Reddit Posts
Lemonade Insurance $LMND shows the Power of Insurance Bundle Q2 Metromile $MILE acquisition will be a huge home run allowing $LMND to deliver a full insurance bundle absorbing massive market share from old legacy providers that offer dumb TV Ads which insult the consumer.
Apes good job $LMND Lemonade Short Float % per www.finviz.com drops 5% from whopping 32% to just over 27% stock price last 10 days goes 22 to 32/share
Apes you are missing out on the Short Squeeze of the decade Lemonade $LMND 32% of Float Shorted. Shorty under estimated the power of insurance bundle and Metromile acquisition $MILE
Lemonade Squeezing Short Sellers trapped in 32% of $LMND Float shorted per www.finviz.com
Lemonade Insurance $LMND squeeze Shorty 32% of float shorted per www.finviz.com
Lemonade Insurance $LMND squeeze Shorty 32% of float shorted per www.finviz.com
Shorty getting Squeezed at Lemonade Insurance $LMND
$LMND turns $145 million in stock to over $155 million in cash with $MILE acqusition
Lemonade $LMND closes $MILE acquisition, almost doubles revenue adding $110M new premiums + $155M cash for only $145M in stock. Shorty holds 32% of the FLOAT most Naked Shorted under SEC REG SHO Loop Hole. How will they every cover as the share price goes up?
$LMND reminds me of Amazon $AMZN in their early days but with a 31% Short Float
$LMND Lemonade Insurance reminds me of Amazon $AMZN in their early days
Lemonade $LMND close to closing on $MILE Sales 31% Float Shorted. Apes squeeze this lemonade and force shorty to cover like $GME GameStop
Shorty's cost to borrow Lemonade $LMND shares increase. % Float Shorted over 36%.
Lemonade $LMND ready to close on Metromile $MILE acquisition. Prediction Shorty will be squeezed 32% Short Float on $LMND
Lemonade $LMND gains Metromile $MILE shareholder approval today to combine both entities presenting an immediate digital insurance buddle to rival GEICO & State Farm. MILE and LMND are better together ala phrase from Jack Johnson
Lemonade $LMND is oversold per RSI Tomorrow Metromile $MILE Shareholders vote on merger with $LMND allowing the combined entity to immediately bundle a complete suit of Insurance Products and tap into AI and Digital Science kicking legacy providers GEICO, State Farm in the you know what.
Let's Talk About Lemonade: Analysis and Discussion
High volume on worthless MAR18 $MILE calls? Anyone out there know something we don't?
Lemonade is sour. Metromile is the real deal. $LMND $MILE
Metromile $MILE down to $2/share heavy shorted but the deal is done Lemonade $LMND has bought $MILE and it will close in Q1 or Q2. P&S shows 1 Share of $LMND for every 19 shares in $MILE so the stock is trading a half $3.95/share price. Magnetar and Value Investor each add 6M shares of $MILE.
$LMND Lemonade clearly a short target Soon to close Metromile $MILE Acquisition. Deal is 3.95 per share 19 for 1 stock deal. Magnetar and Bill Miller Buy 6M shares each.
Hagerty ($HGTY, formerly $ADF): the potential exists for a de-SPAC MEGA squeeze - here's why
Hagerty ($HGTY, formerly $ADF): the potential exists for a de-SPAC MEGA squeeze - here's why [DD]
FT Article on SPACs: The Spac machine sputters back to life after dramatic meltdown
RIVIAN IPO Penny Stocks To Watch - $KNDI $MILE $KULR $PLG
Q: Should I considering buying $MILE shares for their future $LMND shares payout?
i have proof many traders are actually 'tards with legs
Tesla could acquire Metromile Car Insurance (MILE)
Tesla could acquire Metromile Car Insurance (MILE)
Tesla to acquire auto insurance company MILE?
MILE - Thinking of buying stock and any opinion?
SPAC Traders: If this current squeeze madness all feels familiar...
Metromile / $MILE - undervalued?
$ROOT Short Position and Price Target of $5.25-$5.50
$ROOT $5.25-$5.50 Price Target and Short Discussion
YOLO ALERT $500k in MILE.. With MILE averaging only 3 million shares a day and 50 million shares are about to be released wouldnt that drastically increase the price almost like a short squeeze because there are no sellers already being 80% off highs?
YOLO $500k in MILE.. With MILE averaging only 3 million shares a day and 50 million shares are about to be released wouldnt that drastically increase the price almost like a short squeeze because there are no sellers already being 80% off highs?
With MILE averaging only 3 million shares a day and 50 million shares are about to be released wouldnt that drastically increase the price almost like a short squeeze because there are no sellers already being 80% off highs?
$MILE - The Next 700% potential Stock !
What do you degenerate apes think?🚀🚀🚀🌙
Mentions
>UBER SAYS THE PER MILE RATE AND MINIMUM FARE FOR DRIVERS, WILL, ON AVERAGE, LEAD TO A 5% INCREASE IN FARES IN LONDON ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-08-15 ^13:32:11 ^EDT-0400
$LMND Lemonade Insurance Short Float per [www.finviz.com](https://www.finviz.com) down 5% from whopping 32% to 27%. Good job Apes Shorty must be reading the Q2 or listening to shareholder call. So far they still under estimate the power of the insurance bundle. $LMND $MILE acquisition is a grand slam.
