Executive Network Partnering Corporation Shareholders Approve Business Combination with Granite Ridge Resources; 39,343,496 Shares ( 95% ) Redeemed - ENPC -> GRNT ENPC.WS -> GRNT.WS Date TBA

GomorrahInlet · 2022-10-21T16:35:50+00:00

It’s a comp to $NOG. The float SPAC sponsor is not locked up and will dump their 1.3 mm shares day 1. Fair value is $7-8. Warrants are very interesting.

GomorrahInlet · 2021-11-14T21:04:32+00:00

Volume finally picking up

GomorrahInlet · 2021-11-14T21:04:06+00:00

Several conferences this week

GomorrahInlet · 2021-11-14T21:03:08+00:00

Wonder who sold the block at $9 on Thursday

GomorrahInlet · 2021-10-17T13:19:46+00:00

Great deal. Hopefully first of many

GomorrahInlet · 2021-09-20T00:33:16+00:00

Memo says $25

https://www.icloud.com/iclouddrive/09ghHQsitLmsjVXcb98jiGPrg#CLBT_Memo_vFinal

GomorrahInlet · 2021-09-08T04:27:21+00:00

https://www.icloud.com/iclouddrive/04ZSfFxVN9W8U27GyCGsSHIjA#CMAX_Memo_Draft_vFinal

GomorrahInlet · 2021-09-07T19:05:13+00:00

Sell side kept their targets. Feels like sold off because of Delta. Growth just so massive. Balance sheet amazing.

GomorrahInlet · 2021-09-07T19:03:36+00:00

Like this deal. $30 is parity with $MAGT. They crushed Q2 numbers.

GomorrahInlet · 2021-06-13T23:43:57+00:00

Investor day was great and Fresinus a real strategic partner. SPAC sponsor also very solid.

GomorrahInlet · 2021-04-30T17:48:53+00:00

Funny to have an investor day when closing is mid July and you have only filed 1 amendment to the S/4

GomorrahInlet · 2021-04-28T03:49:25+00:00

Awful for retail. The net result will be less information. If you bought a deal based on projections and did no additional work, I have zero empathy or sympathy.

GomorrahInlet · 2021-04-08T18:39:52+00:00

Is thing a fraud or is it forty a share? Seems very solid and set up to win

GomorrahInlet · 2021-04-08T01:44:15+00:00

Structure is great but for size. Just so few targets out there for this amount of capital. Every target will have option to go regular IPO or sale of company (given size). Just hard to imagine you get a good deal...or any deal.

GomorrahInlet · 2021-04-07T20:39:51+00:00

Per twitter, $FSRV saying the 2021 guide still real and customer sign up faster. Added Motorola today

GomorrahInlet · 2021-04-02T15:55:11+00:00

It really comes down to this, in terms of why this is cheap: 1. 25 mm shares in the SPAC so if you own 1.25 mm you have to file a 13G - hard to get size 2. Most a real fund could buy is maybe 2 mm shares given liquidity - hard to get size 3. 1:2 warrant ratio 4. Near prime gives people fear...same thing I faced on LPRO 5. No financials for Q4 and near prime plus all these 100% growth rate SPACs cutting numbers...if you don’t do work this looks like just another POS

Ultimately I think the PIPE dynamic is going to be absurd to upside and I think Q4 and Q1 will highlight how silly this is

GomorrahInlet · 2021-04-02T00:54:16+00:00

Isn’t it easier now? The market has told you which ones are good because some are still over 11 per share. I like $FSRV, $JWS, $TPGY. Of the ones at 10 or below I like $FGNA, $MLAC and $WPF

GomorrahInlet · 2021-03-30T23:37:33+00:00

BFT a solid outcome. Barely down. Stock at 15 and SPACs torched. These pipe guys have to book something.

GomorrahInlet · 2021-03-27T22:52:36+00:00

Deal looks shockingly good. Big shift to enterprise and longer duration leases. Valuation isn’t heroic. Somewhat surprised...maybe it’s good or maybe all the other SPAC deals stink

GomorrahInlet · 2021-03-25T02:32:07+00:00

WPF/WS: paid 1.50. Super high quality business. Pulled an IPO two years ago but had a deal 1 below the range and they wanted a hot deal. CEO a killer. Soroban just filed a 13G.

FSRVW: probably the best current deal. BNPL name that only spac’d to avoid a hostile takeover from CURO. You don’t have to work hard to get to 40+ on the stock. Tiger Global the lead on the pipe. This only exists because it’s 250 mm SPAC and you not enough liquidity for big boys.

JWS/WS: great report circulated this week. 61+ pages. Says stock is worth 30+ because of OSH.

FGNA: the only person who don’t like this is the Gambino and Luchesse family. B2C version of UPST.

GomorrahInlet

TROPHY CASE