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Blue Safari Group Acquisition Corp and Bitdeer Group January 2022 Investor Presentation - BSGA BSGAR
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[Bitdeer and Blue Safari Complete Business Combination](https://www.globenewswire.com/news-release/2023/04/13/2646724/0/en/Bitdeer-and-Blue-Safari-Complete-Business-Combination.html) \- BSGA -> BTDR BSGAR/10 -> BTDR on April 14, 2023 BSGA closed at $10 today. Be interesting to see how BTDR trades tomorrow. No information on redemptions at the latest meeting. 1,718,388 public shares left after redemptions at December meeting. 5,750,000 rights will convert into 575,000 shares of BTDR.
Peeling off some of my BSGAR over $1, didn't expect this. Can't make sense of it.
BSGA commons and BSGAR rights. Merger tomorrow.
507k volume on those BSGAR holy moly.
Sigh. Remember that time when we were all so flush that Diablo set up a game for the sub to guess a future ticker price? We all chimed in. I went in heavy and doubled down on his 1k$ reward for another 1k$ if I was correct plus or minus.05 cents. Well, Diablo and I gifted $2k to I-Gem for the SynBio global youth competition for genetic engineering. Good times. Just got verklempt because it is a mere fraction of my gains back then, but no gonna lie, I killed on my long idiotic conviction for years on my BSGAR. And I have not even gotten rid of 20% of it. Not being weird but had the big sad and needed some good vibes, so I took 20% of my 20% gains to buy a bulletproof vest for a Ukrainian woman’s husband who just got drafted. Not matter what, any one of us could have chosen anything to gift. Not advocating for a cause, just weirdly saying that the sub has been so good to me and I had forgotten about those things we did so easily when we had the flow. I miss Diablo. Soft smile. But if you’re down,,emotional or financial, you can always take control and get joyful by loving on someone else. So here’s to a bulletproof hug from Bitdeer! 😉
What a weird world. I peeled of some gains from the BSGAR spike already. Waiting to see if it goes higher before merger, could see .70 potentially. Seems to have stabilized on the cusp of .50. Will probably get bored if it’s range bound next week and peel off another little tranche to recover the entire cost basis. Definitely relieved that it is performing well. I confess it was pretty risky business and it is such a relief to have some positive action. They already went through 4,031,612 redemptions from previous extension votes. Super low volume on remaining unsplit units, but they are trading at $11.50. Lockups are complicated by certain tranches having language in most recent filing (1,730,000) with 60 days after March 2. Other shares have conventional 180 days. No PIPE. I remain bullish, but it is easier to be so because I think I can ride through merger on pure house money and see where she takes us. That’s my plan.
Ps, the only worse decision I made than SABSW is the small ARIZ rights position that I am praying will get a sympathetic increase in volume from BSGAR- one never knows and the two tickers are certainly not the same. 😅
Just FYI I know scared money doesn’t make money but I decided to peel off 20% of my BSGAR position. I don’t have a good plan yet, other than preservation of capital, and the gains are a already more than I expected. Gotta teach today so I’ll have to make a better plan later. But I think it will go higher. I’m just trying to be prudent. One never knows. GLTA. I’m out of practice for handling a pop! 😂😅😜
[Bitdeer Technologies Holding Company and Blue Safari Group Acquisition Corp. Announce Effectiveness of Registration Statement and April 11, 2023 Extraordinary General Meeting Date for Proposed Business Combination](https://www.prnewswire.com/news-releases/bitdeer-technologies-holding-company-and-blue-safari-group-acquisition-corp-announce-effectiveness-of-registration-statement-and-extraordinary-general-meeting-date-for-proposed-business-combination-301782453.html) \- BSGA BSGAR
BSGAR volume hit 939,000 yesterday. …😁💪
BSGAR price has only been going up the past few weeks, creeping from $.08 to $.19. (10 day avg volume is 3100, 90 day avg volume is 1400). Today's buys were all at $.20, highest price in the past 6 months. So this wasn't just big volume. It was big volume at peak. I don't know that it's quite 'someone knows something'. I think it's more like someone with more money than me did the risk/reward math and came to the same conclusion about $.20 rights.
106,000 volume on BSGAR. Normal is 300. It’s happening.