Read Dan Preston background and Metromile white papers. $MILE is homerun for $LMND shareholders. I warned shorty weeks ago now LMND gone 22 to 32 per common share. Frankly if $LMND absorbs just 4% of their target market you are looking a Billions Dollar home run 100 Bagger.
Read Dan Preston background and Metromile white papers. $MILE is homerun for $LMND shareholders. I warned shorty weeks ago now LMND gone 22 to 32 per common share. Frankly if $LMND absorbs just 4% of their target market you are looking a Billions Dollar home run 100 Bagger.
Lemonade $LMND is disrupting a Trillion Dollar Must have Market for Auto, Home and other insurance. This is why Betsy and son Daniel Cohen (Billionaires from $RAS and Cohen Capital) agreed to sell Metromile $MILE to Lemonade for all stock. Dan Preston the whiz kid CEO of $MILE has agreed to stay on which tells me $LMND solution or digital platform will be more efficient than legacy providers like State Farm and GEICO. These insurance providers have relied on stupid TV Ads to attract new customers and can not more a different approach to customer service or claim processing. $LMND adds customers for 1.10th the cost and will deliver greater efficiency on both these work flows. Now let us look at the MILE acquisition. $LMND closed days ago on $MILE acquisition which is a real home run for only 145M in stock $LMND picks up tremendous data mining and 110M annual in Auto Premiums plus 155M cash. $LMND already reduced the cost of acquisition by immediately selling two non strategic operating units (price not disclosed). Jim Chanos is not stupid as other short sellers that follow him. If Kynikos Associates aka Jim Chanos HF is part of the massive 32% Short Float per www.finviz.com I believe he will get out of the way or be squeezed like the other short sellers on $LMND. Check the $LMND chart 2 weeks it was 23 now blew through 32 today. Shorts are loaded up shorting 32% of $LMND float per www.finviz.com Shorty is getting squeezed by Lemonade Insurance $LMND. Shorty under estimate the POWER OF INSURANCE BUNDLE. Lemonade acquisition of Metromile $MILE is a grand slam and lays the foundation to absorb much of the trillion dollar insurance market. 12 months ago $LMND was $82 per common share 182/share weeks before that. Listen to Q2 Shareholder call days ago.
Lemonade $LMND is disrupting a Trillion Dollar Must have Market for Auto, Home and other insurance. This is why Betsy and son Daniel Cohen (Billionaires from $RAS and Cohen Capital) agreed to sell Metromile $MILE to Lemonade for all stock. Dan Preston the whiz kid CEO of $MILE has agreed to stay on which tells me $LMND solution or digital platform will be more efficient than legacy providers like State Farm and GEICO. These insurance providers have relied on stupid TV Ads to attract new customers and can not more a different approach to customer service or claim processing. $LMND adds customers for 1.10th the cost and will deliver greater efficiency on both these work flows. Now let us look at the MILE acquisition. $LMND closed days ago on $MILE acquisition which is a real home run for only 145M in stock $LMND picks up tremendous data mining and 110M annual in Auto Premiums plus 155M cash. $LMND already reduced the cost of acquisition by immediately selling two non strategic operating units (price not disclosed). Jim Chanos is not stupid as other short sellers that follow him. If Kynikos Associates aka Jim Chanos HF is part of the massive 32% Short Float per www.finviz.com I believe he will get out of the way or be squeezed like the other short sellers on $LMND. Check the $LMND chart 2 weeks it was 23 now blew through 32 today. Shorts are loaded up shorting 32% of $LMND float per [www.finviz.com](https://www.finviz.com) Shorty is getting squeezed by Lemonade Insurance $LMND. Shorty under estimate the POWER OF INSURANCE BUNDLE. Lemonade acquisition of Metromile $MILE is a grand slam and lays the foundation to absorb much of the trillion dollar insurance market. 12 months ago $LMND was $82 per common share 182/share weeks before that. Listen to Q2 Shareholder call days ago.
They would need to register the warrants to allow them to trade on the pink sheets, [as explained here](https://www.colonialstock.com/otc-listings.htm). "Branded as 'Pink, the requirements for getting listed on the Pink are as follows: File a Form 15c2-11 to FINRA. In order for a broker-dealer to submit your Form 15c2-11, they will most likely require your company to meet certain standards not seen here. Our team can provide guidance on this." There is a $1000 application fee and a $5000 annual fee to have the warrants listed on the pink sheets. So unfortunately you need to contact IR, explain that they need to register those warrants with the Pink Sheets, and ask them when LMND will register the warrants on the Pink Sheets, and what the ticker will be when they are listed. I'm not certain, but don't believe they can just refuse to list them on any exchange and tell you to try to sell them yourself. FWIW, exSPAC RDBX was just acquired by CSSE, in a transaction very similar to the LMND/MILE deal. "[It is anticipated that the new public warrants](https://www.businesswire.com/news/home/20220811005389/en/Chicken-Soup-for-the-Soul-Entertainment-Completes-Acquisition-of-Redbox-Entertainment-Inc) will commence trading on the Nasdaq Global Market on or about Friday, August 12, 2022 under the symbol “CSSEL.” So they agreed to list their warrants on NASDAQ, even though it will take 11.5 CSSEL plus $132.18 to exercise for one CSSE.
