tortoiseacquisition
REPORT: Trump Administration Awarded Shell Companies Millions in PPP Funds Meant for Struggling Mom-and-PopsQ2 2020 hedge fund letters, conferences and moreShell Companies Millions in PPP FundsWASHINGTON, D.C. – A new analysis from government watchdog Accountable.US found that that at least $3.4 million in SBA Paycheck Protection Program (PPP) funds went to corporations that are shell companies, or that were about to be acquired by one. While PPP was billed as a lifeline for struggling mom-and-pop businesses, the Trump administration allowed shell companies or SPACs to receive forgivable taxpa...
ValueWalk
I’ve been spending more and more of my time on Event-Driven (ED) trading strategies because I see the most opportunity there.Q2 2020 hedge fund letters, conferences and moreValue investing just doesn’t seem to be working…Hedging Tortoise AcquisitionI’ve already spoken about how SPACs often diverge from their own warrants—mainly because the Robinhood platform doesn’t allow its clients to play along in the warrants. Back in June, I played this fact very profitably in Nikola Corporation (NASDAQ:NKLA) where the spread blew out so widely that it didn’t even make sense to bother hedging. Holisticall...
ValueWalk
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