SAIL
SailPoint, Inc. Common Stock
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TODAY'S DISCORD LIVE CALL OUTS - https://discord.gg/sWA6Ucac
$HAAC -- Sherlock Holmes Level Detective Work 👀🧐🔍📈
I believe in CRSR with 550k YOLO, LETS SAIL TO THE MOONDAY SPACE PIRATES!
Livongo (LVGO) OGs Are Back + Market Makers Asleep at the Wheel (50-100x option play idea) -- $H$A$A$C
Cash Burn Analysis - $HAAC Up To Something Big? $10M+ actual vs $4.5M budgeted
Mentions
to wrap up this week below were the Calls this group suggested but stock went other way.. SAIL CHWY RBRK AVAV SPNS RH Lost all profits made on ORCL, GME, FCEL and ADBE
Think cyber overall is undervalued and a longer term play. I’m holding onto CRWD and looking to play SAIL. Played PANW earlier in the year
dang a lot of people were saying SAIL calls
People are talking about CASY, MAMA, and SAIL.
Change that mindset! You should look into at least DBI, LOVE, RBRK, CGNT, AVAV, CHWY, LAKE, ADBE, SAIL. You have at least one solid potential play a day, but plenty of plays this week! I don't play all of these all the time, but there's some good ones! https://preview.redd.it/94q310kd4ynf1.png?width=1912&format=png&auto=webp&s=1875330a069a649b1414e74d5b2fe85d76af2320
I added few shares of PANW. I think the 2 largest cybers CRWD and PANW will continue to dominate the market. Big gets bigger, they will have scale. $25B is slightly rich hence the drop. OKTA and SAIL can be take-over candidates too. But I think the best one right now is RBRK
Check out the company Sailpoint ticker SAIL
What spoiled my interest in SAIL is the insane market cap - so thank you for this solid bias confirmation.
why buy calls on SAIL?
Buy SAIL it's going up today!!
Sailpoint (SAIL) I am in at $20, which was the day of the IPO in February. Now down 10%. I am sticking it out for a while, or at least through the next earnings release.
Not really interested in anything this week, but am strongly considering $ASO next Tuesday and $SAIL next Wednesday
Well $SAIL has ER coming up so we will see how that goes
Actually couldn’t agree more. Market loves a first earnings report. See: $SAIL.
Since the UK/RU war has had such a dramatic impact on global trade I think it's OK to make one comment about it. US hegemony is rising rapidly from an all-time low because RU is going to lose this war because of UK heart and mo-fookin' US (and others') weapons. Good times never felt so good... SAIL ON!
>TOP U.S. DIPLOMAT FOR EAST ASIA KRITENBRINK: THE US WILL CONTINUE TO SAIL ANYWHERE THAT INTERNATIONAL LAW ALLOWS ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-08-17 ^21:37:13 ^EDT-0400
She was too busy on her SAIL FOAM
>SHIPS THAT COULD SAIL WITH UKRAINE GRAINS CARGOES EXPECTED TO BE WEEKS AWAY - LLOYD’S MARKET OFFICIAL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-22 ^13:40:08 ^EDT-0400
Wait SAIL low? I need to make some calls
Bro … you should have sold like 4 months ago…. I told my friends bail…. He was like “nah I’m invested for long term” I’m like YOURE CHOOSING TO SAIL A SINKING SHIP!!!! Fucking bail out and save your money, you’re literally burning cash by sticking with Tesla while it’s dipping.
>SEIZED IRANIAN OIL CARGO TRANSFERRED ON TO ANOTHER TANKER, WILL SAIL TO THE U.S. –SOURCES ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-05-26 ^06:16:09 ^EDT-0400
I THOUGHT THAT THEY WERE ANGELS, BUT TO MY SURPRISE, WE BEARS CLIMBED ABOARD THEIR STAR SHIP, AND HEAD FOR THE SQQQ! Come sail away, come sail away, come SAIL AWAY WITH ME!!!! 🥺🛸🌌🧸💰
Cashed out of SAIL, holy shit what a day.
For the long-term cash gang, [Thoma Bravo is buying cyber security group SailPoint for $6.9B](https://www.ft.com/content/ac996df1-497c-42ae-a0a6-71a7595aab4a). They will pay $65.25 a share for SAIL. That's why she soared this morning, but she's still at $63.96, so you can go through the tender offer process and make small cash from your lazy money.