>MUSK: TESLA 500 MILE RANGE SEMI TRUCK STARTS SHIPPING THIS YEAR, CYBERTRUCK NEXT YEAR ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2022-08-10 ^01:36:55 ^EDT-0400
This is a dark horse to look out for in the future, but I've been impressed with how LMND has navigated this last year. They've raised money at all the right times, "bought" MILE (basically were paid 10 million to take MILE, their data, licenses, and premiums), started divesting unneeded parts of the MILE acquisition, and have already started cutting costs and managing G&A. One of the few recent IPOs where I feel they're doing everything right.
Lemonade (NYSE:LMND) stock rose 9.44% to $20.63 during Monday's regular session. Lemonade's stock is trading at a volume of 1.1 million shares as of 12:40 EST. This is 102.5% of its average full-day volume over the last 100 days. The company's market cap stands at $1.4 billion. Time to squeeze shorty how sitting with 32% of the float on $LMND shorted. $LMND power of the insurance bundle and the efficiencies of their Digital Platform will distrupt the fat cat insurance providers like State Farm and GEICO. $LMND acquisition of Metromile that closed last week is a home run. For $145M in stock $LMND picks up 155M cash and 110M annual car premiums. $LMND day after closing on $MILE sells their enterprise unit further SWEETENING the deal. Time for Shorty to realized the power of the bundle the cross selling of car insurance into Lemonade 1.2M customer base alone will provide huge boost to revenue. $LMND 150M will add 110M creating 260M plus this efficiency. Plus $MILE customers will sign up for Lemonade other insurance products. Lemonade is going to be another Game Stop $GME crushing HF like Melvin Capital ex SAC Capital aka Point72.
was amazon also fucking everyone they could, like $LMND did to $MILE?
did they finally finish the $MILE merger? jeez that took ages
Traders trade investors invest. $LMND IMHO will absorb market share in a trillion dollar must have market. Legacy providers like GEICO kick off float for their owners $BRK Warren Buffett but lets face it other then dump low end TV commercials featuring the gecko GEICO adds no to little value. Normally I would never invest in such a commodity business but let us realized Lemonade $LMND is disrupting the trillion dollar market with a digital platform using AI and Machine Learning technology. This provides $LMND the ability to attract new customers for 1/10th the price of GEICO and IMHO the future will allow them to provide greater customer service, process claims more efficiently. If they absorb just 4% of GEICO, State Farm, All State and Liberty Mutual market investors have a billion dollar home run. Now let look at the Metromile $MILE acquisition closed yesterday. THIS is a HOME RUN itself adding 155M cash for only 145M worth of stock. In addition Lemonade picks up immediate accretion to BV and adds 110M annually of new premiums (Auto Insurance). In addition Dan Preston the CEO of $MILE is staying on as part of the leadership. His experience and the AI, Machine Learning digital technology were pay big dividends in $LMND future. Finally the POWER OF THE BUNDLE can not be ignored. Lemonade $LMND will now offer a complete bundle of risk management or insurance products. Many consumers must have Auto Insurance (if they own or lease a car which is many) so $LMND can drop their other insurance offerings right into the customers of $MILE. Betsy Cohen and her Son Daniel the Billions ex CEO of RAIT Financial Inc. and Cohen Capital invested a boat load into MILE. They did not vote for this deal because they were tapping out of $MILE but believe that the combined entity together will disrupt the fat cat legacy providers quicker together. $LMND over the last 18 months traded at $180/share and the 52 week high is est $95/share. [Tipranks.com](https://Tipranks.com) shows target of 40 but keep in mind these Analysts also make a market in $LMND competitors. If you bought 100k shares of $MILE for 1.00/share that will give you 5,263 $LMND shares at say $100 that turns $100K into over half million $526.3K over a 5 bagger. If it goes to 150/share that is almost 790K for 100K investment. Now let us look at [www.finviz.com](https://www.finviz.com) which shows Shorty has almost 31.5% of Lemonade $LMND small float shorted. Float is in theory the number of shares available to trade. If I am one tenth right this is going to be another Melvin Capital bad short idea. Anyone like to see a Lemon SQUEEZE SHORTY?
These guys are all grifters and they routinely stick their foots in their mouths, take what those doods say with a grain of salt. They all have IPOs that are all down 80-90% too. BRDS (Sachs), CLOV (Scamath), MILE (Friedberg), and others. Tread carefully.
>PEP SNAX is so tiny that even if it gets acquired it's most likely going to a be a cash deal not a stock deal like the MILE one, especially if it gets acquired by a giant like PEP.
I really thought AMZN would step up and buy the defunct LMND, not that LMND would buy MILE! How weird that turned out.
