What's the bull thesis on DWAC?
🗣️ DISCUSSION 💬
Haven't done any DD since it resembled a meme stonk, buts it's held up through this liquidity drain and has gotten my attention.
replying so I remember how to get there^ don't venture out of GAW much.
It’s a trump media company. He’s going to have an uncensored social media and also a tv network and YouTube dupe I believe. People are so tired of censorship that I think it will take off for sure
Yeah. Rumble.
It's a way to invest in Trump. I don't care if it goes to $1M or $0. 💎🙌
Is that English?
DWAC will do just as it's name indicates. It will aquire digital assets. I think we are waiting for the first merger.
I thought you meant it will whack the Ds
🚀🚀🚀🚀🚀🚀
My thesis is that is it will pass the high of $175 that it hit last fall within the next month or two (launch will be Feb or Mar), there will be extreme volatility, then it will climb and climb and climb some more.
💎🙌
Savvy business man wants to start a new social media company based on preserving the principles of free speech. Such a platforn would be a magnet for billions of people around the world, so the customer base is built in. Not sure what revenue model they are going to use but step one is to have the customers and it will.
Trump and team are well funded already, and would have no problem getting any amount of additional investment if it's needed, so creating a great platform (rumor is its been in the works for years) is possible. Acquisitions may be part of the strategy as well so launching a multi faceted, hi tech, functional platform is certainly feasible.
Not sure if you know how Special Acquisition Companies or SPACs work, but DWAC is not the company that is being launched, it's the vehicle to set up the new company on a public stock exchange. By design, the real market value of DWAC is only $10/share yet it trades between $60-$100 and has been as high as 175. This shows demand and proof that the market believes its undervalued, even without knowing exactly what it is.
Now this is not a GME, but there is significant short interest on it and at the time of conversion, there will be significant buying to cover the short positions, which will launch the price on its own.
So, competent management, desirable product, large and loyal customer base, potentially good tech, built in demand on the stock, I'd say it's a good investment.
Fidelity seems to be one of the least shady
Vanguard is probably least shady IMO or better to DRS, buy through ContinentalStock.com or buy and transfer.