As usual stocks I've never heard of are flying SAIL + IVDA+ GNCA + HOTH
$SAIL just had an offer for private buy out of 65.25. Should I go all in 70c for next week? Asking for my $HMHC friends.
>THOMA BRAVO WILL PAY $65.25 A SHARE FOR SAILPOINT - FT $SAIL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-04-11 ^05:49:23 ^EDT-0400
>Thoma Bravo agrees $6.9bn deal for cyber security group SailPoint - Financial Times $SAIL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-04-11 ^05:48:36 ^EDT-0400
SAIL is a good buyout candidate
I’m just holding and waiting , many of mine are what I’d consider strong teams with good warrant and/or SAIL structure and more equity available to them as well as needed. It’s just a bad time to go public right now with a SPAC so no wonder there’s been a dearth if DAs
“I thought that they were bulls, but to my surprise!... It was J Powell boarding his star ship, and headed for the sky!.. singing.. come sail away, come sail away! COME SAIL AWAY WITH ME!!!” 🔥🚀🌌🌌🌌🌌🌌🌌🌌[Let’s go to andromeda galaxy today. ](https://youtu.be/e5MAg_yWsq8) QQQ to the moon. 📈
Thanks, good point. I thought the SAIL and CAPS structure were similar and just different names based on the underwriter. I'll look more closely - something I've been meaning to learn more about. I actually don't know of any others but I did not document every one so just wanted to footnote that. Actually, just checked and SPACTrack has the strike in their database, and CBAH only one with $11 so you're right. JIYA originally had warrants in their S-1 with $11 strike but they were removed in the prospectus (warrantless SPAC). [https://www.sec.gov/Archives/edgar/data/0001824119/000095010320018653/filename1.htm](https://www.sec.gov/Archives/edgar/data/0001824119/000095010320018653/filename1.htm)
Incredibly important information for us warrant investors. Thank you! One small correction and a question. You said "some SPACs, such as those w/ CAPS structures like CBAH/AMPS, have non-$11.50 exercise prices and subsequently different ratio tables for cashless exercise" CBAH/AMPS actually had Morgan Stanley's SAIL structure, not CAPS , which is offered by Evercore. SAIL is undoubtedly the least dilutive structure. From what I can tell, there is technically no limit on the sponsor shares earned from the CAPS structure (it's uncapped ironically) - but since the sponsor shares are only earned through share-price appreciation, it still beats the conventional SPAC structure by a long shot. Also, I don't think there is a connection between CAPS or SAIL structures and lower exercise prices. Are there other warrants you're aware of that have a sub $11.5 exercise price? CBAH is the only I was ever aware of. Again, invaluable content - thank you for sharing it!
I like Jan $10 HAAC calls for 10 cents. All signs have been pointing to an imminent DA and if they announce a great deal, there is massive upside given how low the IV is (5%). I own 400 of the calls and 100,000 warrants, as I have an exceptional amount of faith in the team (Hemant especially) as well as the SAIL structure. Timing is the issue; but that's always the case with options.
Thanks to $SAIL, $SLV, $TSLA & $BGFV which helped me have bull run for my portfolio in last months
:D Haac has SAIL structure ( i might misspelled it), and I like the team a lot -- have a some crhc warrants, also prpb but your war-cries are not heard so far :D
CBAH is an interesting one. A CBRE (one of the largest commercial property companies in the world) SPAC merging with a commercial real estate solar company, Altus Power. Blackstone is a massive player in this deal. Great post and discussion here [here](https://www.reddit.com/r/SPACs/comments/ojc72c/cbah_altus_power_merging_with_spac_created_by/?utm_medium=android_app&utm_source=share). Promote is also crazy retail friendly. [Here](https://www.reddit.com/r/SPACs/comments/nw9jhx/good_incentives_badly_needed/?utm_medium=android_app&utm_source=share) is a great breakdown of their SAIL structure by u/TheLifeandTimesofTim.
