Viewing profile — spac_throwawayy

I’m just an engineer who got stock as compensation. I built real things. I wasn’t playing a pump and dump game. I just wanted a fair shot at selling my stock before insiders tanked…

I tried but couldn’t find options that early. Working with large brokerages and they said options wouldn’t be available for weeks or months. Not sure if that’s always the case or i…

Okay with you if your brokerage stops you from selling when your stocks are up?

Thanks, that’s where I’m leaning. It does seem like some investors were able to sell immediately based on social media posts. The price even had a nice pop after listing. Would’ve …

Thanks for this comparison. This sounds like what I’d expect: possible to sell on the first day though maybe not cheap or easy. We weren’t even told where our shares were until aft…

It’s a pretty niche area of law from what I can tell. Most lawyers familiar with SPACs just set them up (already a relatively small area). Most securities lawyers familiar with sim…

Thanks for the dose of negativity but I left long before SPAC was the path and I’ve already sold for more than I ever expected the stock to be worth. The question is, should they g…

Thanks for the link, I hadn’t seen that (not from buzzfeed). I agree the company won’t be in a strong financial position to pay out a huge penalty, but they have plenty to pay me a…

Right, which means they are incentivized to not give me access to my shares which I’m entitled to. Maybe not in their best interest for me to sell, so maybe fiduciary duty is the w…

We have. There is a firm with relevant experience that will take the case. Their advice is, not surprisingly, to pursue the case. They want to throw all sorts of things at the wall…

Thanks. They have offered to work on contingency. Now it just requires someone to step up to be lead plaintiff in the case. Most people want to stay anonymous and only want to part…

I’m a former employee of a company which recently went public through a SPAC. I had no lockup but communication from the company and setup were extremely poor so I was not able to …