re: HUBC Van, you would have had better luck looking over this F-4 than me...this thing is hundreds of pages. they make them so damn complicated. i read the first 80 pages and then their most recent doc. i think their finances are a mess--the merge didn't go as planned. the PIPE funding fell through so they had to take on last minute loans on not great terms. I think almost everyone picked to redeem their shares for ten bucks rather than go through the merge, so they didn't make any money that way. they should have pulled the plug on the deal, but then the big honchos wouldn't have gotten their pay day.Hi Jane.That MT. Rainier spac... it has been hitting volume scanners all week. I just assumed it was some silly spac that went meme stock. I didn't even look at it.
I bet there are plenty here that would agree with me on this one, but when I see the word "acquisition" tacked on to the end of the name of a stock... it's like whaaaatever.
That being said, it has shown up for the last several days as volume leader both pre and post market.
I dunno... be careful with it
still, this thing got rocked the last couple of days. i don't know why it went so low. hard to tell how many shares there are until it posts (esp because of the recent last minute financing). it sure is trading like someone is dumping with no care at the price. still. i did some estimate based on what it was trading at in israel, what funding they've obtained, what *maybe* the share count is and i came up with $1.60-$1.90 as a realistic range. curious to see what it does tomorrow.


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