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SPACs Are Bonds, Actually | Louis Camhi
Forward Guidance
The Future of Chinese Biotech Deals
I think the future perhaps, like for example, if the CEO is declared by China as a financial criminal and he's not allowed to, for Chinese banks to lend to him. If so, a sponsor doesn't deal with him, maybe that raises some questions. I just don't see investors getting comfortable with that today, but that could change in three months. For me, broadly speaking, it's I start off with the yield, right? If I buy your stock, what's the yield? Because if I can make enough money on the yield, I don't need the upside optionality.
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