Exactly!!! I was very clear to me, so I don‘t know where the theories regarding a rolling allocation come from @BillAckman
$PSTHhttps://twitter.com/TradingGremlin/status/1403054282232844295 …
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Replying to @PhoenixtownM @BillAckman
Original PSTH holders then become SPARC holders.... So it's not clear, Let him unpack it. Doubtful you will get lifetime rights, whats the incentive for future SPARC holders then???
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Replying to @purple_mattress @BillAckman
I am only referring to the tweet Bill retweeted and commented with „Done“.
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My understanding was that each time you exercise your SPARC rights to hold PSTH-X, you'll get SPARC to PSTH-X+1 IE PSTH1 -> SPARC for PSTH2 if you *exercise* those into PSTH2, PSTH2 -> SPARC for PSTH3 and so on. I think you need to exercise at each chain leg to keep going.
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He is talking about the „ORIGINAL“ PSTH investors.
@BillAckmanpic.twitter.com/WllZYp6rpF
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Replying to @PhoenixtownM @tc_nj7 and
I think both of you are technically correct. The only way to get access to the SPARC is to be an original investor in
$PSTH. However when the time comes and you don't like the SPARC deal are you going to let it expire worthless or sell it on the market1 reply 0 retweets 3 likes -
Replying to @anton_malsam @PhoenixtownM and
The new buyer of the SPARC will then have access to the next deal. This is a way that the SPARC will have a continuing value. BTW in the PR it is mentioned the SPARC will trade on the NYSE.
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Replying to @anton_malsam @tc_nj7 and
Fully agree, rights must be tradeable. But also, based in the tweets, original
$PSTH shareholders must be granted access to all future SPARCs, regardless whether they exercise them or not.2 replies 0 retweets 4 likes
Let the filings come out! hahah, nobody knows how it will be done.
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Replying to @purple_mattress @PhoenixtownM and
Exactly. That is what I'm waiting for. Understand the basic concept but awaiting details.
0 replies 0 retweets 2 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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