Capitulated on my sabs commons. Still bag holder of 10k warrants. Can’t remember the CB but it is neither good nor grim, so not bailing yet. Fucking full time job chiseling out of ARIZ. Still like the BSGAR. Feel mildly chapped that my ludicrous $19k ZNTEW yolo with Lucid gains was a better bag. EVEX just reported. Did not look as pathetic as SABs. Womp Womp Womp. 🤡🙄
BSGA/BSGAR recent filing nuggets: page 25 of the prelim 14A, Frost and Sullivan certified Bitdeer as the largest proprietary producer of Bitcoin with the highest hash rate. 👀 180 day lockup and goal is to list by end of March (Q1). Will retain foreign status for accounting purposes. Redemptions are taxable under new regulations.
Bitdeer filed the first official [F-4 registration statement](https://www.sec.gov/Archives/edgar/data/1899123/000110465923029896/tm2135137-42_f4.htm) today for their proposed business combination with Blue Safari Group Acquisition Corp, after filing [13 Draft Registration Statements](https://www.sec.gov/edgar/browse/?CIK=0001899123) in the past 15 months. Should make the local BSGAR holder a bit happy.
Me neither. I wonder if this just holds for mergers initially. I was thinking about BSGAR with 6 million shares and a 5.46 float. Because the the rights automatically convert into shares at ticker change the float should go up. 😅
I’m sitting here waiting on a hotdog at my beach side go to guy. Taking a few hours break from the computer. Just saw the price of BTC. I wouldn’t have laid the bet that she’d be above 23k today. But I will take it for my miners to close the deals. Kinda shocked she’s running like that and I don’t think I’m being overly optimistic about my BSGAR., now. Even though when I asked the fine folks over on the crypto subs, they had never heard of it. Also are we weird here because we know about the (failed) Bitmain IPO and the Antminer dominance in the pandemic shortage. So weird the specialists are (as usual) a mile behind r/SPACS.
I flipped MAR and MSTR back in June on like a five day hold for a pretty penny. I missed buying back in for this run up. If I had, I probably would’ve already flipped out again already. I’m trying to build capital and so I’m rarely going to hold any tickers long, but I think BSGAR is worth it. I’m heavily concentrating on being nimble these days and BSGAR is one that I wrestle with how long I’ve been waiting and how fast she could go to zero. That’s why I only have $3k in it. Totally illiquid, too. Unlike MARA.
Ya I only have a few warrants now, I am almost all commons or rights. I mean commons have been so brutalized, I bought some for the price we used to pay for warrants. I’m sure everyone has been rekt and lol 😂 I am just rusty, I was like wait! What do I do on a 30% upside day? I can’t remember! I’m holding onto those BSGAR, they were hard to chisel into such low volume and I think they will eventually perform well.
Ya, he only has a billion under management, Cathie has $13 billion. It is interesting to note that BSGAR founders control 74% of the shares in the Spac structure. Then tute holders have big chunks. Small float to begin with. So that dude buying 14% is a very big deal. Not much outside of founder hands.
Bought a handful of MARA and HIVE to gauge the performance of the miner basket to make comparisons to the potential for my BSGAR and ARIZR to perform. Jeesh they are performing well this week. Should’ve bought more.
As of this morning I am in BSGAR , ARIZR, SABSW, SABS commons, DNA commons. I flipped all the DNA warrants on gains over a year to acquire more commons and DCA down. I’m still at at $3 CB because it is not easy to lower your CB in a minnows port if you have more than 20,000 shares of anything. It is not very flattering but other than the ARIZR, I feel like my tickers have a big upside and I’m not stupid, they will suck royally for 12-18 months. My biggest risk is boredom to be frank.
I did not check it because the price held value. Maybe it has also dropped. It is an interesting ratio- if it the same seller. I’m also heavyweight BSGAR by 5 to one ARIZR. Because of my stronger faith in Bitdeer. The coin has nearly dropped below the threshold where mining can break even. Best wait a year.
