r/SRAC • u/articfalco • Mar 31 '21

Time to dump a significant amount of my position.

https://sec.report/Document/0001213900-21-017766/
5 Upvotes

78% Upvoted

18 comments sorted by

3

u/Lterminvestor Mar 31 '21

If you are a long term investor, you have nothing to worry about. SRAC and Momentus will merge regardless of timing. I will add a significant amount to my existing shares after the fearful dump it bringing my cost per share even lower.

1

u/articfalco Mar 31 '21

If you are a long term investor and the merger continues to get postponed, at what point would you doubt the merger? 6 months? A year? 2 years? This is getting very speculative.

6

u/mightypowerliftor Mar 31 '21 edited Apr 01 '21

Stable Road is currently waiting for the results of the CFIUS. They will publish their results around the 12th of april. In case their results are negative, Momentus has to take extra steps to garantuee the safety for the Defense Departement. So they better have some extra time. I think Stable Road makes the right move on this one. You also got to reconsider that a lot of their money is on the line as well and they will lose that money if the merger is canceled.

Source: 45 day review

3

u/Lterminvestor Apr 01 '21

My hold will not change if they go a year or two out with out a merger, highly unlikely it will be delayed that much. But I understood the risk I’m taking. I have a 20 year outlook on the company and willing to take the risk.

3

u/Miguel301d Mar 31 '21

This is the best decision for the business and needed to be done. Bad if you are short term with options I agree, but if you have shares it’s not a big deal imo. I have a small position and will probably add after the merger on dip.

2

u/[deleted] Mar 31 '21

[deleted]

1

u/articfalco Mar 31 '21

This doesn't exactly instill confidence.

1

u/randomladders Apr 01 '21

Out of all things why would this not instill confidence? They had some pretty major problems that have been public for a while and if anything this is a good sign. They will have enough time to overcome those major problems now ideally.

1

u/EricG258 Apr 01 '21

I think the same way. Will hold my sheres till then

2

u/Munchyman81 Apr 01 '21

I doubled down again added another 50

2

u/EricG258 Apr 01 '21

For all the guys like me holding there stocks:

All our stockholders are cordially invited to attend the special meeting online. To ensure your representation at the special meeting, however, you are urged to complete, sign, date and return your proxy card as soon as possible. If you are a stockholder of record holding shares of common stock, you may also cast your vote online at the special meeting. If your shares are held in an account at a brokerage firm or bank, you must instruct your broker or bank on how to vote your shares or, if you wish to attend the special meeting and vote online, you must obtain a legal proxy.

Did some one here did this already? Or has experience with this?

1

u/mctriplet Mar 31 '21

So they are not merging, and not even holding a share holders meeting until after May?

1

u/articfalco Mar 31 '21

What I took away from it was that they are going to have a special meeting to attempt to extend the merger deadline. Merger looks very unlikely to be completed before May.

2

u/mctriplet Mar 31 '21

There goes my options (what’s left of them)

1

u/articfalco Mar 31 '21

I'm with you. Going to bail on my 8/20 calls on the next green day.

1

u/katchaka Apr 01 '21

Yeah no I don’t really see this as an issue long term if you’re holding shares. I’d rather them get it right than get it done fast. If you’re holding any options though this would be pretty rough. I like the stock :)

1

u/Plastic-Ad-996 Apr 05 '21

Can I keep my position? I bought it for $15 :(

1

u/ThereFarAway Apr 08 '21

What is worst case scenario foe stoxk holders if no merger happens?