Vote PASSED congratulations to all the longs! We did it.
A
Time for a correction to 20+
M
well, survived that! 20% redemptions, in this SPAC climate and for this particular deal, is downright amazing. when you combine the trust + PIPE, looks like they will be taking $247M to the table. fees, expenses, and buyout of co-founders will burn about $90-95M of that, leaving MNTS with +/-$155M. now, let's hope we can put all the drama in the rearview mirror and focus on executing on the business plan!
T
start trading on the Nasdaq Global Select Market on August 13, 2021 under the ticker symbols “MNTS”
“Momentus is well positioned to meet the needs of the emerging new space economy. The combination of progressively more affordable access to space and increasingly capable small satellites creates a need for our in-space transportation and infrastructure services”
Our market cap is $220 million per Yahoo. If Momentus is successful, you're looking at a market cap of $20 billion plus. Now that the company doesn't have to focus on stock market issues, we could really take off.
when studying capitalism, you learn that it is dependent on constant growth. Our single planetary status will surly bottleneck economic growth at some point - possibly in our lifetimes. Investing in space stocks will possibly make our current global market value look like nothing in the future. the possibilities for growth in space may be endless.
I
What is going on tody??
J
I voted FOR.
I
If you are here you may be puzzled about what's going on. 1. The merger vote is next Tuesday. The current price action reflects uncertainty about the outcome. When people sell in the open market (as is the case now) the price can continue to go down 3. Selling your shares is not the same as redeeming them. Selling like you do with every other stock only guarantees the market price you see above. If you want to redeem now at $10.03, you have to call your broker so they can request the redemption from SRAC (which has to reach them by the deadline, probably Monday) 4. If you have shares and you do nothing, the outcomes are: a. the merger is approved - the price of your shares is whatever the market wants to pay b. the merger does not pass - your shares will be liquidated at $10.03 5. NO, you can't buy now below $10 and liquidate before the vote at $10.03. When you buy stock, it takes 3 days for your transaction to settle (the shares you see in your account are loaned to you in anticipation of the settlement). So, your transaction would not get settled before the vote outcome
My advice: If you think the vote will pass: HOLD if you think the worst will be behind you and the stock will trend up. SELL if you think it will continue to decline now that there's no $10 floor
If you think the vote will fail. Do nothing and your shares will be liquidated at $10.03.
I'm down $110k so I will wait to see how the vote goes. If it fails I'll harvest my losses, if it passes I'll give it until the end of the year to decide wether to hold, or sell. Go luck to you all
J
For now, I'm HODLing.
T
Just received my voting package and scanned QR code and voted…. Heavens!!! It was the size and quality of a pretty decent phone book! What-what!? Anyway… VOTED FOR, 225 times! Good luck to all us mothers x-D 👍🏼👍🏼👍🏼👍🏼👍🏼
R
The liquidation value is $10.03. No reason for the stock to be below that. In addition the share vote this time only has to be 50% plus one share. Last time it had to 65%.
B
How do you not buy right now at 9.8? If merger fails you make 2% in 10 days. I'm loading up.
l
Hi guys, I just wondering is anybody know about this stock , why can’t we buy and sell? My balance is zero? Thanks
J
So what do you all believe will be pricing on Friday?
B
I'm parking some in $srac (momentus), $astr and $vacq (rocket lab) and forgetting about it. Small percent (like w/ crypto) and hang on. While it has been beat down some lately, I just think space will explode eventually so added some on dip. Whether I got the bottom or not who knows/cares as I feel the upside is massive and willing to take some risk and be patient.
Y
The stock market is a device for transferring money from the impatient to the patient - Warren Buffett
“Momentus is well positioned to meet the needs of the emerging new space economy. The combination of progressively more affordable access to space and increasingly capable small satellites creates a need for our in-space transportation and infrastructure services”
https://www.businesswire.com/news/home/20210812005870/en/Momentus-Closes-Business-Combination-with-Stable-Road-Acquisition-Corp.
Three new board members join Former Astronaut Chris Hadfield and Momentus CEO-Elect John Rood
“ https://www.businesswire.com/news/home/20210716005145/en/Momentus-Formalizes-Board-of-Directors”
July 16,2021
1. The merger vote is next Tuesday. The current price action reflects uncertainty about the outcome. When people sell in the open market (as is the case now) the price can continue to go down
3. Selling your shares is not the same as redeeming them. Selling like you do with every other stock only guarantees the market price you see above. If you want to redeem now at $10.03, you have to call your broker so they can request the redemption from SRAC (which has to reach them by the deadline, probably Monday)
4. If you have shares and you do nothing, the outcomes are:
a. the merger is approved - the price of your shares is whatever the market wants to pay
b. the merger does not pass - your shares will be liquidated at $10.03
5. NO, you can't buy now below $10 and liquidate before the vote at $10.03. When you buy stock, it takes 3 days for your transaction to settle (the shares you see in your account are loaned to you in anticipation of the settlement). So, your transaction would not get settled before the vote outcome
My advice:
If you think the vote will pass:
HOLD if you think the worst will be behind you and the stock will trend up.
SELL if you think it will continue to decline now that there's no $10 floor
If you think the vote will fail. Do nothing and your shares will be liquidated at $10.03.
I'm down $110k so I will wait to see how the vote goes. If it fails I'll harvest my losses, if it passes I'll give it until the end of the year to decide wether to hold, or sell. Go luck to you all
Anyway…
VOTED FOR, 225 times!
Good luck to all us mothers x-D
👍🏼👍🏼👍🏼👍🏼👍🏼
I’m soooooo bullish on this