Ok I am out, how can you be running late if you woke up five hours ago? 😬 I love Morgan Stanley and when Mike Wilson, their equities strategist, said: what do you want want to hold for two years? I could relate. We should have a free for all on that. WHAT DO YOU WANT TO HOLD FOR TWO YEARS? Who cares what I want to hold, but for me it is ORGNW, MSTR at $80, BSGAR and ARIZR, SABS and DNA commons. I am also thinking ASTS is interesting but I was never popular, but I was accepted by every In group, and the twitter furus strike me as high school dynamics. I am hang with them without committing to their group think. What are you holding for two years? I am out. Catch y’all on the other side.
Before y'all beat up on everybody for their election calls and takes that aged like dead fish--I feel like I had my spidey sense riding SBF and FTX waves, three days ago...Oh ya, those derivatives and CZ were infiltrating my mindspace and it seemed dubious as fuck, I felt it in the ether, there was gonna be some impact unforeseen, but I was off. Still, kinda uncanny how I was catching the SBF and CZ vibes. 72 hours ago. lolol. My rights in all those Chinese coin miners are holding fast in limbo waiting for another year of dust to settle no doubt. Nobody buying and nobody selling them. About a hundred shares trade daily on BSGAR and ARIZR. They have both extended, and have options to extend through December 2023. Holding the line. Too much cash too liquidate. They are waiting on regulation. Feels clairvoyant...sort of. CZ is smart and so is SBF, but those derivatives will kill ya. that's why they are all private. Besides, CZ making some big plays in the infosphere. Remeber all these guys live with many roommates, and drive like shite minivans. They are not spending their money. They are a different breed. https://www.reddit.com/r/SPACs/comments/ymd64o/comment/iva5ru8/?utm\_source=share&utm\_medium=web2x&context=3
I always get faked out by those low volume price movements. $BSGAR was up 25% today, ...womp womp womp, on less than 2k volume.
Was looking at the basket of small miners and came upon this about HIVE. I think the Ethereum merger has caught some miners in rough straight. Seriously changed their output and they are still converting the ETH into BTC. They are all meeting in Bogota this week for the big ETH Devcon. Will be interesting to see see how it goes. Suffice it to say that they all want better ASICS and so if you had to be in mining SPAC, my thesis on the Bitmain boys’ BSGAR and ARIZR still holds. Next level ASICS will be a good backstop for them. https://stocks.apple.com/AL3rEbFu7Q5i63U8ASpZYTA Pretty good article written well by technical standards that summarizes the current environment post ETH merge. Impacts the whole basket.
BSGAR and ARIZR: I think I might be one of a handful of folks holding both of these. It looks pretty good for deal closings, eventually. But I do find it suspect that they move NOT in tandem. It makes me think all the super smart derivatives players are toggling the both. But what is the point on relatively low volume? I remain hopeful that there will be no liquidation. It will be my first hold and conversion of rights through merger. Learning experience to be sure. I am at about 12% distributed between the two in my active port. It could still happen to be a good gamble but I know it could just as easily go south. Strategy wise, I don’t know about you guys but if I have a radically good CB, I have higher risk tolerance. I guess if I lose it, I can take away my entry point learnings. This is the one thesis I managed to enter well, so there’s that.
I have no idea what is going on with my portfolio and even less idea what is happening off my Main Street. I have seen a few videos on Reddit that are crazy because I can identify voids where friends houses were. University closed until the 10th. Everyday gets better than the last. I get some bandwidth now for video and I honestly can say I had no idea. Holy crazy crap. I have discovered that I am not only addicted to SPACS and might be a day trader, but I’m apparently also addicted to News from Ukraine. My SABSW might get forbidden 🚫 but if you aren’t selling I don’t see a problem. I contemplated much and think ARIZR have a higher probability of ducking us than BSGAR and so even though ARIZR are on sale, I will not buy. I am sorry to say that I will not accumulate more UTAAW due to a recent resignation from a SPAC principal that I viewed in my driveway in a mere glimpse and I have a tranche I will keep but she is small. ROcket 🚀 lab looks good in my glimpses for long term. Might be the one I add finally. Barton’s foolishly overlooked ORGN IMO. Have no idea where DNA is, but could care less as I will never sell. SNAX seems to have garnered a month or two, for the sake of the sub I hope the bridge loans work. Where is the coin? What is current price? Thanks 🙏
Argh. Annoying my c/b on ARIZR is .07 and the BSGAR that I actually like is .19. Weird BSGAR would make a strong move on ETH fork/Restructure. I favor the Bitdeer for execution and return, but know that they are connected due to Bitmain. I guess I am just hoping that volume uptick and price moves in BSGAR might signal they are closer to completing the transaction.
