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Live Price Action: AMC Stock, RETO Stock, GME Stock, PTON Stock, VMAC St...
#afterhours #watchlist 20/01 $EMBK - no news, $VMAC - Approve Business Combination with Anghami Inc., $CDAY -earings, $LLNW - earnings... Also check premarket runners and low float stocks in my app!
#afterhours #watchlist 20/01 $EMBK - no news, $VMAC - Approve Business Combination with Anghami Inc., $CDAY -earings, $LLNW - earnings... Also check premarket runners and low float stocks in my app!
#afterhours #watchlist 20/01 $EMBK - no news, $VMAC - Approve Business Combination with Anghami Inc., $CDAY -earings, $LLNW - earnings... Also check premarket runners and low float stocks in my app!
$PAIC: Tiny SPAC, likely high redemptions, this could be another low-floater
($VMAC) Amazon Prime and Anghami Collaborate in Saudi Arabia and United Arab Emirates with Anghami Plus
Mentions
Gosh darn it I forgot I wanted to pick up VMAC/ANGH on Friday. Crap! Missed an easy win!
ANGH, ex VMAC is pumping like crazy, just hit 20
I have VMAC warranty, and they barely go up even VMAC went up
Approved Mergers: SBEA ENNV Units Available to Split: EVE BFAC AHRN PRLH IVCP Ticker Changes: VMAC to ANGH IVAN to SES
How would you have known though? VMAC already had the typical $8 to $$ jump like most other low-float plays; who in their right mind would jump in at $9 after it fell from $15?
Damn, VMAC->ANGH pumping again. I missed all 3 rounds.
Can anyone brief me about VMAC price action today? Was that a short squeeze? I am very familiar with Anghami and wanted to follow this stock but forgot to :(
$VMAC transaction completed and will trade as $ANGH starting tomorrow.
And back into VMAC at $10.3 for the 3rd time
VMAC is a screaming buy rn, the enterprise valued cheaply at $220m mcap only after the merger.. that’s nuts compared to Spotify. It can easy 5-10x. Warrants are super cheap
Thanks for the heads up on VMAC smash and grab warrant opportunity, folks. I went in at .42 and left at .54. Offset most of my red today. I love a good smash and grab. ;D
Let’s not forget the GOAT $ESSC in all this fun with VMAC and SST
So frustrating that SST, FATH, VMAC, etc are all exhibiting the typical low-float momentum behavior when the lowest float of all, GLS, is just chilling at $5.
Casual $2.13 bid/ask spread on VMAC
Lol so VMAC can ring the opening bell but still can't change their ticker after 2 weeks? 🤨
What is the angle on these low float plays now? VMAC is the only one that did the traditional do to around $8, then pop. GLS still has not done anything despite having the lowest float, and FATH went to like $5 before popping.
VMAC looking pretty snazzy here from a risk/reward standpoint. If the merger gets called off, it's a free \~12% as an arb play, if the merger does go through, you have a 258k float which is primed for a squeeze
Anyone know what is going on with VMAC merger? 13 days since completion and still no ticker change
That's a different type of bottom you are talking about, that's from a fundamentals perspective and even if the spac target were absolutely terrible (which it isn't), it would take months to reach such a value. I'm referring to the short-term bottom the short-sellers have decided to start covering at. FATH's was the low 5s, VMAC's was in the 8s for example. MCMJ is dropping too fast, all the others took days just to reach the 7. These shorts are too eager to get some. >I have no position here Sure.
MCMJ getting massively shorted right now, in line with the new trend of shorting SPACs as soon as the floor is removed (FATH, VMAC, etc). Just look at the price action. Exactly zero shares available to borrow since 9:15am according to IBKR (check [shortablestocks.com](https://shortablestocks.com) or [iborrowdesk.com](https://iborrowdesk.com)). Fintel shows just 600 shares available to short and Ortex shows Utilization at 100% (all the brokers they have probed have no shares available to lend anymore). Borrowing fees are rising today too. It's even optionable, so the short-sellers think they are safe by "hedging" with calls. The float is pretty low. I'm not creating a thread on the squeeze subs or anything of the sort, but if this starts attracting attention and people start piling on, these shorts (several from this sub too) will be underwater pretty soon. The stock is already trading in the low 7s, quite the bottom given the spac target.
