Reddit Posts
$SEAH ➡️ $SGHC - Merge Complete! Trading At Bell 🛎!
$SEAH Merge With Super Group ( Merge Friday )
New SEAH Merger Vote Date Announced for January 26th 2022
For all you SPAC loving gambling apes, SEAH is voting on dec 22nd to merge with Supergroup, an online gambling service. Keep an eye on fomo
AMA Schedule November/December 2021 (Holidays AMA list)
Over $1M 96% of my IRA in SEAH. Let's SEAH if I can retire early. 👊🚀💰
GGPI, CRTX, SEAH, CEI, BMRA, ATER, SDC, BTTX, and my baby AMC are my plays for this week let me hear some of yours.... :) MOOONIN
Next month will be a year of holding $SEAH. I might start trimming at 8. No dumping, flipping, scalping, convulsing, hyperventilating, or any other unseemly antics for me.
#JAGX & #SEAH coming up on scanner!
$SEAH YOLO rolled previous position to this plus 30k shares. SPACs are back + Eric Grubman is money! 🚀🚀🚀
You guys reported me again. Was it because of my YOLO in $SEAH or because the Dodgers lost 😢??? Don't believe the rumors I'm still alive! 🤣
$SEAH YOLO UPDATE #6 After trading around a core position I am HODLing 500k warrants. Everything but 100k of this is profit. Stock is moving post accumulation phase and investor presentations. Feels like shares are close to being locked up now.
$SEAH Super Group’s Betway Continues New Market Expansion
Betway ($SEAH) secures official partnership with the NBA's Dallas Mavericks
$SEAH continues to make SPAC VOLUME LEADER LIST PER SPACTRACK.NET as SuperGroup and $SEAH meet at Eric Grubman's Ranch outside of NY where they are completing investor presentations.
$SEAH / SGHC is still trading at EV/REV of 3, so I’m still HODL’n. Looking forward to long-term cap gains benefit beginning this December. Not going anywhere. Zero FOMO elsewhere.
Only one SPAC has product placement in Ted Lasso. $SEAH
I'm glad you guys care but the report of my death was an exaggeration. $SEAH 🤔🤣🚀
$SEAH YOLO UPDATE #5. NOW HODLing 550k WARRANTS. Volume coming in on both warrants and shares has been insanely bullish lately.
$SEAH Updated Investor Presentation accompanied by major volume during investor presentations announced as starting today per Chairman Eric Grubman.
$SEAH lots of questions have come up about warrant liquidity but with the good ones the volume is often there.
$SEAH Yolo Update #4 Pulling into the green as the merger approaches.
UPDATE #3 $SEAH 98% of my IRA and 90% of my investing account. Eric Grubman is money!
AMA#12 - Eric Grubman CFO Sports Entertainment Acquisition Corp ($SEAH) 09/15/2021 - 3 pm
Betway ($SEAH) becomes official sports betting partner of Atlético de Madrid
$SEAH Update: Confirmed Guidance and we will have AMA part 2 coming up soon.
$SEAH Super Group Comments on 1H21 Financials and Expected Filing of Preliminary Proxy
$SEAH is still trading below 3x—real, actual—revenue, and has 2021 EBITDA of 350M. So I’m still HODL’n and will continue to provide transparent updates on my journey for FU money. Not sorry if that offends you.
AMA#7 - Questions for Scott Leonard CEO $SEAH -6/16/2021 6pm Eastern
SEAH (Super Group- Sports Betting & Online Casino).. New & Under the Radar. Cramer gave it a Buy in Friday. Higher revenues than DKs.
$SEAH is still trading at less than 3x revenue, and I’m still HODL’n my full bag. Best play in the market as far as I’m concerned. LFG🚀🚀🚀
AMA#4 - Questions for Eric Grubman CFO/Chairman $SEAH - 6/3/2021 - 12:00 pm Eastern.
AMA's Confirmed for the week of June 1st (Payoneer $FTOC, $SEAC, $FUSE)
Still holding, no plans to sell before $SEAH trades at 8x revenue. Will continue to add July and October 10 call contracts.
Five Myths and Half-Truths About SPACs in this Market
Betway (SEAH) allowed to start taking bets in Indiana on May 28
Update #2 on $SEAH Yolo. My position stands on its own. HODL.
Update #2 $SEAH Yolo. 100% of 3 Accounts including my IRA. Also have 39k shares. Cramer just signaled on MadMoney that the payday is the NFL Season in the Fall. HODL!
Sports Entertainment Acquisitions (SEAH) is currently my highest conviction trade. Now trading at less than 3x revenue. 2021 projected EBITDA is 350m. Will HODL full bag until stock price reflects 8x real revenue.