Long day at work and meetings, just got home, checked the port and my $ARIZR up 87%. Yipee! ...Then, of course, I see it has 100 volume on the day. Womp. Womp. Womp. lol. I'm ready for those two $BSGAR and $ARIZR to take off. I got a feeling. ...just not today. Then the foolish gambler in me says, wait! You are not selling those you are converting them to shares!
Was looking at my tranches of $BSGAR (10:1) and $ARIZR (20:1) as we head into what will most likely be another round of 90 day extensions. Shrugs shoulders, hope they extend. Revisited the [extensive DD](https://www.reddit.com/r/SPACs/comments/r5m27f/bsga_bitdeer_extensive_research_indicates_that/) of u/Hardcoreposer7, and was a little surprised, I don't think I saw that when it was issued 9 months ago. ...enjoyed it. Was a little nostalgic to see the $57K coin price. lol. Yikes. Theses still hold, our SPAC colleague did an excellent job outlining key elements. I did find some rather nasty recent blustery statements poo-pooing the state of US capital markets and Covid stimulus incurred national debt by Micree Zhan, owner of BitFuFu, but that is normal. In some ways, who among us had not thought that, too? It just always gets my hackles up, like how are all the other global capital markets working out for you these days? Childish on my part. Since our own Hardcoreposer7's DD there has been a big shift to quantum AI for the crunchin' algos, and some cloud bolstering. I think BitFufu will have a quantum edge before any other miner and be issuing next gen rigs eventually down the road with that nascent capability. Anecdotally, as I sifted through a million articles this morning I learned that Bitdeer and BitFufu chartered planes and flew over 80,000 rigs into Kazakhstan back in the day, rather hastily, and another 30-50K into the USA. BitFufu subsequently abandonned those rigs. Must be nice to have so many at your disposal, you just walk away. They are pretty opaque, but Bitmain/Bitdeer is building out the infrastructure of Usk, up by [Spokane, Washington.](https://www.spokesman.com/stories/2022/jun/01/crypto-mine-in-usk-gets-conditional-use-permit-fro/) A large part of revenue generating operations of both Bitdeer and BitFufu are in building out facilities, supplying large scale industry with rig/farms including Amazon, and now lending based on physical asset holdings and not using the coin as collateral--which is a very big deal for miners. This is probably why [Sequoia Capital backs Bitdeer.](https://en.wikipedia.org/wiki/Sequoia_Capital) I imagine the Usk site will be set up like the hydro powered ones in Norway they are operating. Other interesting news I stumbled upon this morning was that some dogged researcher unearthed many visits of Sam Bankman Fried to the White House and various Senators in an heroic DD effort to comb the visitor log books. So the advocacy for commodity, not security, continues at the highest levels.
$BSGA; $ARIZ just a gentle reminder the extensions expire around September 14. The rights are priced for immediate conversion, unlike warrants. BSGAR 10 to one; ARIZR 20 to one. shrugs shoulders. .07 ---7 cents means they will convert to a BSGA share for an entry of $.70...etc. You do the math. Still looks good to me. Low volume, extreme derivatives traders and options player in the tickers, so buyer beware, but it still looks good to me. They won't liquidate, but might extend again. 3 months at a time. Do your own DD. I still like them. Low volume, you'll have to chisel in, might be worth it on the upside.
