$BTTX - The Next DeSPAC Redemption Play

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So you missed EFTR/IRNT/JSPR/OPAD/BKKT?

Doesn’t matter - with the amount of SPACs releasing in 2020 there are plenty more deSPAC plays left. Enter $BTTX from the merger team that bought $PLBY which pumped to $60.

https://twitter.com/mcspacface/status/1454124977058459651?s=20

The float post redemptions has been calculated (above) and roughly 1million shares remain (500k outstanding shares, 595k shares post rights conversion). These micro-float stocks when they catch momentum can pump to $40+
It already caught a bit of traction AH on Friday and is up 26%. Expect this to run next week. Entry under $12 pre-market in Monday will be a good entry opportunity.

PT $20+
If things get out of hand (i.e similar to BKKT) and a catalyst or two is released then $40+ could be on the cards

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No options or warrants on this one?

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Thank you. This is my monday morning gamble. Limit bought some shares (11.99 $ lol). Missed pm opening spike, first checked when prize was down @15ish already. I’ll watch pm a bit

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well this aged nicely

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Sold between peak, lol. but still very nice % gain and 150$ realized gain

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Appreciate this callout and look forward to more!

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Wish there was some option’s available :frowning:

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Nice find, if it’s not crazy PM I’ll throw some dollars in.

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Saw this post yesterday and completely forgot to buy this AM. FML :joy:

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@MrRonit, thanks for the call out. Nice gain today :slight_smile:

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Thoughts about reopening a position?

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8-K filed today confirmed a redemption rate of 84% lower than the rumored 96% that was being thrown around. Float is at 1.5M

I think if this gets traction theres a possibility of a run tomorrow, but im not expecting to see the $29 high of monday.

I’ve opened a smaller position of 1000 shares @ 12.72 in After Hours today.

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Do you think they’ll open options? Then this could in theory have a gamma squeeze if the set up is correct with options?

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