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I haven't been active here in years. I've made a little profit with small size off of a few of the dips in TKKS. I've never seen a chart like this, and it's at it convergence point now. Anyone have comments or thoughts on this one? I don't know what to make of it.
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They have made a tender offer for 25 million shares (I think it was) at $10.28. I'm not sure when, all I see are postings announcing that the tender has been extended. Not sure why things would change in the near-term. -
If by TKKS, you mean NASDAQ:TKKS or TKK Symphony Acquistion Corp, it is something called a “blank check” company, i.e. it’s basically a shell corporation. Companies like this are usually intended to be used as a vehicle for performing something like reorganizations, mergers, acquisitions, or recapitalizations. Typically, a blank check company doesn’t even have a business plan when it is formed, it’s simply a placeholder organization that figures into some grander scheme. They don’t currently appear to have any operations or revenue stream. They did raise $250M in their 2018 IPO, but for what purpose I cannot tell. Obviously somebody knows. If you care to, take a deep dive into their SEC filings. Unless you have some specific insight into their current or pending operations, however, I would steer clear because you really have no idea what you are investing in otherwise. There are too many good investing ideas out there right now to take a chance on something like this. Just my two cents.Comment
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Thanks for doing the research, BW!Comment
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Sorry for the late reply. Thanks for all the input! I never considered TKKS as a sizeable investment, I've just never seen a chart like this before.Comment
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Thanks for this research. Cheers!Comment
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