Been thinking. Never a great thing for the sub. Structural details of $BSGAR and $ARIZR, ideas? The two big Vs: Volume and volatility. So on the one hand, we have $DNA, behemoth float, and toggles on an average week, at least .40 cents- if you review trends (miltary time) 0400 to 2000. On the other extreme we have the (so-called Chinese) coin mining stocks $SAI, BSGA, ARIZ \[rights or warrants\]. Could be zero shares traded, could be 3, could be 50. A good day of heavy volume is maybe 10K. In SPACS, we are looking at a bunch of tickers and warrants that will trade at most in the 40k range on volume. I have consolidated and become heavily concentrated maybe 5 tickers. I play them because I know them. Some like $DNA, I can toggle and chisel easlily, almost 24/5 days a week. Very volatile even with that monster float. Others, I know have really small shit volume, and I'm in those, too. Many are linked to the volatility in the price of the coin. ;) It is just weird, tho, because my theses on how they move with the coin is generally correct, but I can't figure out the sure details on the structural variables. $BSGAR 10 per share. $ARIZR 20 per share. They trade within one penny of the other. But... there is one hell of a difference between 10 and 10 shares on those rights. Also, $ARIZ has executed well on the specific lending vehicle for coin miners, based solely on coin mining criteria. **Any insight why they might be trading so similar? What am I missing?** Am I the only one in them? We have a few months to figure out how to play it. They both wisely extended beyond they DAs, to wait for more stability, or at least not go public the minute the coin was tanking so hard earlier this summer. so there's that. **TL:DR why do BSGAR and ARIZR trade so similar, when they are, in fact, not similar at all? Ideas?**
Yup. You are not alone. Huge price of admission for knowledge time sink and cold wallets. Not easy. As usual I am am new, but a like a rat terrier when I see something interesting. Compelled to chase the ideas. BSGAR way better GLLIR, ARIZSR, too. But who knows. ARIZ just went into financial loan derivatives for miners, and GLLIR is different because he is totally focused on blockchain as a pure thing. For me I like the pick and shovels plays, and for the record, I cannot even say I ever owned any coin to lose it. Pure pick and shovels. There is no coin without miners. It is just that simple.
> I'm shocked you are in it. While I have no confidence in Bitcoin, especially the mining companies out of China, if I can buy cheap rights and leverage with puts, I will do so. I also have BSGAR for a similar reason, but as of now I like them a lot more than GLLIR. I was well aware of Bitcoin back when it was under $5 and I thought it was foolish then. If I would have invested then, I'm sure I probably would have sold when it hit $10 so it doesn't bother me I was so wrong about price action. I actually have half a coin from back when there was a bitcoin tip bot on here, but I have no idea how to access it, if I even can as that was numerous computers ago.
$BSGA/BSGAR; $ARIZ/ARIZR: Global coin mining conference yesterday in Miami. Bitmain's World Digital Mining Summit (WDMS). Essential developments were interesting. Hope this info helps r/SPACS. There exist several mining related SPACs and de-SPACS. Antalpha is now offering financing to offload electricity costs, one of miners' biggest operating expenses. Their deep niche, and frankly expertise, is that their deals are collateralized with hashrate instead of tokens or equipment, big barrier solved. Significantly they will have no margin calls. The loan interest rates are 6.6% to 8% per year, and LTV ratios are 60% to 90%. Mining credit crunch is solved by this product. Bullish. Bitmain delivers, again. TL:DR Antalpha was the star of the show as they launched lending instruments at highly favorable rates compared to any other liquidity instrument. Relevant participating companies: Bitmain, Antpool, Antalpha, Sophgo, Bitfufu, JSBIT, Core Scientific, NFN8 Group, Merkle Standard, North data Holdings, Mining House, Terawulf, Marathon, Crusoe, ETC Cooperative, Hive Blockchain, Kadena Mining Club, Electric Coin, & Atlas. Agenda with topics and players posted here: https://www.bitmain.com/wdmsRegional
> Totally elated by the recent extensions of ARIZR and **BSGAR** and totally 💯 satisfied with how well they are holding up. Your welcome lol. I was the .15 bid floor most of the day
The day is old for me, was up too early. But holy crap. I wanted both a coin hedge and a piece of that pie, but I felt like if if I approached it from the tertiary SPAC route and bought the infrastructure for mining that I would weather the inevitable storm. Simply dumb founded my Bitcoin Bitmain mining SPAC rights are holding up. Wut? I mean as a novice I develop these elaborate strategies and time will tell. But I seriously thought I would look at my port today and see that little theory cost me a great amount of money. Totally elated by the recent extensions of ARIZR and BSGAR and totally 💯 satisfied with how well they are holding up. SMH! Maybe Fidelity crapped out? I can’t believe it. More later. Wish I knew more. We’ll see tonight I guess.
