I dont thin TIE is a stock built to trsde hard and be promotional. Like alot of investment issuers, it will trade at discount to cash, but the company mandate is to build Net Asset Value and when deemed right, they will pay a return of capital like they did in 2019. The current NAV is $.92 a share. With some of their 2022 invest inclduing below, they can grow that nicely and hopefully declare a return of capital by Q3. They are currentl buying back stock at 1/2 of NAV from investors wanting to move on to more risky and promotional plays. Overall, this is a asset play and not a stock play
TIE has an investment in this exciting motorcyle anti collision software deal that is aiming to be commercial this year and list on the Nasdaq...could be ahuge win for TIE. Investment in this is only available to institutions until the Nasdaq IPO
https://www.ride.vision/product/
They also have an investment in a SPAC
GORES GUGGENHEIM INC GGPI https://markets.businessinsider.com/news/stocks/what-s-going-on-with-the-polestar-and-gores-guggenheim-spac-here-s-the-details-1030976974
https://www.polestar.com/en-ca/
A leading electric vehicle company shared an update Monday morning. Here are the details investors should know.
What Happened: A SPAC merger between Gores Guggenheim Inc (NASDAQ:GGPI) and electric vehicle company Polestar could be getting closer with the company announcing its F-4 statement filed. The companies expect the merger to close in the first half of 2022.
The companies provided an update on how Polestar is faring in the electric vehicle market.