Any reason some of these spacs are taking unusually long amounts of time to change ticker? TREB merger completed on the 20th, VMAC on the 19th.
I am not in VMAC, but this is standard language. The $5M does not need to be cash in trust, it is net tangible assets. I have only heard anecdotes about redemption reversals being allowed much later from the original redemption and unable to verify the deadline for the same, but them hoping for a low float squeeze as the 'only' option for merger closing is probably incorrect.
I think the VMAC redemption figures are a trap. If you've read SEC filings, you'll see the language below for every S4 filing: >[However, VMAC may not redeem its Public Shares in an amount that would cause its net tangible assets to be less than $5,000,001 upon completion of its initial business combination (so that VMAC is not subject to the SEC’s “penny stock” rules).](https://www.sec.gov/Archives/edgar/data/1871983/000121390021066051/f424b31221_anghami.htm) Basically my reading of this is that you can't have less than 5,000,001 (500k shares) remaining in the cash trust, otherwise the business combination won't even complete. Therefore, the only option VMAC has is to release those high redemption figures (leaving a supposed\~240k float) ASAP right after the merger vote and say they will [complete the merger at a date TBA](https://www.reddit.com/r/Spacstocks/comments/s8ta3c/vistas_media_acquisition_company_inc_shareholders/). I think they're hoping to get a low float squeeze that will encourage arbs to reverse their redemptions and sell out above NAV, adding to the float size and hopefully allowing them to complete the merger/get more funding. The merger vote was on 1/19, so this is quite late for them to still not have announced the ticker change date.
Warning: please skip if you dislike high-redemption spacs (I understand many of you do). Also skip if you've been shorting spacs recently :) Given that these high-redemptions plays seemingly no longer work as they used to, and given that it is now fashionable to heavily short most spacs as soon as the nav floor is removed (the latter might be responsible for the former fact) , you have a different strategy against the short-sellers that short high-redemption/low-float despacs to oblivion: start playing the high-redemptions game after the shorts have done their thing. This will add further momentum to the game. Let them short the despac once the floor is removed and wait a few days for the bottom to be reached. For example, FATH's bottom was the low 5s. Once you see the stock price has stabilized around a potential bottom (you can figure this out through availability-to-borrow, see below, as well as through the price action, take FATH on Jan 10-11 as an example), start buying commons. At that point, the short-sellers are completely out of ammunition: there won't be any more shares available to borrow and sell short because a) the stock has a very low post-redemption float to begin with, and b) most shares that have been (repeatedly) sold short to drive the price down end up in non-margin accounts that do not permit further lending (such accounts essentially behave as an '[attractor](https://en.wikipedia.org/wiki/Attractor)'). So they cannot drive the price further down or ruin the redemptions play through shorting anymore. You can efficiently determine the time when the despac turned into a hard-to-borrow stock through IBorrowDesk or ShortableStocks or Fintel (low or zero shares available to borrow and high fees) or through Ortex (utilization at or close to 100% and high cost-to-borrow). You can also look at the daily short volume through ChartExchange (check the Stats tab). The spac-into-despac shorts will have to buy the shares back to close their positions, that's why low-float despacs like FATH, VMAC, EVTL, etc, had "mini-squeezes" several days after the merger. If the redemptions game starts being played after the shorts have exhausted all their ammo, then once they see the price going up because of increased demand, they'll be tripping all over each others to cover to avoid getting margin called. This will only drive the stock price further up. In this way, high-redemption players will no longer be making money off each others, as in a hot-potato game, but off the short-sellers that have been ruining spacs lately. And since no one knows the redemptions rates until several days after the floor has been removed, shorting spacs in this way becomes a dangerous bet, which might serve as a deterrent against this type of shorting. You'll also be buying commons at a bottom, so the risk of "bagholding" is reduced. As a new example, there is already a new low-float heavily-shorted spac similar to the ones mentioned above. Apparently YSAC/SKYH has a post-redemption float [of 1.5M shares](https://www.reddit.com/r/Spacstocks/comments/scs31h/yellowstone_acquisition_company_and_sky_harbour/), the stock price has been dropping for the past few days and, according to the data providers mentioned above, the stock is already very hard to borrow (zero shares available to borrow since Jan 21). ChartExchange also shows unusual short volumes since the past several days and Ortex shows current utilization at 100%. This is just the most recent one that I just got from /r/Spacstocks, so there might exist better targets out there. Anyway, I'm sure several of you are already quite aware of this and have already been doing it this way (I've recently done this with GLS, got in at 4.75 and got out at 6.5, I warned people about this [a week ago](https://www.reddit.com/r/SqueezePlays/comments/s7qv0y/gls_the_328k_float_that_time_forgot/htc9p0x/) in another sub). So this is more like a heads-up to those who haven't seen this "opportunity" yet.
