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Comments (41)
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16
AZTrumpette1776 16 points ago +16 / -0

I'm willing to lose all the money I put into Dwac. I'm holding.

12
magayd45 12 points ago +12 / -0

DWAC is gonna acquire twitter mark my words

1
BasedCEO 1 point ago +1 / -0

Marked

1
BadMamaJama 1 point ago +1 / -0

And CNN?

9
DaPurrs 9 points ago +9 / -0

the lower DWACW gets, the more I buy. Warrants are then game here.

4
PepeSee 4 points ago +4 / -0

I tried to look into warrants, it gets kind of confusing. Do you just buy them like the stock itself and sell when you want or what (like how does it work converting them to stock or whatever)?

Edit: Like if you can provide a basic overview that would be swell/appreciated.

3
BCIsARapist 3 points ago +3 / -0

You buy warrants just like a regular stock. You can also sell them just like a regular stock and take a loss/gain and pay tax on them under the same rules as a regular stock. However with warrants there will come a time, after the merger between DWAC & TMTG, when they will become exercisable meaning for each W you own you will be able to convert it into one common stock for the price of $11.50.

You need to be aware that whatever gain you make upon exercising that W will be taxed as ordinary income no matter how long you held the W and the company can call to force you to exercise the W within 30 days at any time so you will need to make sure funds are on hand to pay the fee and the ordinary income tax at year end. The gain will be considered the price of common stock upon exercising - price you paid for the W - $11.50. Then the new cost basis of your common stock will be the price of the stock upon exercising. So if you bought a W for $10 and exercise when common stock is $100 you will owe ordinary income tax on 100-10-11.5=$78.5 gain. Again this will be the case even if you own the W longer than 1 year.

Most likely they will force exercise of the W's soon after they become exercisable although they can go for up to 5 years without doing that but that's highly unlikely. At that time you can either sell the W as a regular stock or call up your broker and let them know you want to exercise for $11.50 each. After the merger is successfully completed the price of W's should shoot up much higher and be much closer to the price of common stock, minus $11.50, so you will always be able to just sell them like a regular stock if you don't want to go through the exercise process or lack the funds to do so They are more risky right now because you get nothing back if the deal falls through but will be much more profitable than buying common stock now if everything works out as planned.

3
PepeSee 3 points ago +3 / -0

THANKQ. This sums up how this works better than several pages I hit that tried to explain it etc.

1
watchdoggy 1 point ago +1 / -0

Not taxable if through a Roth IRA.

1
BCIsARapist 1 point ago +1 / -0

You are limited to investing only $6000 per year in the IRA though right? Also would you still be able to exercise the warrants to convert to common stock somehow and it's still tax free? I'm not eligible for a Roth IRA but interested in how it would work.

3
DaPurrs 3 points ago +3 / -0

30 days after the merger you can execute each warrant. Each warrant lets you buy 1 DWAC at $11.50. So your cost would be the warrant price +11.50 + really small broker fee for the whole transaction.

So if you bought the warrant for $10 and then executed it and got a share for $11.50 that share has cost you $21.50. It’s trading over 40 right now so there you have it. Profit.

Not financial advice.

8
Kekshot 8 points ago +8 / -0

Profit was always a collateral. DWAC is literally putting money where your mouth is, and supporting those who stand for you. I always though of it as a donation first and an investment second.

6
bubble_bursts 6 points ago +6 / -0

Best time to buy! :)

5
Richone 5 points ago +5 / -0

Holding Dwac, dwacw, Gme and aapl.

1
pnwhomebrewer 1 point ago +1 / -0

aapl?

1
Richone 1 point ago +1 / -0

Apple like phones!

1
pnwhomebrewer 1 point ago +1 / -0

Why hold Apple?

1
Richone 1 point ago +1 / -0

Have some that has increased by over 400%. Wifey has some that has increased by over 1300%. Bought way back when it was 10.19 a share! It’s been our best performing stock.

5
BilleeBeene 5 points ago +5 / -0

Live in Houston (hurricanes). Holding the line, piece of cake! WWG1WGA!

4
Blue-collar745 4 points ago +4 / -0

Let’s hope the guys selling it will help us in the long run

4
axrevolutionai 4 points ago +4 / -0

Hold, will hold forever!

4
Responsible1 4 points ago +4 / -0

And sell all your gold and silver because it is going down too!!

(They are dumping paper)

4
MAGAftwftp 4 points ago +4 / -0

I keep loading up on warrants u/#pepecozy

4
ATLAS_ONE 4 points ago +4 / -0

I don't bet my life savings on one flavor of sauce so I'm always comfy.

3
Wendyrogersismyhero 3 points ago +3 / -0

I’m comfy! 😉

3
motrhed3 3 points ago +3 / -0

loose or lose?

3
jimmerjam [S] 3 points ago +3 / -0

LOL! good catch. My bad. But obviously when a rabid lib is raging they can't spell correctly what they are saying!!!!

2
AngelCole 2 points ago +2 / -0

DWAC is just getting started. I'm planning on long term hold.

2
bigsix 2 points ago +2 / -0

loose?

2
SOTUisFUBAR 2 points ago +2 / -0

I'm going to grab a few more DWACW tomorrow. Hopefully the sale price drops more for me!

2
Marius 2 points ago +2 / -0

BYe Moar!

2
Mister_Winston 2 points ago +2 / -0

Tech stocks on NASDAQ are falling faster than DWAC. The floor on DWAC was already tested several weeks ago around $33. It's gone up to $55 and back down to $38 since then.

The web version goes live in a couple of weeks. It'll go much higher than $55 at that time.

2
wantstogomoon 2 points ago +2 / -0

You are correct. A SPAC at 40 that will not budge when the market is crashing?

Hell sign me up for MORE!

2
Wendy-srox 2 points ago +2 / -0

I respond better to investment advice that doesn’t have misspelled words. What “looosers”

1
jimmerjam [S] 1 point ago +1 / -0

Soory about that!

2
Quantachyon 2 points ago +2 / -0

It's a sale!

2
wantstogomoon 2 points ago +2 / -0

HELL NO, I am LOOOOOOOOONG term HODL on DWACs.

DWAC is the future of America our parallel to the evil that is there now!

DWAC / TMTJ is going to be the BIGGEST stock market stock in the next 5 years even blackrock is gonna want to own this!

2
Analophigus 2 points ago +2 / -0

I’m comfy holding my XRP, XLM, Silver and DWAC

2
Lawjic 2 points ago +2 / -0

Why XRP and XLM?

2
Analophigus 2 points ago +2 / -0

I just have a feeling itll make it beyond the crash. Im no expert at all, but Im holding. 👍🏻

4
wantstogomoon 4 points ago +4 / -0

when the real crash happens, be sure to grab those blue chips for pennies on the dollar that are quality. Boeing comes to mind, just like in 1929 the way the 'rich' did, you do as they do, to be rich like they are!

A simple 20k in your cash account when the market drops like a rock and hits bottom will turn into millions cause you know stocks never sit low like that for long term!