In this video I discuss the recent Bloomberg update and how this may have just confirmed the CCIV & Lucid Motors Merger. I also talk about the No.1 Penny Stocks I Bought for February/March (FTOC and IPOF).
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Bloomberg Recently updated the CCIV page to show that the deal is no longer in the 'pending negotiations' stage, but the deal is now 'on the block', as in, the deal is on the table, take it or leave it.
This caused the CCIV stock to gain over 27% in a single day and was met by a number of large purchases on Friday. We've also recently seen a number of institutions take up huge positions such as Magnetar Financial, Periscope, JP Morgan, Goldman Sachs, HSBC and more.
I personally think the formal merger confirmation/acceptance of the deal is just around the corner, there have been some rumours on twitter that the deal will be announced on the 18th, these rumours have apparently been started by a reddit troll but also apparently started by an ex hudge fund manager.
I also give an update on the BNGO Stock and the SENS Stock and how they are performing against my targets
If you're part of the team on Patreon, you'll also know that i've recently invested in FTOC/FTAC Olympus, the SPAC taking Payoneer public and IPOF/Social Capital VI, the company rumoured to be taking Rivian Motors Public.
Rivian Motors has received a large amount of investment, has 7 facilities, and has a 100,000 vehicle order from amazon.
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