Now if you want to see a truly horrific earnings, look at INTC's lmao. They missed by a FUCKING MILE
[Lemonade Completes Acquisition of Metromile](https://www.businesswire.com/news/home/20220728005347/en/Lemonade-Completes-Acquisition-of-Metromile) \- MILE MILEW "Metromile common stock will cease trading on NASDAQ today." MILE filed a [Form 25-NSE](https://www.sec.gov/Archives/edgar/data/0001819035/000135445722000428/xslF25X02/primary_doc.xml) to delist the common stock and warrants. LMND has not filed any form (yet?) to register the MILEW warrants as LMNDW warrants. So there *may* not be any public market for those warrants. "[Treatment of Metromile Warrants](https://www.sec.gov/Archives/edgar/data/0001819035/000110465922083464/tm2221921d1_8k.htm) At the First Effective Time, each Metromile warrant exercisable for Metromile Common Stock (each, a “Metromile Warrant”) ceased to represent a Metromile Warrant and was assumed by Lemonade and **converted automatically into a warrant denominated in shares of Lemonade common stock from Lemonade** on the same terms and conditions (including vesting terms) as applied to such Metromile Warrant immediately prior to the First Effective Time (**with the number of warrants and exercise price being adjusted based on the exchange ratio**)." The exchange ratio is one share of LMND for every 19 shares of MILE. That means it will now take 19 of the MILEW warrants plus $218.50 to exercise for one LMND common share.
What happened with MILE?
Lemonade $LMND is about to close on Metromile $MILE acquisition. Per [Finviz.com](https://Finviz.com) Short Float is 31.5% that is almost as bad as Fisker $FSR. Don't discount the value of bundle insurance product that is more efficient then legacy providers like GEICO, State Farm, Liberty Mutual and other fact cat old time inefficient offerings based on dump ass TV commercials to grow.
you literally can’t even timestamps? That’s the cringiest thing I’ve ever heard lmao this guy doesn’t even know you can’t sell options after hours. I made that comment and about 10 others warning everyone to sell when META was at 159. DUMBEST POSTER ON REDDIT BY A MILE lmao
In case of a ***cash*** buyout, yes. If it's an all stock transaction, like RDBX or MILE, then the warrants will likely decrease in value.
It's a matter of leverage weighed against risk and reward. DMS closed around $1.28 today. DMS.WS closed around 9 cents each. You could buy 1000 DMS for $1280, or you could buy 14,000 DMS.WS for $1,260. If DMS / DMS.WS holders get lucky, and DMS should go to $15 per share in the next 18 months, those 1,000 DMS would be worth $15,000, a return of almost 12x. If DMS was $15, each DMS.WS would likely be worth around $4 each. $4 \* 14,000 = $56,000. That's a return of about 44x. That's what is meant by leverage, a much larger return for the same investment. That's the reward part of the equation. There are three big risks, however. 1). DMS never gets back above $2 a share before the warrants expire in July 2025, so the warrants never appreciate in value. 2). DMS falls below $1 per share and remains there for six months, causing DMS to do a reverse split. A reverse split causes the exercise ratio and exercise price of the warrants to change in proportion to the split ratio, making the warrants much less valuable. For example, if DMS did a one for five reverse split, it would take 5 DMS.WS plus $57.50 to exercise for one DMS after that split. 3). DMS accepts an all stock merger offer from another company. Again, depending on the merger exchange ratio, the warrants would be much less valuable. As an example, Lemonade ( LMND ) is merging with Metromile ( MILE ) , an exSPAC. Every 19 shares of MILE will become one share of LMND. Each MILEW will become a LMNDW after the merger, but it will take 19 LMNDW plus $218.50 to exercise for one share of LMND. ***IF*** DMS accepts a cash buyout offer, however, each DMS.WS warrant will be worth the Black-Scholes warrant value, which would likely be in the 60 to 70 cent per warrant range.
If its any help I have GME at $293 and MILE at $8.14
Wrong $LMND just bought Metromile which will brings the POWER of bundled product offering Auto plus the other insurance products Lemonade $LMDN offers. Shorting is looking to muscle Lemonade and Mr. Market but at the end of the day will FAIL as Melvin Capital, Citadel and Point72 failed at Game Stop $GME. $LMND Short Float is 31% sorry but that is just crazy. In fact Shorty has probably used FTD Naked Shorts under the bogus SEC loop hole REG SHO to short far more of Lemonade. I received an email from IR at $LMND and the Metromile $MILE deal is ready to close any day. The power of bundled insurance product offering can not be under estimated. I pay GEICO auto insurance and renters insurance and property every day. Lemonade $LMND will allow me for less to get rid of these legacy old none-innovative insurance providers.
Wrong $LMND just bought Metromile which will brings the POWER of bundled product offering Auto plus the other insurance products Lemonade $LMDN offers. Shorting is looking to muscle Lemonade and Mr. Market but at the end of the day will FAIL as Melvin Capital, Citadel and Point72 failed at Game Stop $GME. $LMND Short Float is 31% sorry but that is just crazy. In fact Shorty has probably used FTD Naked Shorts under the bogus SEC loop hole REG SHO to short far more of Lemonade. I received an email from IR at $LMND and the Metromile $MILE deal is ready to close any day. The power of bundled insurance product offering can not be under estimated. I pay GEICO auto insurance and renters insurance and property every day. Lemonade $LMND will allow me for less to get rid of these legacy old none-innovative insurance providers.
