Spacks Are a Bad Idea That Got to Big

Spacks are a special purpose acquisition company formed for the sole purpose of an ipo. The promoters get 20 per centinvesting is a tough gate to win in the first place, but if you give up 20 % of your capital, becomes an impossible game to win over long term. We live in a world we want to outsource our decisions and guess we want to outsorce them too, celebrities. So spacks were always a bad idea that got to big.