Can you guys stop bidding up the price of VMAC before I get a sizeable position? It's a low float be considerate
FATH looks good to buy puts on, especially if the price edges higher. VMAC has 55 million users and valuation is like 0.5 billion so seems reasonable.
funny VMAC waited until today for a squeeze attack. redemption number was known last Thursday. shot up on what, 10k of volume at the end of day?
Who ever is buying VMAC over $10 before ticker change. Your mom's a hoe
When should we know if VMAC will allow reversals or not? When is the cutoff? It's still holding under NAV so I'm assuming that won't happen unless there is a run up.
VMAC going wild today? Up 28% in premarket (on 550 shares)
I think VMAC is going to be the hedge against the market tomorrow, or maybe ESSC? Latter has NAV, former has the lowest float so far of any momentum play.
VMAC 250k float after redemptions lmfao...
VMAC 98% redemptions. Public float is now 243,000 shares.
This might be right. The cutoff date to redeem on Fidelity looks to be 1/13, so agreed. I was going by this spreadsheet which didn’t have XPDI, but VMAC, which also has the vote on the 19th with floor removal listed as 13th. https://docs.google.com/spreadsheets/u/1/d/1gKVkPc3NFBOw_i5LkMHWBwbsTXBPbo91roSbOiKNDTY/htmlview
> Is VMAC’s NAV > 10.20? This might sound rude but please take it as "tough love." If you plan on trading SPACs, particularly around redemption and merger dates, *you absolutely need to learn where to find this information yourself*. You are at a humongous disadvantage to everyone who can read an SEC filing if you don't. The answer is that it's in the proxies or (sometimes) prospectuses. Here's the language from VMAC: https://i.imgur.com/bGpSTRx.jpg
Thanks for sharing! I see that you have an eye for de-SPAC plays. What's your opinion about micro cap spacs: ADF PAIC VMAC VENA
VMAC / Anghami finally submitted an F-4 today, seven months after DA. NAV is at least $.10 higher because of an additional extension deposit last August, but since they only have until November 11 to finish the deal they'll need to buy another extension. Started to nibble on warrants today at $0.65.
[https://www.sec.gov/Archives/edgar/data/1810491/000121390021041391/ea145445ex99-1\_vistasmedia.htm](https://www.sec.gov/Archives/edgar/data/1810491/000121390021041391/ea145445-8k_vistasmedia.htm) NEW YORK, August 10, 2021— Vistas Media Acquisition Company Inc. (NASDAQ: VMACU, VMAC, VMACW) (“VMAC” or the “Company”), a special purpose acquisition company, announced today that, on August 10, 2021, its sponsor, Vistas Media Sponsor, LLC, timely deposited an aggregate of $1,000,000 (the “Extension Payment”), representing $0.10 per public share, into VMAC’s trust account in order to extend the date by which VMAC has to consummate a business combination from August 11, 2021 to November 11, 2021 (the “Extension”). The Extension provides VMAC with additional time to complete its proposed business combination with Anghami Inc. (“Anghami”), the leading music streaming platform and service in the Middle East and North Africa. \--So logical question is why the extension? Accounting? Fear of the trust being bleed dry? I got similar screwed on a similar setup on MLAC.