Wrong $LMND just bought Metromile which will brings the POWER of bundled product offering Auto plus the other insurance products Lemonade $LMDN offers. Shorting is looking to muscle Lemonade and Mr. Market but at the end of the day will FAIL as Melvin Capital, Citadel and Point72 failed at Game Stop $GME. $LMND Short Float is 31% sorry but that is just crazy. In fact Shorty has probably used FTD Naked Shorts under the bogus SEC loop hole REG SHO to short far more of Lemonade. I received an email from IR at $LMND and the Metromile $MILE deal is ready to close any day. The power of bundled insurance product offering can not be under estimated. I pay GEICO auto insurance and renters insurance and property every day. Lemonade $LMND will allow me for less to get rid of these legacy old none-innovative insurance providers.
Wrong $LMND just bought Metromile which will brings the POWER of bundled product offering Auto plus the other insurance products Lemonade $LMDN offers. Shorting is looking to muscle Lemonade and Mr. Market but at the end of the day will FAIL as Melvin Capital, Citadel and Point72 failed at Game Stop $GME. $LMND Short Float is 31% sorry but that is just crazy. In fact Shorty has probably used FTD Naked Shorts under the bogus SEC loop hole REG SHO to short far more of Lemonade. I received an email from IR at $LMND and the Metromile $MILE deal is ready to close any day. The power of bundled insurance product offering can not be under estimated. I pay GEICO auto insurance and renters insurance and property every day. Lemonade $LMND will allow me for less to get rid of these legacy old none-innovative insurance providers.
I’ve only seen a couple deals go through and had other posters give examples of what can happen on a cash sale basis. Only real time offer I’ve observed was MILE and that was an example of what we would not want to happen.
MILE. Has doubled rev in a year but still bleeding money. Good target for acquisition
My $MILE insurance stayed the same, those guys might just run out of money, looks like they gave up on business
Why would they have a ceiling? Anymore than why would any commodity have a ceiling? SOMEDAY we will run out of oil, not just cheap oil but omg we can't find any more at all oil. Your entire thesis is weak, and misguided. We might have to get oil from algae (30% oil and you don't have to drill down a mile to get it) or suck CO2 out of the air with nuclear power, and while being horribly expensive that is the path we are going down by using a CUBIC MILE of oil a day (world wide).
From what I’ve seen HOFV, MILE and TALK were by far the worst that got completed. All about 90% down
Depends on what Softbank wants to do with it. They are reeling from tech losses, but they hold a lot of it. I'm interested to see if they get more funding. Which is really different from MILE and it's weak ass noob of a CEO that bailed a few months after merger.
MILE went through a spac just to sell themselves a few months later at a steep discount.
>*Could be a good acquisition target ig* That's why I sold all my SNAX warrants several months back, as I feared a MILE deal where the acquisition price was $7 or $8 or something-below-$11.50. And if SNAX opens where it ended after hours, they value of their plant alone is an embarrassing chunk of the market cap. So.......
MILE of course. Shareholders got scammed hard.
I love David Friedberg and he is one of my heroes, but I ain't touching MILE at any price.
SDC and MILE has not been kind to me
As a bigtime $NPT, $PYSF, $MILE, $RIDE, and $GNOG bagholder, I feel so seen 🥰
wait MILE is trading less than <1?? is this the worst performing despac as of recent lmfao
You’re talking about spending priorities, and I’m not. Even if we spent 1/10 as much on defense, it wouldn’t make high speed rail any cheaper. Amtrak estimates it would take $500 million PER MILE to convert the Northeast corridor to high speed rail. https://www.forbes.com/sites/adammillsap/2021/04/15/bidens-high-speed-rail-to-nowhere/?sh=7a86646b108c
I managed to sell my MILE.W before people could do the math on the LMND buyout. Felt dirty.
they are buying my insurance company MILE I think... still.. they are at 52 week low price I want to buy but.. I dunno
I’m actually really good at anything math related, I just get tunnel vision like crazy and try and get back my long term losses too fast. I’m way too emotional no matter what I do and I act irrationally because of it. It worked until it didn’t. I was killing it at big lot trading IPOs, sometimes +15k intraday trading in and out, until I got stuck in literally all of them. I’m really hoping in the next 5 years I’ll be back to my cost basis on most of them. Cramer absolutely skull fucked me on MILE.
If it's a MILE-like acquisition, why wouldn't they be?
No I actually hit that one really well thanks to u/dhsmatt2 DD a long time ago. It’s worse :( for reference, my three biggest holdings are MILE, UWMC, VAXX. Yeah, it’s that bad.
Nothing criminal. Thats what a free market is. A stock price is nothing more than a psychological representation of what the market percieves it as. Good companies have traded well below value and other companies will in the future. MILE was trading for less than cash on books but they experienced 0 growth over a whole quarter and actually lost clients. Would count blessings that they were acquired by lemonade. They should generate some good growth for MILE holders.
Idk how it should be done, but no company should be able to de-spac at $1.4B and sell out for $120 M, all within one year. That's exactly what MILE did and that is nothing short of criminal and no voices raised against that!!
Depends on the type of deal. If it's an all cash deal you'll make a shit load since you get paid close to the Black-Scholes value. ( Most warrant agreements should have this clause). See PAE, TLMD. If it's a stock for stock deal, they'll get converted into the other company's warrants and then they'll trade according to the prospect of the other company. See MILE-LMND. Market clearly doesn't like LMND's prospects.
