SPAC’s specifically. These are nothing more than inflating hedgefunds asset/debt ratios so they avoid audits and margin calls. They are barely afloat and leveraged well beyond their means
If you look chronologically into Citadel you will notice that they had bought majority ownership into 3 SPACs over the previous 6-10 years, but then ‘magically’ decided SPACs were the way to go and invested in like 78 of them over the last 1-2 years.....?
Some autist on Reddit paid out the math and the asset value incurred as they pay fractions of pennies per share with ipo’s of $10. There really is no ‘company’ nor will it ever acquire anything other than retail investor monies who think it’s another startup. Bottom line, had Citadel not ramped up its pace of SPAC investment the debt ratio would have already forced audits and margin calls. Stay far away from Citadel friend - house of cards.
SPAC’s specifically. These are nothing more than inflating hedgefunds asset/debt ratios so they avoid audits and margin calls. They are barely afloat and leveraged well beyond their means
You seem to know your shit. More so than I even. Love seeing fellow investors and traders on here. Crypto TA is my specialty. bows
If you look chronologically into Citadel you will notice that they had bought majority ownership into 3 SPACs over the previous 6-10 years, but then ‘magically’ decided SPACs were the way to go and invested in like 78 of them over the last 1-2 years.....?
Some autist on Reddit paid out the math and the asset value incurred as they pay fractions of pennies per share with ipo’s of $10. There really is no ‘company’ nor will it ever acquire anything other than retail investor monies who think it’s another startup. Bottom line, had Citadel not ramped up its pace of SPAC investment the debt ratio would have already forced audits and margin calls. Stay far away from Citadel friend - house of cards.