It's a reflection of two things I believe: 1. rock bottom SPAC sentiment / the disappearance of bidders and the reality that retail SPAC traders have never had an interest in ad tech to start with. 2. the recent re-evaluation of 'deal risk' from deals like MUDS XPOA canceling + massive redemptions resulting in mergers failing due to minimum cash requirements not being met IACA has like \~4% redemptions and IACB has a $150M PIPE and $220M trust. So I think the deal risk is low. With all of that said, I like CBAH/WS more. With an $11 strike price, they are effectively trading at $1 currently. And there is virtually 0 deal risk, given the the PIPE is sizable and the sponsor is backstopping up to $175M of redemptions. They also have the SAIL structure so interests are maximally aligned.
Heres a good post on SAIL and CAPS structures. https://www.reddit.com/r/SPACs/comments/nw9jhx/good\_incentives\_badly\_needed/
On top of all those you mentioned I like S, NLOK, CYBR, SAIL RPD is doing well and still pretty cheap to get in FTNT and NET are probably one of the most robust cybertech companies but they’ve had a huge run up recently
I take the smaller ones: SAIL TLS ATEN TENB
Awesome, thank you! BTW - GSAH has performance based vesting for the full promote (quite similar to SAIL). And IIAC has a half performance based promote.
Thank you! I actually bought into HAACW due to one of your posts as I believe the SAIL structure is really as investor-friendly as it gets; but I bought way too high ($1,70), easy to say in hindsight though. Their latest 10-Q expenses are incredibly high - only FVT shows a higher amount (and FVT takes the #1 spot in announcing a DA any day now). They also have a second and third SPAC registered but haven't filed it yet, so either a deal fell through or they'll announce a DA very shortly. I'm really curious to see their Q2 10-Q filing, as this would bring us some further clarity on whats going on here. If expenses went down, then I'd estimate a deal fell through.
Mark me down for "the opportunity has been squandered." There's rampant fraud by SPAC targets, sponsors barely do any diligence, and many of the small-time speculators themselves are so insanely optimistic they deserve everything that's coming to them. For example--and I don't mean to pick on you, as I quite liked one of your earlier posts and followed you into one of the SAIL SPACs--this is a terrible way to look at an investment, because *you have no idea what the deal terms are!* > in April a Reuters article mentioned that Impossible Foods was considering a SPAC listing. That deal has yet to materialize. But if it does, **best believe I'll be slapping the ask**. The medium to long-term future is likely that SPACs return to their black sheep status in the capital markets. Given recent performance they deserve no better.
the only pyramid scheme I'm willing to be a part of. WE SAIL AGAIN AT 9:30
Agree. Its a decent filter for “top tier” sponsors. Shows confidence in deal and not just wanting quick $. HAAC’s SAIL structure further shows their confidence/intentions. I think the wait will be well worth it.
Team and SAIL structure. It has always traded at a premium to intrinsic
Yes, it was mostly to do with the SAIL structure. I laid out my thinking in [this post](https://www.reddit.com/r/SPACs/comments/nw9jhx/good_incentives_badly_needed/) actually.
I'm going to keep some as well. I want to see if that SAIL structure produces better long term results as promised. Will the deal fall through? Probably not. Normally I am looking for higher risk higher reward plays, but this seems like a nice balance by providing stability, but still being in a green and forward thinking industry. Hard to see them going out of business. (Hard so see them rocketing up either since it's a slower, capital intensive, one-at-a-time kind of business)
I was loading CBAH at 1.11ish confused why it was so low, the $11 strike + SAIL makes it a unique warrant vs many peers.
CBAHW is running away from me (currently an ask price of $1.40). Seems like people realised how favourable the SAIL structure is for investors and how undervalued CBAHW were a few days ago at $1.12. I probably shouldn't even have wrote this comment, it certainly won't help to get a good entry price.
Anyone buying (or already own) HAAC here? Commons and warrants look good to pick up here. Apparently the SAIL structure is investor-friendly?
I looked into CBAH\_W, have limit orders out. Many thanks for link on SAIL structure and heads up!
All my fills today were at $1.15, didn't want to increase my cost basis any further. 10k added between $1.15-1.18 since Tuesday. I was sitting with open limit orders today on CBAH\_W at $1.08, will probably move them up to at least $1.10 to get a start position going. I looked into them after they where brought up a bunch, I like the SAIL structure and real estate (I actually made a decent chunk off of GHIV/UWMC and still holding my "free" shares getting paid dividends & premium on CC's).
