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The downside is you will waste a lot of time and money and will ultimately accomplish nothing. Not what you want to hear but it’s the truth. SPACs are mostly s
by xwdv 4y ago
The downside is you will waste a lot of time and money and will ultimately accomplish nothing. Not what you want to hear but it’s the truth.
SPACs are mostly scams and most have done very poorly. You got caught up in one, reap what you sow.
- spac_throwawayy 4y agoThanks for the dose of negativity but I left long before SPAC was the path and I’ve already sold for more than I ever expected the stock to be worth. The question is, should they get away with mishandling my stock to their benefit.
- xwdv 4y agoSeems like they already have.
- abeppu 4y ago> reap what you sow. That seems unfair though, and highlights really the key issue. That idiom is about accepting the eventual outcomes of your own actions. But most people who hold equity are impacted by the the choices of a small minority of powerful players. The board and some C-level execs are the only people in a position to choose whether to pursue this path or influence how it is managed or administered. If those parties unloaded their shares in those early days while intentionally preventing the pool of current/former employees from selling theirs, that seems shady.
- wg4t3464y4 4y ago> SPACs are mostly scams and most have done very poorly. You got caught up in one, reap what you sow. This. OP is more or less complaining that they weren't able to unload their bags fast enough to maximize their windfall benefit from their involvement in what amounts to a scam perpetrated on public markets by VCs. Hardly a sympathetic character.