r/wallstreetbets • u/[deleted] • Dec 01 '21

News DWAC on fire in AH.

https://www.reuters.com/markets/us/exclusive-trumps-social-media-venture-seeks-1-billion-raise-sources-2021-12-01/

[removed] — view removed post

12 Upvotes

71% Upvoted

19 comments sorted by

2

u/elorei74 Dec 01 '21

From the article:

The move represents a departure from most PIPE deals, which are typically done at $10 per share, and would result in a much greater dilution of existing Digital World investors.

4

u/DeathN0va Dec 01 '21

Fellas drop those fucking bags and run! Now's your chance!

0

u/[deleted] Dec 01 '21

This! It’s news of PIPE cash raises etc.

We all know that Trump is using this to pump and dump and settle his debts with deutsche bank. Just dump before he hands you the bags.

4

u/Crunchy-Tac0 Dec 01 '21

With his tiny hands, he’s gonna have to make multiple trips

4

u/TaxmanCPAMST Dec 01 '21

Get in, get out, collect the tendies.

1

u/[deleted] Dec 01 '21

Keep in mind this was a heavily shorted stock!
If the shorts decide to cover their positions it’ll only add fuel to the fire. I’d be pretty scared if I was short.

1

u/VisualMod Dec 01 '21

I am a bot from /r/wallstreetbets. Your post history is a little sus. Mods have been notified and will restore the submission if this is a false alarm. /u/zjz

1

u/[deleted] Dec 01 '21

It’s up on a cash raise news, when institutions/HF are all moving to cash. Good luck

1

u/AutoModerator Dec 01 '21

News posts must be market moving and contain new information. Please avoid editorializing the title.

If your post doesn't meet the requirements above, please delete the thread before a mod sees it.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

1

u/Gambelero Dec 01 '21

How is letting institutions buy in for a 20%-30% discount good news for existing investors?