Update on my $SEAH YOLO. Added a few more warrants. Gotta love the 8's 🚀🚀🚀. Again 100% of my IRA and my largest trading account. HODLing until I gain enough to retire at 35.
On Mad Money yesterday Jim said $SEAH is heavily discounted and it's a BUY BUY BUY. These numbers don't even include the business they are going after in the US. Starting with the NHL Partnership and 10 states.
(SEAH) Super Group’s Betway Executes Multiyear Partnership With The National Hockey League
The Sons of SEAH. If you don't know us yet. You will soon.
(Pumping weekend only),$SEAH: 3x revenue and worldwide sport betting, Casino and gaming, beside great company, valuation and growth there is two more reasons to buy it while still close to NAV, (1), US regular going to approve DGC acquisition for US license soon,2 Betway is a PR machine
100% of my IRA and primary trading account. As Cramer said "Grubman is money." $SEAH is the greatest SPAC of all time. Check the numbers yourself. I'll sell when I am set for life in The American Way. Sons of SEAH Baby!
Digital Gaming Corporation (SEAH) Partners up with DraftKings - GamblingNews
Options of SEAH are grossly underpriced. Betway acquisition announced.
Super Group to Combine with Sports Entertainment Acquisition Corp. ($SEAH)
SPAC Definitive agreement today: $SEAH - SGHC Limited (Super Group)
SPAC Definitive agreement today: $SEAH - SGHC Limited (Super Group)
$SEAH - EXCLUSIVE Online bookmaker Betway parent nears $5.1 bln deal to go public -sources
SEAH/W will be the next NFL/Sports/Betting Spac to go big
Mentions
When should the ticker change on Fidelity? It’s still coming up for SEAH for me.
Shit, I should have plowed $10k into SEAH (now SGHC). Tutes are on a buying spree!
But CFV and SEAH had over a week to get there. 17% drop on the first day would be pretty big even for deSPACs.
SEAH approved with only 55% redemptions - company gets about $202m. Thats good for spacs. Was slightly worried since they had no PIPE, but will be adding more warrants now that the risk is gone on the deal closing.
Impresses that SEAH only got hit with 55% redemptions on that relatively large trust.
It really is true that victors record history. There he is blabbing and blabbing on TV, saying outlandish things to get a reaction, and then when he can create enough panic, he can then say he was right. The hypocrite continually says that he hates all spacs, but then recommends SEAH. WTF? He has seem to forgotten STEM and MP as well. So, it's easy to gloat and claim victory while painting the narrative to the masses, but the truth is that IPOs aren't that different. Did some spacs have lofty projections? Sure, but I like the ability to make that choice for myself. This is an attempt to stop competition for the larger banks while trying to appear as the hero. I'm a capitalist and I like competition. I don't see why we can't have competition. The tech is outpacing the rules and if people in power don't understand that their choices have far reaching effects (no matter how much they want to control the narrative), then this could be a rough ride for us all. The spac companies didn't create the spac bubble. The retail investor did that.
Yeah if it’s a sketchy deal wait until after vote and sometimes the commons will rise up and push down the put price a bit but honestly right now nothing’s a great deal. Sometimes you can get in on puts when the date is announced and sell out close to the date but pre vote for a decent gain (I did this with SEAH). Had my eye on TREB if it goes into the low-2s but seems unlikely.
>I'm looking at SEAH where commons are at 8 and I'm assuming the majority of shareholders with voting rights are at a cost basis over 9.50. The market isn't look friendly to betting stocks so unless institutions think this will bounce to the high 9's, why would they vote yes to merge? So SEAH is at 8 because floor is gone right now, so no one can redeem. The ones who redeemed got their [10.xxx](https://10.xxx) value already. Everyone votes to merge. Because - majority is owned by directors and arb funds who want their money back. If the merger falls or is voted no - the warrants die down to 40-50 cents.
If commons are trading well below NAV and a merger vote is scheduled, what is the motivation for shareholders that have not redeemed to vote yes? I'm looking at SEAH where commons are at 8 and I'm assuming the majority of shareholders with voting rights are at a cost basis over 9.50. The market isn't look friendly to betting stocks so unless institutions think this will bounce to the high 9's, why would they vote yes to merge?
I am looking for an entry on $SEAH at $5-6 range for betting stocks
Sold off most of my puts for a nice profit, keeping SEAH and a single LCID put for now that I'm running PMCP on. Bought a pair of ARKK 59.22P (wtf is that strike?) for March 18 as another hedge for FOMC and earnings, probably going to sell weeklies to pay for it.
