Is Going Public a Scam?

The spec stuff is almost certainly in many cases kind of a scam because the person who organizes it only makes money if they actually follow through. So for some companies, like essentially they have lost the ability to raise money. And then that whole SPAC thing came along at exactly the right time. It's also, I mean, not to talk too much hot shit about your most recent employer, but I was thinking about this the other day and they bought Apollo Fusion on mostly stock. Right? The stock's at like 62 cents now.