Msg. 11084 of 18626 (This msg. is a reply to
11081 by
Zimbler0)
Jump:
This also sounds like shell companies they stay up to date on filings. Companies going public it is waaaaaaaaaaaaaay cheaper to just buy a shell company, they have done and maintain all the paperwork. And naked shorts, YEAH I know about that also.......
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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In the simplest terms, a blank check company is a public entity that doesn't have a purpose or business plan. When it's being used as an instrument for taking a private company public, the blank check company goes public and raises capital. Then it acquires the private business that is meant to become public.Jul 24, 2020
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A blank-check company backed by Fortress Investment Group filed for a $200 million initial public offering.
Andrew A. McKnight is the chief executive of Fortress Value Acquisition Corp. III, which will apply for listing on the New York Stock Exchange.
Fortress, part of Softbank Group Corp., launched blank-check companies that completed deals Vivint Smart Home Inc. and MP Materials. Another one held a $300 million IPO in August.
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Zim :
Something about this smells fishy to me.
And if you want to look up something really
fishy . . . try looking up 'naked shorts'.
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