RE:RE:RE:Ascending Triangle for GRAMF? Yes they have cash and a strategy and jay z...I get it, there's promise and there's also heaps of hype and momo chasers...now that the first batch of momo chasers all looking upwards with their rocket emojis post despac got a rude awakening and eventually sold their shares in disgust..but there's a new batch of gung ho traders with margin at the ready...
if the institutional post despac block selling is done and the Reddit crowd goes nutso hyping this thing this week then you may get your run up into thin air. For real investors I'd suggest having a gander at the appendices of the prospectus to have a good look at the operational disaster of these cobbled together organizations. The combined cash burn listed in the Q3 financials of these entities is a doozy as is the monumental task of bringing them all together to become the efficient machine their sales pitch of a presentation suggests it will become I'd suspect they will easily burn somewhere around $100M of that $400M cash horde in 2021 alone.
On another note, I've listened to quite a few of Michael Auerbachs interviews now discussing both tpco and subversive reit, his latest spac. His business approach comes off as strategically haphazard, cobbling together companies to match up to the size of the spac(tpco), pivoting from a REIT spac plan after it falls through and picking up an Israeli company and using very questionable valuation metrics (backward run rates being the biggest red flag) to justify an overvalued come to market strategy. All imo