MILE was an all stock acquisition by LMND while TLMD is an all cash deal. Looking through the warrant agreement for TLMD as to what happens in a cash-based acquisition *I believe* that TLMD warrant holders are entitled to the Black Scholes value of the warrants based on a price of $3 for the underlying (the buyout price) and a volatility input based on the 90 day Historical Volatility (around 80% currently). If you put those numbers into a black scholes calculator you get around $0.74 which is almost exactly what the warrants traded at today.
but did it screw them since MILE warrants were at a premium to intrinsic value as opposed to TMLD were way below?
MILE buyout did screw warrant holders with new strike adjustment.
So now LMND has 3 more customers with a combined 12 miles per month? In all seriousness how did MILE fail so badly to get customers. Lost a big amount on them.
Holded MILE all the way down yo 2.3. Glad I didn’t see below 2z
I was selling calls against my MILE position for months. Finally breached breakeven after premiums and closed out in the 3.90s before it totally pooped. Lucky me. That was a heavy bag.
I was very heavy in these warrants but sold out a while ago for a loss and took my money elsewhere and luckily made back the loss, they’re one of if not the cheapest ones with a DA. They told me they are still working on the filings, when they first announced the deal, this business was supposed to be actually profitable in 2021 but actually have off course gone down in the more recent presentations vs projections lol. I initially went in because it was a profitable business but these insurance stocks have no demand so just took the loss after looking at HIPO, MILE, RKT, ROOT and so on
MILE, SPCE, ARKG - dildos from Chamath and Cathie
They can also get bought out lower than $10 a share which will cap the warrants and potentially make them worthless. Look at MILE stock, believe they agreed to a 3-4 dollar per share buyout.
$LMND will be able to immediately bundle a suite of insurance products to compete with GEICO, State Farm and more. The Metromile $MILE acquisition is being voted on by Shareholders next week 2.1st. Once the vote provides shareholder approval $LMND should state to reprice. $MILE trades at 1/19th the price of $LMND as the acquisition deal is a stock 19 shares of MILE per one of $LMND, e.g. so if you hold 190K $MILE Common Shares you end up with 10,000 common in $LMND Lemonade. Just listen to Openly that secured 40m B Series (large amount for B Rounds) and I would say Lemonade has the advantage and I can not emphasize the power of bundling a suite of insurance products. Lemonade $LMND acquisition of Metromile $MILE should be a Grand Slam for shareholders. Until the deal is approved 2/1/2022 short sellers have their way. Once deal is voted and approved Feb 1st it be over for shorty.
Proceeds to buy WISH, MILE, AMC and GME.
>*Does ARK have a controlling interest in DNA Ginko Bioworks yet?* I follow this every day like it's a cheesy 1980s soap opera. DNA would trade with a $2-handle like HIPO or MILE without ARK's constant support. Again today ARK buy orders were over 8% of entire flow & yet it was down \~6%.
Damn OCA? I wouldn’t touch it after seeing all insurance stocks get hammered especially SPACs like HIPO, MILE, and so on. I was balls deep in MDH warrants but sold most recently for a loss, that business was close to being profitable but off course the actual results that came in were lower than what they had originally projected lol
Even with DeSpacs you got to be careful with MILE like situations
I sold my MILE warrants at a profit the day after the Lemonade buyout was announced below the warrant strike. That market is dumber than most.
Wow, MILE went down faster than that amusement park in Chernobyl
“Buffett had Geico. I pick @Metromile” MILE is down over 80% since that tweet.
This is true 1- death 2 jim Cramer aside MILE is a score -89% 3 bought a pc to build - got home said idk wtf I’m doing 4 bought calls -67% I’ll just HODL - oh fuck that’s not how options work
If the current trend continues we are either going to see a lot of buy outs like MILE, or reverse splitting..🤦♂️
Doesn’t matter if you’re long on the stock. Here’s a way to make money if it goes down. YW AFRM \- Likely taking the trade right at open if theres no drop PM. \- If pm drop I’ll wait for a Potential bounce off of 77ish. then to resistance around 80. A bounce off that 80ish resistance is a good entry imo \- 75ish is a weak support imo. But I’d take some profits there/look at re-entry under 74. \- Break under 74 with strength and there’s no support till 62 \- IPOs have not established strong supports COIN \- Easy enough to watch BTC if it attempts to break the resistance PM \- Likely gonna open up under fibs. But 232 is a strong support. 230p if it breaks under there. \- Profit taking at $223ish , $218ish and a strong ride down if under \- You can always re-enter GME \- Holding 230p. Likely going to add right at open (under fibs / 9ma) \- Diamond top pattern rejecting all resistance levels \- Under Fivbs at open and it will probably dive through that very strong $126 resistance \- $120 is the target. Weak support imo. Under 120 and low 100s or under is likely. \- Notable $956K put sweep for 125p 1/22 exp. Under 125 will add lots of downward pressure. AMD \- Head and Shoulders reversal pattern almost formed up. \- 135p if it breaks under. \- $126ish take profits. \- Real support is around $120 MU – Watching – Great example of how a bear market can hit a stock. 2000 ATH buyers just finally made a $3 profit. Small Caps: \- If you have small cap stocks that have been beaten to shit for no reason. Check the Open Interest for January/Feb Calls for a big jump. \- Money taken from blue chips will funnel right into those now that MM has shorted it to bottom and bought back all the calls for pennies per share. \- Examples: Ride, WKHS, XERS, RKT, MILE, IDEX, MPLN, ect. \- Helps to be familiar with previous OI but all the above never had over 500 calls OI. Now they’re blocks of 4k-15k
so that makes MILE warrants basically completely worthless? quick math lookes like the strike price of the new Lemonade warrants will be somewhere around $203?
