PACs and SPACs!
After Hours
00:00
Is the Retail Investor Left Holding the Bag?
The problem is, a, disclosure. And b, the investors who seed. It's not just felix, the sponsor who's doing this. If i'm the original investor in the spack, i actually get to vote no when you go and want to buy another company,. So there's a transfer of wealth going on here, not just to felix as a sponsor. But there's a little bit of a story here where the investors who are left holding the bag at the end of the day.
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