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https://news.crunchbase.com/business/terrible-spac-performers-stock-drop-lmnd/ https://news.crunchbase.com/business/terrible-spac-performer... “For SPAC invest
by JohnJamesRambo 4y ago
https://news.crunchbase.com/business/terrible-spac-performers-stock-drop-lmnd/ https://news.crunchbase.com/business/terrible-spac-performer...
“For SPAC investors, however, the good news is there is only a limited distance left to fall. If you’re trading at $2 for instance, at least there’s only $2 left to conceivably lose.”
The SPAC scene in a nutshell haha.
- vagab0nd 4y agoAre they serious? This reminds me of "it's already down 90%, only 10% left to drop". But it doesn't sound like they are joking in the article.
- smabie 4y agoTurns out that even if you're down 90% you can still go down another 100%.
- JohnJamesRambo 4y agoIt’s a Poe’s Law moment for sure. But I get that a lot reading things like Crunchbase and Motley Fool.