They get rerated versus the acquirer's stock. In the case of MILE, it was pretty comical (unless you happened to be long MILEW).
No one-size fits all answer = Read the filing. If the acquisition price is less than $11.50, you're likely some measure of screwed depending upon how "less", less is. SEE: MILE for a recent real-world example. It's why I sold my SNAX warrants a few months back as I think there's a decent chance they get acquired (whether mgmt. likes it or not).
Hey everyone is talking about short interest of LMND but the true victim is metromile. MILE Going public in 2020, commanding a valuation of 1.4b, it is now being sold to lemonade at 200m+ valuation(book value). Many think metromile is the problem, but the real problem is the CEO Dan preston. Logically how can a 1.4b valuation company drop to nothing over a short span of one year? Even the biggest screw up would warrant only a 50% drop. Metromile is in a legitimate vehicle insurance business and target market that is necessary and possible to scale and people are willing to switch with savings by telematics up to 47% of their premiums. If I don't drive much it makes common sense for me to switch Renters by lemonade on the other hand deals with demanding audiences who wants to claim for flooding after choking their sinks with vegetables, negligence by tailors on their wedding dresses. You can check all these on their Twitter when their claims are rejected This merger with lemonade has push metromile valuation to unreasonably low. If metromile shares increase in price, lemonade will have no choice but to pay a higher premium. Next we take a look at the institution owner ship, up from 50% to 70% something fishy, sound like a typical case of buyout theft - comments in seeking alpha calling lemonade doing a grand theft auto. If u think I am bull shitting about buyout theft read this article below and take a look at a typical example Casper. https://www.griproom.com/fun/why-your-stock-is-always-red Changing out the CEO Dan preston, every thing will be good. Same like kicking out Bob swan from intel and replacing the problem. You can look at his interview with Jim Cramer and how cringeworthty that guy is. This is not financial advise I have other calls and shares in other accounts
Hey everyone is talking about short interest of LMND but the true victim is metromile. MILE Going public in 2020, commanding a valuation of 1.4b, it is now being sold to lemonade at 200m+ valuation(book value). Many think metromile is the problem, but the real problem is the CEO Dan preston. Logically how can a 1.4b valuation company drop to nothing over a short span of one year? Even the biggest screw up would warrant only a 50% drop. Metromile is in a legitimate vehicle insurance business and target market that is necessary and possible to scale and people are willing to switch with savings by telematics up to 47% of their premiums. If I don't drive much it makes common sense for me to switch Renters by lemonade on the other hand deals with demanding audiences who wants to claim for flooding after choking their sinks with vegetables, negligence by tailors on their wedding dresses. You can check all these on their Twitter when their claims are rejected This merger with lemonade has push metromile valuation to unreasonably low. If we managed to jack up the market price, lemonade will have no choice but to pay a higher premium. Next we take a look at the institution owner ship, up from 50% to 70% something fishy, sound like a typical case of buyout theft - comments in seeking alpha calling lemonade doing a grand theft auto. If u think I am bull shitting about buyout theft read this article below and take a look at a typical example Casper. https://www.griproom.com/fun/why-your-stock-is-always-red Changing out the CEO Dan preston, every thing will be good. Same like kicking out Bob swan from intel and replacing the problem. You can look at his interview with Jim Cramer and how cringeworthty that guy is. I have other calls and shares in other accounts
Hey everyone is talking about short interest of LMND but the true victim is metromile. MILE Being an SPAC in 2020, commanding a valuation of 1.4b, being sold to lemonade at 200m valuation. Many think metromile is the problem, but the real problem is the CEO Dan preston. Logically how can a 1.4b valuation company drop to nothing over a short span of one year? Even the biggest screw up would warrant only a 50% drop. Metromile is in a legitimate vehicle insurance business and target market that is necessary and possible to scale and people are willing to switch with savings by telematics up to 47% of their premiums. If I don't drive much it makes common sense for me to switch Renters by lemonade on the other hand deals with demanding audiences who wants to claim for flooding after choking their sinks with vegetables, negligence by tailors on their wedding dresses. You can check all these on their Twitter when their claims are rejected This merger with lemonade has push metromile valuation to unreasonably low. If we managed to jack up the market price, lemonade will have no choice but to pay a higher premium. Next we take a look at the institution owner ship, up from 50% to 70% something fishy, sound like a typical case of buyout theft - comments in seeking alpha calling lemonade doing a grand theft auto. As retail investors community let's do some justice. If u think I am bull shitting about buyout theft read this article below and take a look at a typical example Casper. https://www.griproom.com/fun/why-your-stock-is-always-red My proposition will be to buy and push up metromile stock, vote no, kick out the CEO Dan preston, every thing will be good. Same like kicking out Bob swan from intel and replacing the problem. You can look at his interview with Jim Cramer and how cringeworthty that guy is. I have other calls and shares in other accounts
Hopefully it’s not a MILE situation on my despacs (I buy only if I’m extremely convinced) - VLD and ORGN.