I would use some caution here, as buying puts before the merger/ticker change is risky as it's possible for them to cancel the deal or shift the merger like MCMJ. Here's a calendar with the upcoming ones in green, the one's I'm looking out for are SEAH, IVAN, CCAC, and MCMJ.
SEAH going to the $6s? $5.1 billion valuation, $1.7 billion 2022 revenue, only 13% growth and slowing growth going forward. At least a 1/3 haircut off that initial valuation I think.
Well gents, I went pretty heavy into SEAH puts yesterday so all you GENI, SEAH, and DKNG holders better buckle up cause the monster sports betting run is gonna start next week just to ruin me
Ticker change is next week for SEAH right? I’m assuming the redemption deadline has passed?
Sold my XPDI/CORZ Feb 10p for $3.20 from $1.55, I'm sure it will go down more from here, but it's diminishing returns and a -30% day is a gift. Rotated into SEAH Feb 7.5p, I suspect once the ticker change occurs, it will drop straight to 6 if not 5..
I'm giving it one more day, then I rotate into SEAH.
Did SEAH release any Q3 earnings update information?
I can tell you that Hero is legitimately one of the top ones 2 wheel makers in India. All partnerships are legit. The design of having batteries under the seat is also used by other makers. Yamaha will be using their swap technology in their new scooter. Yamaha is a giant in 2 wheel market. So the news coming out is legit - BUT LOOK AT SEAH. it was pumped as well. Book profits while having Nav protection on both commons and warrants. If you are Looooong nibble a few post de SPAC.
Why is SEAH drilling? Is NAV gone today?
Redeemed SEAH. have no courage to hold it through merger. It can moon now…
I sold all of my CCAC, IVAN and SEAH puts for 2-3x, XPDI puts are all I have left. I sold 1/3 of them at 3x to cover the cost, i'm lettiing the rest ride hoping for the stock to dump, but so far it's holding steady near nav after the floor dropped, so we'll see how it goes. I actually like the stock, but with so many other spacs getting killed, i bought puts since they were so cheap.
SEAH warrants are going to be the most priciest warrant for any recent deSpac. Though I doubt the merger goes through. Super Group does not need 300M and drag their name in shit.
SEAH has a $300M minimum cash condition. They will have to waive it most probably as redemptions are likely to be higher.
Definitely do your own DD but a few optionable mergers coming up are XPDI, CCAC, TREB, SEAH, and SBEA. Right now I’m primarily in XPDI and BOXD puts: XPDI’s merger meeting is tomorrow and crypto mining has been getting wrecked (see MARA), while BOXD has a wide pricing discrepancy between commons vs. warrants that makes me think it’ll keep dropping. Have some SEAH 11ps but may sell those off soon (got them around vote date announcement and am up 40+% already). After wrapping those up I’ll turn to the others on the list to see what makes sense.
First off, if you’re going to compare an online only global betting/iGaming stock to a biotech and a tech stock then we can just not go any further. ‘Cuz SPAC’ isn’t a reason. Also, as I mentioned before, SEAH’s valuation was never determined by TAM/growth stock metrics from the outset, even though the sector it is in has many that did use that metric. Many SPACs that have come to market and are now trading well below NAV had PIPEs that were redeemed shortly after de-SPAC. Add in the HFs shorting and lack of profits and that’s why those companies are doing so bad. SEAH/Super Group isn’t even like companies in their own sector that have undergone the transition like DKNG and RSI. A lot of gambling companies have been decimated because they were way over valued and are not profitable yet.
Most other SPACs have PIPEs, $SEAH doesn’t. Most other SPACs had stretched valuations based solely on TAM. $SEAH’s valuation has always been conservative, is already scaled up, has zero debt, and is already profitable. Plus, US growth was not even factored into their forecasted numbers which means the US market is icing on the cake. With inflation being factored into the overall picture, $SEAH’s valuation is cheap relative to other gaming/sports betting stocks.
what happens to XPDI if redemptions are 90%? a 3.4 Million float - It will rip. Same with SEAH - I guess due to this the 10cs for both arent cheap.
Crazy volatility on the Jan SEAH calls. Sold 50 of them for $30 each an hour ago, just bought them all back for $10 apiece
SEAH Feb 10p shot up 190% today, volume is non existent.
SEAH vote January 26 gentlemen, finally good news.
If it's anything like SEAH's delay could be 30 days+
BOXD and SEAH warrants were my two massive positions at $1 and $1.9 avg. I sold SEAH on the twitter pump at 2.50 and missed the rally to 4.50 (which was bad but look where the warrants are now). BOXD I sold for break even. 15000 Feb 12.5c were purchased. Lot of puts purchased as well. I know that if it stays above 10 for 10 more days the warrants can be called for $2 ish. Yikes!!!