Finished my work in Bosnia, jumping in the pool to get a second wind for serious Florida job tasks …check the port expecting the worst. WTF? Up 48% on my BitFuFu, and only have lost dignity by fucking having to type BitFuFu. My BSGAR is up 11.9%. Not what I expected. Only down 2k, expected a 6k loss on paper. My $138 stink bid on $MSTR didn’t fill. Hopefully you cool cats and kittens have at least one play that takes away the sting and at least one stink bid fill. GLTA. 🤡😹💪
Ya probably not a popular opinion, but I don’t even care about most deets and trying to figure it all out on my tertiary crypto plays. I have time and deep faith. It, alas, I would not be posting this unless I had already scored a fuck ton of BitFuFu rights at @ 4 cents last week. Between my SAI, my BSGAR , BITFuFu, and my MSTR I am in ride or die mode on pennies for establishing my positions. Cannot fucking wait. HODL.
Not sure what you mean but many SPACS have rights. For instance I have a position in BSGAR, which is rights. You have to read the SEC docs to understand how each right is weighted. What the conditions are, etc. in some ways they are more straightforward than warrants. So, yes, you can buy rights on a SPAC ticker— but they are each unique.
Was looking at satellite numbers because I have been perplexed why the Russian belligerence is so mired in poor situations. Rough numbers but telling...USA has 2000 satellites, China about 500, Russia 175. Dang. Seems like it is a growth thing and obviously will only get more important. Remember Pissed Ray, he was such an expert. Was his thing Black Sky? Or Planet? What sat co are you holding long? I've recently been able to both afford (due to a series of unfortunate downturns in our beloved SPACS) and think about diversifying. I decided on GGPI for my electric vehicle, ZNTE for my flying helicopter, BSGAR for my bitcoin miner, SABS for my biotech, DMS for my advertising, ORGN and TUGC for my climate plays, IONQ for my quantum, and I'm still thinking about Satellites, Defense.
At least in most cases I started with a weird beat down like 18 cents for BSGAR and TUGC and I don’t kid myself that they cannot go lower. SABSW is holding up it ATL. 😅
I started some small positions in commons I have always liked. Just some set and forget baby entries bought with a little lunch money. PL and ORGN. I wouldn’t mind some ASTS. But not there yet. I finally entered my beat down list, with the DMS warrants and I am still eyes on SNAX commons but think I can wait. I still like my GGPIW. Waiting for that BSGAR play to unfold in whatever direction it will go. Doubled down on it, as a minnow
Well, I am a minnow, but 19% of my SPACs have crypto connections. SPAC Holdings Port Percentages: DNA 32.5%; DNAW .5%; SABSW 13%, TUGCW 18%; BSGAR 1%; GGPI 7%; SSTW 6%; UTAAW 22%
Well, it’s like you guys broke the market while I was at work. Jeesh down 1800 today. Loaded 4K UTAA warrants because I am in it to win it. Also grabbed a hundred GGPIW and 1000 more of the BSGAR. Try to fix the market in PM I gotta go meet with my supervisor now. 💪😅
I'm in both TUGCW and BSGAR, but I have dozens of warrant positions of all stripes. These are two of my smaller ones. Still under water on TUGCW, but $0.39 on my BSGAR.
ACTD volume is 350k, daily avg is 100k. BSGAR volume is off the charts
BSGAR has avg volume of 6000 and a bid at 45 cents for 167,000 .....hmmm ok. Did BSGA file something towards merger???
You're green on BSGAR? you must have bought really cheap. I'm heavy in it. Starting to worry... Hasn't been a filing in months.
Dang. Only thing green in the port are those BSGAR rights and they will move heading into Cryptoworldcon in Miami on the 2nd. It coincides with Miami NFT week. Fun fact: mayor of Miami gets paid in crypto
Should I take a half percentage of portfolio hit on BSGAR?? Seems like BSGA might escape NAV but risk of deal collapse is a possibility...otoh if it's below NAV and goes through with 90% redemptions we have a float of 1 Mill or less adding in rights getting converted to shares
Yes BSGAR to be specific. Maybe I'll read the filings.
You asking for BSGAR? I don’t know. Did so much DD so long ago I would have to go check my files.
BSGAR woke up, yawned, then closed its eyes and went back to bed. Nothing.
