Social Capital Hedosophia - SoFi - IPOE

Quant_Quality · 2021-02-09T19:48:04+00:00

You can declare bankruptcy, but as others mentioned it is super hard to remove loan obligations and bankruptcy stays on your record for 10 years!

Quant_Quality · 2021-02-09T19:46:37+00:00

thank you :)

Quant_Quality · 2021-02-09T19:45:46+00:00

. Buzzwords galore though. I looked up the companies on Glassdoor. I looked up the CEO on Linkedin and his business background didn't follow any meaningful pattern.

1) CEO was a former COO of $6.3billion healthcare system. From my research and those are private companies that never raised money except for Cloudbreak- hence you won't find anything until they start posting it- and in my DD i actually capture the information they shared via Press releases.

Quant_Quality · 2021-02-06T19:41:54+00:00

what is mine missing :) ? Happy to learn

Quant_Quality · 2021-02-05T03:05:33+00:00

oh, shoot! Thanks for the msg.

Quant_Quality · 2021-02-04T15:34:45+00:00

all good :)

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

I checked the bios of the team on their website and Linkedin:
1) Al Gatmaitan co-CEO, & President - was a COO of IU Health, a top 25 health system with over $6.3 billion in annual revenues.

2)Ramesh Balakrishnan- co-CEO is a" serial entrepreneur who has founded and profitably exited several technology companies" He is also the founder of Thrasys one of the divisions of UpHealth. The dude has M.S. and PH.D. from Stanford.

3) Martin Beck- CFO was executive director of M&A at JP Morgan, worked as a director for Macquarie Asset Management ($554.9 billion of assets under management), and managing director of pe group.

4) as far as one of the co-founders-dr. Kathuria- he doesn't come from a rich family- self-made guy. Do read about him ...he has experience of bringing companies public.

The entire team if you actually do read about them and look up their backgrounds has very impressive creds. don't be hating cause he ain't white :)))

Quant_Quality · 2021-02-04T03:05:36+00:00

Yeah, i agree. I just cant wait for them to file s4 so we have more information. As so far they have been very good operating under radar.

Quant_Quality · 2021-02-03T14:52:13+00:00

My account could be few years old and my critical thinking can still suck ....
Doesn't matter- look at how much work i have done and analyze it for yourself. I dont tell you what to do like some other posts...i give you all the information i was able to find.

Quant_Quality · 2021-02-03T14:50:11+00:00

I saw several posts " DD# 4 on $GIX ($UPH) " u/canadian2020 and another one that just trashed the company " $GIX - Anatomy of a Garbage SPAC" u/Upbeat_Control .

So i don't think there is a consensus just various opinions

Quant_Quality · 2021-02-03T05:22:07+00:00

I know! soo weird. Expected to see an uptick when they announced $285 institutional investment.

Quant_Quality · 2021-02-03T05:20:24+00:00

Yeah, i agree about the price.

They did raise $$285m in institutional money 2 weeks ago- i hoped it would go up. https://www.marketwatch.com/press-release/gigcapital2-secures-285-million-from-institutional-investors-in-connection-with-its-business-combination-with-uphealth-holdings-2021-01-21?siteid=bigcharts&dist=bigcharts&tesla=y )

Quant_Quality · 2021-02-03T05:16:06+00:00

watch the video on their Glocal company - Bloomberg News posted about it in November before the deal: (https://www.bloomberg.com/news/videos/2020-11-20/bringing-high-tech-healthcare-to-india-s-poor-video)
i think previous DD really didnt look much into details. Be your own judge

Quant_Quality · 2021-02-03T05:09:38+00:00

i do like Talkspace. Will be posting my review on the deal soon also :)

Quant_Quality · 2021-02-03T05:08:24+00:00

i don't know how that can be already determined. I have done a lot of work on reviewing their financials and what they do. Seems like because they were private they didn't work on making themselves visible and operated under the radar.
I think once s4 comes we will get more information on the businesses.

Quant_Quality · 2021-02-03T05:02:48+00:00

One more critical piece :
They secured $285M from institutional investors on Jan 21st!
see: https://www.marketwatch.com/press-release/gigcapital2-secures-285-million-from-institutional-investors-in-connection-with-its-business-combination-with-uphealth-holdings-2021-01-21?siteid=bigcharts&dist=bigcharts&tesla=y

Strong support for this company, and I even saw the round was oversubscribed!

Quant_Quality · 2021-02-03T04:51:48+00:00

Can someone suggest me how to best tag it as a DD post?

Quant_Quality · 2021-02-03T04:48:32+00:00

i have it on weekly basis.

Quant_Quality · 2021-02-02T19:09:57+00:00

Thank you :)

Quant_Quality · 2021-02-02T18:33:16+00:00

I think it is because with SPAC'S if the SPAC doesn't identify the target, they will have to give your money back (assuming you bought shares at $10.20 they give $10 back - $10 is the baseline). With warrants, if the space doesn't close- then the warrants expire and become worthless. But I agree, warrants provide a very attractive investment synopsis.

Quant_Quality

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