If @BillAckman manages to get sparc approved the $psthw could be very lucrative - the existing warrants basically convert to sparc warrants with a 23.00 strike and a 5 year term. Disclosure: I own about 35000 $psth shares and 70 leaps. Not advice, just observation.
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Interesting, you think it’s a shot in the dark for the approval? And how long will we have to wait to find out? Sorry it’s been a while since I’ve followed this mess haha
, I'm out
I think Bills letter today made it pretty clear. He’s not giving up and he owns warrants that he paid like 65m for. It’s a leveraged gamble. For the first time, the warrants are very interesting to me.
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Might be worth 10-20k down here to toss on. How lengthy of a process is this?
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69 days
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