Really hope some good things happen for some confidence in the DA landscape of solid sponsors. Just bloody do it. Unfortunately I think they will wait for Q2. Maybe even H2. You know if it was up to me, I would do it. 😂 Pntm and pipp. Really? Ya all got this. Just do it. Like Thursday. Thanks. … also Sabsw just giving me more time to DCA? Thanks buddy I will take it. Chiseling. But been chiseling so long my positions are well over the 10k mark…and that smacks of illiquidity. Earnings on DNA and shorts will be covering in March. My BSGAR have held up. I have few complaints. May all your shit print! I’m down but I’m not leaving. Still have 70% cash. So not exactly courageous. Nonetheless I think we will rally. Sending good vibes.
Quick question: what is the ratio of BSGAR (right) to shares on conversion? Isn’t it 15?
BSGAR implying BSGA is going to be $4.75/share.
This is brilliant and well organized with essential information. To be honest, you should probably make a post of just this, even if labeled as discussion. We done, friend. For myself I flipped my XPDI warrants and I did not hold through merger. I was overweight on crypto plays and decided to even sell my CND. I went after the BSGAR (rights) as they cannot be called like warrants for an exchange at an In opportune time for me to drum up cash. Still holding about $700 bucks worth of TUGCW and think they have critical mass not to liquidate. I just personally had to weigh variables and look at my cash flow for H1 and think what can I do? Five crypto spacs was more than most, so obviously I didn’t make my decisions based on risk or fear of the sector. Your information is powerful and I think you should share it more widely. I decided to go for rights because they are the “most known quantity” of a spac vehicle. Also, For the most part I only ever buy warrants. Excepting DNA and MEKA. Therefore I was weighing different variables than that which you set forth. Others will benefit from your analysis which is spot on. Cheers.
After PACX - I want to make sure any pre merger positions that I have like BSGAR / SPAQ+ / PPGHW etc are upto date with filings and not behind. What SEC document do you look at to ascertain the merge is on track?
DANG! grateful for the pennies in the SABSW rebound. Makes me realize how amazing it will be when it runs even just 25 cents! lol. Jeesh, I'm overweight on that ticker. Living dangerously, to be sure. I believe! Need moar cows. \[but prolly not many more of those warrants\]. BSGAR inching up, too. PIPPWs cam back to life. FOUNW shat the bed, not even sure if I own those anymore, but it is sad to see the White House's ESG trash service go under. If they hit penny stock they'll prolly lose their security clearances. Going home to feed the fam and settle in to read McSpacface's DD tonight! Hang in there peeps!
Signs of life in BSGAR and CNDW
Only thin trading sideways are those crypto spac hedges. CND, BSGAR, XPDIW sort of and TUGC. Pathetic. Still could be worse. She says from the gallows.
Holy fuck. I hope you have like six screens rolling to track your shit! Damn. That's intense. You and u/slammerbar rolling on the same thunder. I have ten, but technically nine, as BSGAR are rights, but I'm treating them as warrants with which I can set and forget because I know the outcome. Rights are truly interesting BTW. Rock on bro. I really didn't do any loss selling. I've got time to understand that and I was so jacked up in November I mostly sold for gains. I did rotate, into even more dubious shit tho, with those gains looking at my upside and also thinking about the glory confessions of folks who banked. Every time I saw someone bank, it was because they were concentrated in a position. I mean, I am feeling scared at 20% on any ticker, but the lesson was well received. Something to think about and learning from whales.
BSGAR looking tasty at 0.63. With the 1/10th conversion it has the potential to acquire $1000 worth of Bitdeer, for $630 as it currently stands.
Hoping we'll get some run up on the XPDI and sympathy plays closer to merge. BSGAR, CND, others, maybe. Still looking at MARA, but will wait until it tanks more after March 14 earnings. Elsewhere, IONQ just won't provide me that entry point I'm looking for. Bummer. Feels bad man, having flipped those warrants twice was cool, but I wanted to keep it long. Hoping to get into commons at some point. Still haven't acquired the PNTM. Will make some big decisions today and take these lulls to set up more alerts while I'm not too busy and can be judicious. Good luck to everybody. When we have so few online in r/SPACS for about 15-20 days, it tends to be a bottom. Mine was the only car in parking lot yesterday for a while, flashbacks to heavy pandemic days. Stay positive! GLTA!