I wonder where the Shawn SEAH guy is and if he will hold through merger
>CND $10 Calls are cheap now Thanks for the call out. Feb ones look good for 20 cents. Also FTCV Puts and SEAH puts have not moved as there are no dates. So take a gamble on Feb ones hoping both announce. I have more confidence in SEAH than FTCV.
Yeah there aren’t a lot of upcoming ones that have options, unfortunately. SEAH could work, but still need to nail down a date I believe. And the past couple month’s price action means it could come back to bite you if sentiment turns pre merger.
Does anybody know when SEAH loses its floor?
yeah I got smacked on SEAH commons from $10.30 to $9.95
SEAH seemed like a sure thing a few months ago :/
Several merger votes should be announced next week. Watch for CCAC, SEAH, and IVAN.
SEAH warrants up big, any news or just low ass volume?
Yeah could happen. I like SEAH as far as gambling goes. Grubman knows how to pump on Twitter
Just checked the last time I was breakeven on the stocks that I’m bagholding and most (SOFI, PTRA, BABA, BLDP, SEAH) were around late November. Feels like it’s been forever. My only long term bags are IPOF and a small amount of PLUG. It gives me hope.
Why are SEAH warrants $2.68 and commons stuck at $9.94 with merger vote likely in January? Who are these crazy people buying warrants? I have a decent chunk of my portfolio in SEAH commons just in case but this warrant premium is ridiculous.
I’m new to Reddit. I thought I’d share a spac with a great target which is really being over looked by most. But it seems like there’s a lot of anti China resentment here which is justified based on the last few months. DiDi, Huawei, and tech etc. But it is in these covid times with bad US Sino relations that a coffee company which I’ve seen with my own eyes being extremely prosperous here that we should invest. Good luck all. My other favorites are GGPI and SEAH
I asked yesterday anybody buying SEAH warrants for 2.04 - someone said buy at 1.75 - its now at 2.60. WTF!! up 27 purrscent! where did my balls go. why am I so scared?
I think GENI has more upside as sports betting in the U.S takes off. It's very crowded for sportsbooks here. SEAH financials are solid and they have a worldwide footprint. I had started a position in October and sold it last month when it pumped. The merger is taking much longer than anticipated
I sold all of my commons to put into other beaten down things personally. I was almost 100% SEAH commons at one point
what do we think about SEAH - holding till merger makes sense but what are you warrant holders doing now? Only saving grace for it is that it actually is profitable but if the sector is still hurting till de-SPAC then no point holding all of it through merger.
Anyone picking up SEAH warrants at 2.03
Compare to betway/super group $350M EBITDA this year, $420M next year (merging next month with SEAH).
PENN and DKNG flying, SEAH flat even tho it's worldwide and massively profitable and growing fast
SEAH max pain for today is $12.50. Watch her spike up to that spot by end of day!
New plan for me. I just sold all of my SEAH commons which was like 60% of my portfolio and got rid of 2 of my 4 pre da warrant positions. I am going to go all in LEV warrants(everytime they go under 3 I buy some and I have rode back to 4+ at least 3 times, there is no early cashless conversion so they still have about 4 years left) , PPGH warrants, and I don't know what else. Probably just those 2
I would be sweating if I was a son of seah with a YOLO portfolio in SEAH warrants. First of all there’s GENI, but secondly SEAH is 7 cents under NAV without a PIPE.
That's SEAH, not FTCV/Etoro. What are you talking about friend?
My highest conviction NAV spacs that I think could actually move above NAV *before* merger (haven't seen a lot of this happening lately). Likely catalyst is merger date. RBAC - SeatGeek SEAH - Super Group DCRN - Tritium FTCV - eToro (but only if valuation is changed and the deal doesn't fail) Any others at NAV that may be able to sneak up to 11 or 12?
SEAH no shares left to borrow since this morning?! Extremely profitable gambling company betway, merger pushed to January. Now arbitration players in trouble with no bullets left and the fomc rally adding pressure... short squeeze imminent!
Down about 10%. Was up big until day after Thanksgiving. Stupidly went big into JETS the day before omicron was announced, went into FST before the deal fell through, bought into SEAH before the fall back to NAV. Now I’m trying to lose even more by timing SPY puts. 😶
SEAH warrants single handedly undoing every gain I've made since February, what a time to be alive
SEAH vote is 22 Dec. On what date is the NAV floor gone?
lmao at SEAH pumping back to NAV *after* news that merger was delayed.
