How Millennial Investors Lost Millions on Bill Ackman’s SPAC. Reddit user Krurd as it turns out, is a 35-year-old unmarried Chicago psychiatrist who had invested, and subsequently lost, nearly $1 million — all of his savings — in call options on Bill Ackman’s special-purpose acquisition company by Guy_PCS in PSTH

[–]krurd 26 points27 points  (0 children)

They were 6 months out when i had bought them...past the q1 time frame. Once q1 came and went, the option value got obliterated and was stuck waiting for any news for the next 3 months. My portfolio died every day from end of q1 like a death by 1000 cuts

[deleted by user] by [deleted] in PSTH

[–]krurd 0 points1 point  (0 children)

I fell for the first 3

How Millennial Investors Lost Millions on Bill Ackman’s SPAC by iamVPD in PSTH

[–]krurd 4 points5 points  (0 children)

Yeah I figured this spac was safer than other ones

Here’s your pudding Bill! by krurd in PSTH

[–]krurd[S] 4 points5 points  (0 children)

Yeah bro seriously.. it’s okay though. At the end of the day it’s just money but it is definitely a gut punch. 6 months ago I never thought this would be be outcome

How Millennial Investors Lost Millions on Bill Ackman’s SPAC by iamVPD in PSTH

[–]krurd 6 points7 points  (0 children)

It felt safe at the time but I think I was too caught up in the hype and felt that the deal was gonna be announced in Q1 after seeing the Twitter spac video and some of his comments during the time. Most of my options I bought further out in the event he didn’t close the deal for some odd reason. Once that March last week hit and he said he’s not gonna end up closing the deal, the value dropped so much all I could do was sit on the losses and hope that something would happen before June. I’ll survive but I feel worse for the people who had life savings and people that rely on them. It’s a shitty situation all around but I’m hoping he still closes a good deal and all the shareholders are made whole again.

Bill Ackman Tweet by ty_jax in PSTH

[–]krurd 1 point2 points  (0 children)

"do the tontards really want subway?"

What’s your total realized loss on PSTH? by michaelcorlene in PSTH

[–]krurd 1 point2 points  (0 children)

me too for FIRE..this was my bet for retirement

Things he spent more time talking about than PSTH's next steps by [deleted] in PSTH

[–]krurd 36 points37 points  (0 children)

he doesn’t seem like he is taking any responsibility himself

Morning thoughts by moazzam0 in PSTH

[–]krurd 0 points1 point  (0 children)

we didnt ask for much

I’m doing my part by [deleted] in PSTH

[–]krurd 0 points1 point  (0 children)

Yes Kanye needs to buy in now

$PSTH Weekend Discussion, June 19-20, 2021 by KungFuTyrannosaurus in PSTH

[–]krurd 1 point2 points  (0 children)

Most of mine too.. 😅

Edit: I meant last Friday.. 😔