Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Glenn Petersen who wrote (3283)	2/11/2021 4:20:10 PM
From: Lou Weed	Read Replies (2) \| Respond to of 3862

So SBE didn't have a quorum of approval votes (50%+ of the outstanding share) and they postponed the merger for 2 weeks (2/25). Of the shares voted there was 99.98% approval - no idea why 0.02% would have voted NO! I took 80% of my position off the table at $37 for a small profit. I just don't understand why it has to go down this way. You only get to vote if you owned shares on or prior to 12/16/2020. Here's where I'm scratching my head - you can vote even if you've sold your position out as long as you held it before 12/16 yet, if you bought your shares AFTER 12/16 and are still holding them, you don't get a vote?!?!? No wonder there wasn't 50%+ voted to get the quorum. This one is heavily played by day traders/hoodies so a lot of the holders prior to 12/16 have moved on and couldn't be bothered voting...... Is this really commonplace with these SPACs?? TIA.....