$SEAH postpones merger to Jan: https://twitter.com/epgrubman/status/1470801850823753737
Well I guess going almost all in on SEAH at 10.90 wasn't the best idea....but at least my losses are pretty minor compared to if I had been diversified into warrants. This market sucks, I was up 60% on the year like 2 weeks ago now only 36%....I think I'm going to cash out of my SEAH and go all in PPGH warrants for a hailmary
Is SEAH really going to vote on the 22nd of December and the share price is at 9.95 right now???
It's because it's a preliminary date and not a definitive one. Additionally, Daniel is tracking the filings under Super Group (SGHC) Ltd, not under SEAH. Because it's an international target, they have to file the proxy under Super Group and no filing there since a preliminary proxy on 12/7. https://www.sec.gov/cgi-bin/browse-edgar?CIK=1878057
It's not incorrect, but it's not a definitive proxy. SEAH management is required to file a form 424B3, and they have only filed preliminary thus far (an F-4/A under Super Group's CIK). We have seen plenty of companies set preliminary dates (NTSB, CCAC) and then miss them. However, this is the first time I have ever seen a SPAC set a date in a DEFA14A filing AND send redemption instructions to brokers (I received mine). Some chicanery going on here, but I don't think they can hold a vote without a definitive proxy. I emailed their IR but they have not responded. Today's price action says that the vote is not next week because the arb spread is too good.
SEAH at 9.95 is too good an arb yield for a meeting next week. I don't think they hold the meeting on 12/22. SEAH investor relations is a joke. They come out and schedule 12/22 meeting and send tender offer instructions to brokers, but still do not have a definitive proxy on file with the SEC. Wrong order of operations here. They were clearly trying to time the redemption to be before Opex. Not sure they can legally have a 12/22 meeting now since there is supposed to be 10 day minimum notice for DE corps, though I'm not sure if the DEFA14A counts as notice even though it's not a definitive proxy.
What are we thinking happens to SEAH, it was one that had a lot of price movement even during the "bad times." Merger is next week and I believe the price floor drops on Friday. Just bad timing? I have a decent position it just doesnt seem like its going to move much and warrants will only bleed down. Don't think i will be holding anything through merger in this climate.
Same watching both with no position In on PRPB SEAH DRCN instead for now
Still in on this? SEAH starting to hurt now, looking worrisome if the other betting stocks csnt get their shit together.
I know they aren’t the same but it’s sort of a push to not buy SEAH yet
SEAH It seems they can redeem warrants for common stock if it trades between $10-18 for 10/20 days. Is this correct? Section 6.2 below. The typical >$18 redemption for cash is also mentioned in section 6.1 https://sec.report/Document/0001140361-20-021735/
PL and SLDP are two massive SPACs so happy how CBAH is doing. I believe if gambling recovers by 22 December SEAH should get a run up as profits from PL and SLDP moves over in anticipation of merger. CnDW really had a great day. I sold half at the bottom but still booked 50% ... merger is a bit far away so maybe bite at the cherry again. Want to trust the rally but 17 December scares me. GL all.
Strange to see GENI under $10. Seems all the gambling stocks are down, and GENI (and probably SEAH) offers most upside. I started a small position but haven’t dove too deep yet. Anyone got a good recent DD on this?
I was in SEAH for a while and made good gains, sold around 12ish. Idk if I wanna buy before merger though cuz it seems like gambling stocks are iffy right now
SEAH close to NAV merger on the 22nd... has had big price action in the past. CFVI if it drops back to the 12s or lower
SEAH, FPAC…SPY and IWM puts
SEAH the darling at lows, will start buying more
For me, NIO BABA NCLH BA have all been recent buys with more room to go up to recent prices. SOFI has been a good scoop as far as a de-SPAC. SEAH for an earlier one. I love it has no PIPE so I think it will be strong after the merger vote this month. The team is good at the Twitter pump too
SEAH something something dirty whore!
Not on this calendar but i’m patiently waiting for CND and SEAH merger dates
SEAH will likely get a little run at some point before merger vote dec 22. could have gotten as cheap as $10.21 today. I like PPGH gogoro but might not get action for a while. CND/bullish was stupid cheap before todays repop. if you could get it around $10.30. so maybe watchlist it. FTCV etoro? preda gambles? ipod, ipof, dnaabcd, svfa, cpuh. cpuh pretty low risk as it hangs out in the $9.70s. btwn.
Ummmmm yeah SEAH is at 10.45, and was at 10.20 earlier... most everything that is sitting a couple cents under NAV is either without a DA or garbage... sooooo ummmmm yeah
Need a new near NAV commons play with a potential catalyst to park some money... not really confident in FTCV right now... My first choice is SEAH (merger on the 22nd)... anything else I should be looking at?