Q: I own shares in this company. Yesterday, Concord Acquisition and USDC Issuer Circle called off the SPAC merger. I would have thought Concord shares would have stopped trading but it appears not. I am assuming that my best option is to sell at this time as I don't see many other options. Would holding be of any value? Your thoughts? I truely believe in Circle's future. Thank You.
Q: I've been a shareholder for awhile. On Feb 17, 2022 Circle / Concord announced they were doubling in value (from $4.5B to $9.0B). The company was most definitely pleased to share this which would normally be positive; however, I have a few concerns / questions.
a) I feel that the value of my investment has dropped in half. Is this correct? (I like to be wrong!)
b) Does this mean that everybodies investments has dropped in half. i.e. At one point in the last 6 months I heard that Cathy Wood's funds bought millions of shares. I assume she would also be impacted. I own a few shares of one of her funds AND ask this question because, some bigger fish may not be too happy if they got impacted as well - which could have other repurcussions for CRCL.)
c) Who is the winner here? I am guessing that a number of people possibly had their share count doubled? If not, does everybody lose? (I think the company gets more money.... but I feel that us little retail investors may not be as lucky.)
Thanks as always.
a) I feel that the value of my investment has dropped in half. Is this correct? (I like to be wrong!)
b) Does this mean that everybodies investments has dropped in half. i.e. At one point in the last 6 months I heard that Cathy Wood's funds bought millions of shares. I assume she would also be impacted. I own a few shares of one of her funds AND ask this question because, some bigger fish may not be too happy if they got impacted as well - which could have other repurcussions for CRCL.)
c) Who is the winner here? I am guessing that a number of people possibly had their share count doubled? If not, does everybody lose? (I think the company gets more money.... but I feel that us little retail investors may not be as lucky.)
Thanks as always.
Q: On Sept 21st I asked a question about Circle. In your response you mentioned.
- Buying the SPAC shares is the same as buying Circle, but note the acquisition has not closed yet.
- Like all SPAC deals we tend to be extra cautious.
Re the above points,
Can you elaborate on the potential concerns specifically with investing in Concord at the moment in lieu of investing in the new company after going public. (For e.g. Can we lose all our money, some of our money.. if the deal does not go thru…? Any other concerns?)
If you have any additional comments re Circle since Sep 21st, a few words would be appreciated. My understanding is that they now have $33B in circulation but do not know much more (and there may not be much more).
Thanks again. Your turn around time is amazing and the quality/detail of your responses is impressive. Keep up the great work. Have a nice day!
- Buying the SPAC shares is the same as buying Circle, but note the acquisition has not closed yet.
- Like all SPAC deals we tend to be extra cautious.
Re the above points,
Can you elaborate on the potential concerns specifically with investing in Concord at the moment in lieu of investing in the new company after going public. (For e.g. Can we lose all our money, some of our money.. if the deal does not go thru…? Any other concerns?)
If you have any additional comments re Circle since Sep 21st, a few words would be appreciated. My understanding is that they now have $33B in circulation but do not know much more (and there may not be much more).
Thanks again. Your turn around time is amazing and the quality/detail of your responses is impressive. Keep up the great work. Have a nice day!