It's easy to make money and lose money in the stock market- so that's a very personal decision. I am not 100% sure I understand the meaning of this article, which is why I asked for others' opinions... so I will be watching replies. A lot of experienced traders took a bloodbath in this stock today and yesterday... while many made a small fortune last Thursday and Friday. If you are interested in trying it out I'd encourage you to do some studying. I watched different free youtube videos.... but they can be actually harder to piece together a plan from than a book. I bought the book, "A Beginners Guide to Daytrading" at Barnes and Noble and took a lot of notes (though it is somewhat outdated as the lady wrote it like 20 years ago, it still covers good basics). I used this guy's tutorial to help me set up my Webull platform: https://www.youtube.com/watch?v=M13o-RtCoG8. I realize not everyone can get into that and just want to buy and wait. i have no idea what this stock will do, but I personally want they company to succeed, and I think a LOT of other people do too. That makes me not objective, and solid trading requires objectivity. That said, at the end of the day, the markets are trading emotion. lol I probably didn't answer your question. I got into trading a year or two ago and it has been a good experience overall, but you get punched in the face a lot too. Just keeping it real. :)
I don't know why I didn't think of this. My cousins use to be a tradesr. I will ask him. Both of them taught their young sons. He has always and still does well.
TL;DR, these earnout shares are for the shareholders of TMTG, pre-merger. Those would be the people putting up the initial stake and the execs getting this thing off the ground.
There are targets to hit relating to the stock price, and are payable after 3 years... it's an incentive to drive the company's value, not a freebie to us acolytes.
Is it worth only buying 5 shares if that is all you can?
Yes.
Do you mind saying how much you have made? Did you get it when it was real cheap?
It's easy to make money and lose money in the stock market- so that's a very personal decision. I am not 100% sure I understand the meaning of this article, which is why I asked for others' opinions... so I will be watching replies. A lot of experienced traders took a bloodbath in this stock today and yesterday... while many made a small fortune last Thursday and Friday. If you are interested in trying it out I'd encourage you to do some studying. I watched different free youtube videos.... but they can be actually harder to piece together a plan from than a book. I bought the book, "A Beginners Guide to Daytrading" at Barnes and Noble and took a lot of notes (though it is somewhat outdated as the lady wrote it like 20 years ago, it still covers good basics). I used this guy's tutorial to help me set up my Webull platform: https://www.youtube.com/watch?v=M13o-RtCoG8. I realize not everyone can get into that and just want to buy and wait. i have no idea what this stock will do, but I personally want they company to succeed, and I think a LOT of other people do too. That makes me not objective, and solid trading requires objectivity. That said, at the end of the day, the markets are trading emotion. lol I probably didn't answer your question. I got into trading a year or two ago and it has been a good experience overall, but you get punched in the face a lot too. Just keeping it real. :)
I don't know why I didn't think of this. My cousins use to be a tradesr. I will ask him. Both of them taught their young sons. He has always and still does well.
Adding a correction to every comment and then deleting--- my post is an error! Here is what another commenter posted:
Hol' up, hoss. These 40M shares are not for us.
Sauce: https://www.sec.gov/Archives/edgar/data/1849635/000119312521308146/d230221d8k.htm
TL;DR, these earnout shares are for the shareholders of TMTG, pre-merger. Those would be the people putting up the initial stake and the execs getting this thing off the ground.
There are targets to hit relating to the stock price, and are payable after 3 years... it's an incentive to drive the company's value, not a freebie to us acolytes.
Yes, if only to be a part of history. A scratch off ticket is worse....