PHI FINANCIAL NEWS

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I purchased a little of the Rumble SPAC (CFVI) early.
It hasn't taken off yet.
Time will tell.




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I know this will sound silly to some to base actions somewhat upon clues in a dream.
But, it was no ordinary dream and is still crystal clear to this day.
A recount of the dream posted here on March 31, 2016:
https://inphinet.net/threads/deception.363/page-1#post-5245

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Trump has always said he thinks it may be a con.

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Since I began speaking about it here, I will continue on with my personal experience since converting my IRA to DWACU (to be merged with TMTG) on the first night. I had plans to just hold and consider it a long term investment, such as a CD. But, considering some accounts of what happens post merger with SPAC's, I began to be concerned that as stated when all the institutional and insider shares merge with the public shares there could be dilution due to the increased amount of shares post merger, as well as when warrants become exerciseable. The profit sitting there several weeks ago looked good to me and I had been watching the stock price rise and fall. I thought perhaps I could sell out and buy back at a lower price. So, I took a very nice profit and got out. The only trouble is it never went down again and only continued to rise after I sold and I have been rather bummed out not being in on it.

But, I have been watching the price of the warrants (DWACW) for a while. A warrant gives one the right to purchase a share of stock at $11.50 when warrants become exerciseable which is stated to be in September. I figure by then the social media, cable news channel, and Netflix type service will be operational and the stock should be at a good value. So, I took all of my profit and even a little more recently and purchased a lot more warrants than I had shares. As it averages out, since most of the warrants were free, I will have only $5 and some cents in each warrant and be able to purchase shares in September for a total of $16 and some cents each. So, I feel safer now if the value goes down post merger (and, it may not), I will not be affected. Unless something really really terrible happens, I am thinking TMTG stock value should be much higher than $16 in September and in the years to follow.

I am just mentioning this in case anyone may want to consider taking a look at the warrants. I am certainly not recommending anything, though.

 

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