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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: sense who wrote (2653)	4/5/2020 10:31:07 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

Thanks for posting that. I listened to the entire video. Excellent. Can you imagine having bought Bitcoin at $80? Prior to the crash, Virgin Galactic (SPCE) ran up from $10 a share to the low 40s over a two month period. It is now back at $12.

To: sense who wrote (2653)	4/5/2020 1:52:38 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

FYI: Mr. Palihapitiya was one of the founders and the CEO of Social Capital Hedosophia Holdings Corp., the SPAC that acquired Virgin Galactic. He was part of a group that purchased 14,375,000 shares at the company’s inception for $.002 per share ($25,000 in total). The number of shares was subsequently increased to 17,250,000 so that the founding group would retain a 20% interest in he company after the completion of the IPO. Concurrent with the IPO the founding group also purchased warrants for $12 million giving them the right to purchase an additional 8 million shares at $11.50 per share. The insiders of the SPACs that actually get deals done generally do very well.