MILE's entire business can be replicated by any major which chooses in probably less than 6 months.
Shorty ID targets they can have their way but $LMND is going to bundle the GEICO and State Farm suite of INSURANCE PRODUCTS after they close Metromile $MILE acquisition. The market is fragmented and is over a Trillion per Year
The same guys that gave us MILE (now at $1.86) and SFT ($3). So obviously great track record.
Unfortunately, it’s not a fixed value at the time of the acquisition announcement. It’s merely a 1:19 ratio - so MILE stock will go up or down with the share price of Lemonade. Since lemonade is trading at $37.88 right now, MILE is trading at 1/19 that value, That is $1.98 per share.
Holding some MILE and CLOV, Chamath FML
You could have invested with Friedberg with Metromile (which he founded); snake oil Chamath PIPEd into the SPAC and the stock pumped to 20 and now sits at 2. Friedberg resigned from the board and sold his shares, right after Lemonade agreed to acquire MILE for the worst all stock valuation on the planet Friedberg is just as bad as the rest of them, he just acts like an intellectual and a scientist and it fools everyone. He sells the same snake oil
Chamath spacs: Down 80% David Friedberg SPAC ($MILE) down 90% before 19:1 buyout from LMND. David Sachs SPAC ($BRDS) Also down 70-80% Personally id stay clear of this show, they seem to pump their garbage stocks before they plummet further.
yeah sofi is a decent growth stock scammath is a scumbag, he pushed way too many of his companies public via spac that were no where near ready for it. essentially killing them in some cases (MILE for example)
LMND, MILE, ROOT - all garbage stocks
People really underestimate large insurers. They may be dinosaurs, but they make tons of money and are continually growing. PGR for instance has excellent margins, underwriting, and uses data to boost their underwriting (especially on the commercial/trucking side). LMND's story has a lot of hype. I highly doubt that donating to charity will prevent fraud and there is no evidence that their AI contributes to improved underwriting, especially compared to PGR. I'm not a fan of their expansion strategy, especially getting into car insurance via acquiring MILE. I'd rather they focus on gaining profitability in one difficult market before shifting to another difficult market. That said, they do have two big positives. They have over 1.2 billion in cash and investments to fuel growth and they haven't burned shareholder capital through terrible acquisitions. The 2nd is the MILE acquisition was actually at a decent price. If the deal closed today, they'd get Metromile for about 265 million in stock, but get Metromile's 200 million+ cash. Mile shareholders basically got screwed.
I don't think so. The warrant holders I do not think got an unfair deal. They got a fair deal. Warrants could've traded either way but they had a huge move downwards because market did not like Lemonade and do not believe in it's ability to be at $218.5 in a few years. I do think the MILE warrants are now undervalued on a purely fundamental basis. This is how I came to the conclusion. Metromile and Lemonade are in a 19:1 agreement. Now you're gonna need 19 MILEW warrants to buy 1 LMND for $218.5. The Black Scholes Value of a LMND call option for Feb 2026 expiry with $218.5 strike price and stock trading at $63 where it was when merger was announced is about $14. Divide this by 19 and you get the MILEW fair value which would've been $0.73. At that time MILEW was trading at $0.60. So in theory warrant holders did get a fair deal. They got crushed simply because market did not like Lemonade. And after that they've been continuing to downtrend due to Lemonade stock price falling. The current Black Scholes value for those warrants is about $0.40 considering where Lemonade stock is at right now. So it can go either way. Now why do I do like DMS is because warrants are already trading at a significant discount to it's fair Black Scholes value. So even in an all stock deal there's not much downside at these levels. MILE warrants went from $0.60 to $0.35. This is already at $0.334.
I’d be very curious to see what those terms look like if they did a X:1 type of stock split. I’m theory, they ugly MILE merger got “the same terms” because they just applied the 11:1 logic to the warrants. Call me cynical, but I don’t trust people not to screw the warrant holders in a deal. I wish you luck, but I still don’t trust the warrants on this one.
I don’t think this is true. In the MILE deal with lemonade, the warrants got CRUSHED. In an all stock transactions, the warrants end up basically worthless unless they get a sweetheart deal. I would avoid the warrants, but gambling on the commons is a maybe. I was interested in DMS for all of the OP’s reasons four months ago. The stock has done nothing but free fall, so I lost faith.
CLOV, BGRY, MILE bagholder here. I wouldn't touch anything Chamath even if he SPACed SpaceX.
How can NKLA be included when it's still at $10. ATIP, MILE, BODY, PSFE, TLMD, HYMC the list goes on
MILE NSTB TPGY and THCA would be my picks.
SPACs and Warrants - was up big at the start of the year, didn’t sell at top, took the losses. Of my nearly $30K is realized losses this year, 22K is from that shit. 5K from options. 3K from stocks. Thankfully my realized gains was about $45K, mostly from stock sales, so I’ll finish the year with about $15K gains, half of it it long term. I have about $20K unrealized gains, mostly from stocks. Investing for about 1.5 years. Biggest losers: MILE OPEN PSTH IPOF