CBAH also had a expenses of 959K in their latest 10-Q filing and already has a second SPAC registered. What really sold me on that SPAC is the incredibly investor-friendly structure (it's a SAIL SPAC, you can read more regarding it in this excellent [DD](https://www.reddit.com/r/SPACs/comments/nw9jhx/good_incentives_badly_needed/) from Tim). GL to you too!
I don’t think so. I’m really not sure what explains that fact aside from the sponsor and (SAIL) structure being among the best out there. Still seems odd given the health care focus and retail investors utter lack of interest in that sector.
CBAHW **<3** The only warrants I've ever come across with a $11 strike price and, of course, the SAIL structure is a beautiful thing.
My favorite cheap warrants are **PCPC**, which are currently $2.16. BUT when adjusted to a $10 SPAC (commons are $25 so the warrants are priced higher too like PSTH), they're \~.86 currently: **10/25 (or .4) x 2.15 = .86.** But **CBAH** warrants at $1.1 are perhaps my favorite pre-DAs, given that they have the [SAIL structure](https://www.reddit.com/r/HAAC/comments/lz9xiu/haacs_sail_structure_is_more_important_than_ever/) as well as a [$11 strike price](https://www.renaissancecapital.com/IPO-Center/News/73968/CBREs-SPAC-CBRE-Acquisition-Holdings-prices-$350-million-IPO-at-$10) (so when you factor that in, they're more like $.9 or at least slightly sub $1). Both are 1/4 warrant SPACs, which is in the top 80% of SPACs in terms of low dilution. And even more importantly: they both have structures such that the sponsor's payout / promote is based on the share price performance post-merger. So the incentives to make a good deal are far stronger than the typical SPAC, where the sponsor gets a 20% cut no matter how the stock performs after the merger.
What's your take on the July 4th US opening theory? If Biden opens it up, these guys should SAIL. Thanks for your DD
I don't think the *timeframe* when it was deferred is indicative of much, to be honest. I do like how engaged the management team is with HAAC (SAIL structure and anticipating for inevitable expenses involved in due diligence and closing a deal - you don't usually see legal fees getting deferred in SPACs).
To put it simply: (1) the SPAC sponsor is one of the smartest VCs out there and (2) the SPAC is structured in a way that aligns the sponsor's incentives with the interests of retail investors to a far greater degree than 99% of SPACs (through the SAIL structure) and leads to less dilution. Read [this post](https://www.reddit.com/r/HAAC/comments/lz9xiu/haacs_sail_structure_is_more_important_than_ever/) and listen to [this interview](https://www.youtube.com/watch?v=wE1CqVt5UQw) for more detail.
When will NCLH stock SET SAIL?
SAIL: HAAC and CBAH CAPS: ENPC and PCPC And NDAC has a structure that's quite similar to CAPS
Come sail away, come sail away, Come SAIL AWAY WITH MEEEEEEE, ape.
he knows something you dont. A SAIL powered mega yacht? The fuck. Looks like this dude wants to be no where near land for a long time.
Anyone bullish about cyber security firms with sleepy Joe declaring a state of emergency for the cyber attack? OKTA, CRWD, and SAIL all look identical for the past few months, and it would make sense for them to see a spike in the new few weeks as Biden tries to push for a cyber security infrastructure plan. Now I’m gonna do the opposite because it makes sense in my head, so I’ll be buying puts
Fair enough. And absolutely agree about the conventional SPAC structure being a serious problem. That's why I really hope there's serious reform with respect to the sponsor promote and why I like HAAC and CBAH with the SAIL structure so much.
There are some new structures of SPACs out there that aim to solve this problem - notably CBAH and its SAIL structure and NDAC with its SCALE structure. I remember there being an article posted on this subreddit earlier that outlined this same problem and some examples of SPACs aiming to solve this problem.