If it makes you feel better I've been mostly long post DA warrants and I still go creamed by MLAC yesterday. Seeing the writing on the wall I dumped VMAC today on that deal falling apart.
u/TheLifeandTimesofTim was covering that SPAC; it seems to have a great investor-friendly structure (similar to CAPS). Top Tier underwriter (Morgan Stanley) and a well-known sponsor. Their latest 10-Q filing shows a loss from operating costs of $121K which is a big enough amount to assume they're doing due dilligence regarding a potential acquisition. TWND and ACND for example had a similar amount of expenses shortly before they announced their targets. AONE, CVF, DMYQ VMAC all had $200-300K, SOAC and SFTW even had over $1.5M to name a few more examples. No second SPAC registered/filed yet and didn't progress much into the deadline (17.5%), so I'm thinking there's still some time to get into it. It's definitely an appealing SPAC and I will start building a position once one of my other +10 pre-DA SPACs have announced their target.
How has everyone’s post-DA holdings been from a press release standpoint recently? Outside of VMAC/Anghami doing a Coldplay promo on the world’s tallest tower, everything has been basic SEC filings the last couple of months over here
Hopefully warrants get crushed and I can buy. I've done well picking up MLAC & VMAC in the .50 range. Content can have nice margins too: it's just not as fun as money losing EV startup I know.
There have been a few really interesting companies with dirt cheap warrants these last couple of months. VMAC dipped as low as .47 and has a favorable valuation. MLAC keeps laying in the .70s and has strong growth, margins, and a good valuation. It’s a buyer’s market barring a nasty correction. Don’t think I’m holding a single warrant over $1.50
I had VMAC when $0.9, was down to $0.5 now back to $0.9 Maybe people know something and buy them
Undervalued based on what? Maybe the outlook of the company is just not great. By your logic you should go buy ESSC, ALAC, or VMAC warrants, They are even cheaper. BLUW units also contained a full warrant, while MRAC only 1/4, so not a good comparison anyway.
VMAC/Anghami is off by an order of magnitude. It’s 220 million.
That awkward moment when HOFV warrants are worth more than my near-NAV high growth good valuation DA plays... Positions: MLAC, NBA & VMAC
VMAC I don't even understand why it is below $10 tbh.
I am surprised VMAC is doing so bad. Anghami is better than many tech stocks in the market with a large amount of active users and still growing. I assume because they are not US based so people don't know about.
Taking a 60% hit in the SPACopolypse of October made me revise my strategy entirely. Back then it was "follow the hype/momentum". ​ Now it's basically find the cheapest warrants, filter out Chinese stuff, relentlessly stalk the management team, spread the risk across multiple assets, upon DA stay if you like the deal terms otherwise bail. Maximum drawdown is only 31% so far. ​ Positions: FIII, NBA, VMAC, BENE, BMTX (formerly MFAC), MLAC, BTWN
VMAC Spotify competitor Anghami to be listed on Nasdaq
great analysis. I can confirm that Anghami is very popular for music streaming in Egypt and arab gulf countries. This stock has great potenional I guess. Unfortunatly I couldn't find the ticker $VMAC in etoro.
Hello, glad most are enjoying the daily updates. I bring the SPAC news you need to know in a very simplified and visual way. I’m a visual learner so this helps me keep things organized and I wish to share it with everyone else. If you find it helpful drop a follow for regular updates and any support is greatly appreciated. Thank you and God bless. **––– Notes for today:** * DA: [$CAP](https://twitter.com/search?q=%24CAP&src=cashtag_click) \- Doma [$VMAC](https://twitter.com/search?q=%24VMAC&src=cashtag_click) \- Anghami * In Talks: [$HZON](https://twitter.com/search?q=%24HZON&src=cashtag_click) \- Sportradar * New Options: [$SAII](https://twitter.com/search?q=%24SAII&src=cashtag_click) [$CAPA](https://twitter.com/search?q=%24CAPA&src=cashtag_click) [$FPAC](https://twitter.com/search?q=%24FPAC&src=cashtag_click) [$ALTU](https://twitter.com/search?q=%24ALTU&src=cashtag_click)
I’ve held warrants, units and commons of 6 SPACs rumored to merge with targets or had DAs in the past week. VMAC would be the 7th. Performance: real shitty Market has changed so much, makes me question entire SPAC strategy and have already written several strategies completely off (like having good mgmt teams, there are TOO MANY)
VMAC holders https://www.bloomberg.com/news/articles/2021-03-03/mideast-spotify-challenger-anghami-is-said-to-near-spac-merger