Man, my little buddy, I just cannot even imagine what your port looks like. i say this with the total reverence and respect that you get from me. But fuck, on;y my crazy crypto warrants and rights plays look shiftier than some of the stuff you comment on in the thread. ....And to be fair, nobody ever comments on my crazy TUGC and only a handful on my BSGAR, so I'm like, what are you investing in? You are such a great mind and weird investor. Fuck, so interesting. Still, happy to travel by your side, but I won't fault you for not wanting to be associtaed with me or my tickers. Just sending random props for your strategy, which I look at, and think: Genius? That guy knows something and we are all gonna be sad in five years. He seems kinda smart and visionary. And then, he is like humble and creative. So confused, wen new recycling happen?
For those of you who are wholesome and only look at car crashes because it is scary, rather than rubber necking for thrills: I got crushed on TUGCWs (not surprising!-still like it) PIPPWs (again!), PLWs (but not enough weight to crush me into crumbs), have high hopes for a comeback in FOUNW and CNDAW. Holding steady BSGAR, MEKA, PLTR, CNDW, but was up pretty high on those or still like my cost basis.
BSGAR making my day (might be overweight, lol). PLWS, happy comeback. And the PIPPWS, the engine that could mvoing in the right direction. I'm out! Get some rest and be kind, seems like the assholes woke up and entered the chat. GLTA!
😂😂 I have a confession to make on that SNAX thing, the only reason I want it to go up is because Michelle is in it and she's been a good player on the sub. lol. Everytime I see it mentioned I'm like: Oh nice, look Michelle's stock is going up. ;D I missed the drama because I was really tired from riding out gale force winds and trading ZNTEWs in the PM on generator power, Calls me al was right about that. Astamir steps in with the play nice posts! Yay. Trying not to mention the serious amount of yard work that wind events invoke-brutal physical labor in the yard. On a positive note: got the Petrof (Czech) baby grand piano tuned for Christmas sing alongs of carols and made some peppermint cream for my coffee. Hoping PIPP DAs, taking a note from ZNTE. **What obscure SPACS are you holding that rarely, if ever get mentioned here?** Like, I'm now looking at IEA, had never heard of it before 10 minutes ago. Also, I wouldn't have heard about BSGAR except for the sub. Same with FOUN. I'd like to hear about new things.
Thanks buddy, so many players like either or on the CND OR XPDI, once i come up for air after work is done for the 'break,' I will look at XPDI closer. Obviously, I am a maniac for the tertiary crypto plays, too. Witness my having loaded BSGAR and TUGCW. lolol. Preaching to choir, but thanks for saying I'm not alone... Hope all your stuff is going ok! sending very best wishes.
ENERW warrants, BSGAR rights MAQC warrants
Yippee! Getting so green so fast, felt so positive on some bids, too. Good buying opportunities! Except the fuckers who chiseled an extra 15 bucks out of me for moar BSGAR. Ah well, I forgive you. ;D
BSGAR at 52 cents. Panic selling at its best. Not pulling any trigger waiting on JPOW and Friday OPEX to see where this goes.
BSGAR and OACBW treating me right. ;D
BSGAR up 22% on $2100 worth of rights lol.
Yup, we are in it together. I had your, ahem, big D not SNAX induced joy on Sunday, knowing this week was gonna be grim. Just a fucking body revolt. Stress kills. Take a nap, buddy. Four days of Kombucha, on the mend and totally ok now. Our bodies tell us more than the headlines. Usual walks amped up to one every three hours instead of sunrise sunset to recalibrate risk mind set, FUD,and cog distortions. Sitting on 80+% cash- was more real estate escrow hoard than risk management-cash gang in port only-not risk mindset. lololol. Made me want to buy. Gut said no! Settled on a little BSGAR last night, what the heck? ... thinking about averaging down 10 cents on my massive CNDAWs.
BSGAR - the rights post DA went from 38 cents to a dollar and now are at 80 cents. I am not sure if we have done any analysis on how rights POP on DA - certainly tricky to hold through merger unless you really like the target. Most of the SPACs with Rights are considered bad - but these suckers do find a target one way or another. I do know that there was a group that did the rights ARB game of buying cheap rights and selling as merger completed. Does anyone still hold or buy rights?