, FWIW, the REVE deal looks a bit like those.