Two things make SPACs very different from their historical norm: 1. **the quality of SPAC sponsors has improved by an order of magnitude**. Some of the very best investors (mostly VCs) have SPACs now: Vinod Khosla, Peter Thiel, Reid Hoffman, Ackman, Mickey Malka, Brad Gerstner, Alexander Tamas, Hemant Taneja, Kevin Hartz, Marc Stad, the list goes on. 2. many **sponsors are now taking serious steps towards addressing the fundamental flaws in SPACs**: namely, dilution and egregious sponsor terms / conflicts of interest between retail SPAC investors and sponsors. * regarding **sponsor terms**... RTP, FAII, and AONE for instance are all SPACs with sponsors who structured their deals so that their success is tied to the success of ALL investors in the SPAC . With RTP and RTPZ for example, Reid Hoffman cannot start selling until Joby stock passes $15. [The SAIL structure](https://www.reddit.com/r/HAAC/comments/lz9xiu/haacs_sail_structure_is_more_important_than_ever/) also holds a lot of promise for aligning the incentives of the sponsor with retail investors, though only HAAC and CBAH have used it so far and neither has announced a deal yet... * regarding **dilution**, more and more SPACs are IPOing with 1/4, 1/5 or even 0 warrant coverage. That means SPACs are much more competitive with regular IPOs because the company’s existing shareholders will not be diluted by warrant holders. The result should be that higher-caliber companies will opt to go through SPACs in the future. (Kevin Hartz does an excellent job of explaining how SPACs can improve and now actually are improving. Check out this [short interview](https://www.youtube.com/watch?v=FciAEJATmD8&t=1s) if you're interested or this [more in-depth one](https://podcastnotes.org/20vc-with-harry-stebbings/kevin-hartz-troy-steckenrider-on-20vc-with-harry-stebbings/) if you're *very* interested.)
yeh that is really unnecessary, HAAC doesn't need to be pumped. The SAIL structure + high quality team are promising enough.
SAIL! This is how I show my love. I made it in my mind because I blame it on my ADD baby. This is how an angel dies Blame it on my own sick pride Blame it on my ADD baby [https://www.youtube.com/watch?v=tgIqecROs5M](https://www.youtube.com/watch?v=tgIqecROs5M)
SAIL is super under valued. I saw this with RKT earlier when it hit $40. SAIL is poised for a run up to $60
This is being fixed. SAIL structure
[This](https://www.bloomberg.com/news/articles/2021-03-06/morgan-stanley-evercore-tweak-payouts-to-spread-the-spac-wealth)is paywalled but if you have Morgan Stanley, which pioneered direct listings as an alternative to traditional IPOs, has created a SPAC model that it calls a stakeholder aligned initial listing, or SAIL. In a SAIL transaction, sponsors get their additional promote shares only if the merged company’s stock appreciates over time. “The basic SPAC promote structure is not necessarily well aligned,” said Bennett Schachter, Morgan Stanley’s global head of alternative capital solutions. The SAIL structure provides incentives for deals to make them more long-term oriented, he added. Investors gain “as the stock price goes up, which is what everybody’s motivated to see, and not only is it motivated to happen for one year or two years, this is long term,” Schachter said. It’s been used on a few deals already. Commercial real estate brokerage CBRE Group Inc. used the SAIL model for its SPAC in December that raised more than $400 million. On Monday, General Catalyst Partners, which helped develop SAIL, filed for its second SPAC using the structure, with plans to raise $500 million. The investment firm’s managing director, Hemant Taneja, has said that his SPAC’s sponsors won’t earn returns until other stockholders do.”
What is the SAIL structure? Any examples you'd recommend looking at?
Thought this article would have mentioned the SAIL structure which is already being used by certain spacs
OI OI OI! TO ALL MY FELLOW ROCKET-RIDING, TENDY-STONK CHASING PIRATES! TO ALL MY FELLOW TENDY-NAUTIES! THIS IS THE GREAT TENDY PIRATE KING AT YOUR SERVICE FOR AN OFFIICAL ANNOUNCEMENT! REMINDING YOU TO PERFORM YOUR DUTIES!: CHASE THE TENDIES! HODL THE TENDIES! GIVE NOTHING TO THE HEDGIES! TAKE FROM THEM, EVERYTHING! TO THE TENDI-VERSE, WE SAIL! MEOW-ARGHHH!!!!! AMAZING u/DeepFuckingValue art by u/spargeletto