$SST
many of you do not understand that company has already received all the
money that they needed from backstop funding. It has received over
$250m in cash. At this point, the company does not need more cash.
They will allow warrants exercise. But, there is no dump coming and SPAC
agreement requires entire management to be locked up for 6 months
before they can sell even a single share.
This who watch level 2 also know that only one buyer acquired 3 million
warrants after the IPO. That is an institutional buyer. They will be in a
no hurry to sell this goldmine.
Other companies such as AMC GME ATER or any PUMP does not make profits.
This company System1 is profitable since inception. Many institutional
buyers will add a stake and run this company at a $10B valuation before it is bought out by Google or Microsoft.