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Of note for the curious: Special Purpose Acquisition Company (a.k.a. "blank check companies") [1]. 1. https://www.investopedia.com/terms/s/spac.asp https://www
by mojomark 6y ago
Of note for the curious: Special Purpose Acquisition Company (a.k.a. "blank check companies") [1].
1. https://www.investopedia.com/terms/s/spac.asp https://www.investopedia.com/terms/s/spac.asp
- IshKebab 6y agoYeah it seems to be a pretty solid indicator of scams. 2021's equivalent of ICOs. Ok maybe a little less scammy than that but still definitely not a good sign. Fairly mind boggling that people would invest in this to the tune of hundred of millions of dollars. Even without the overpromising detailed here it's a very speculative idea that could easily be copied at a fraction of the price if it worked.