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i think DWAC should be worth around 10-15% of TWTR which makes it a 5-7x bagger. here's why:
DWAC is trumps legacy. his real estate empire is in shambles. he and jared will pour everything into building this digital empire. he can make A LOT more off DWAC than he ever did off real estate within a few months. this has his juices flowing.
he got 72M votes. basically, despite all the negatives you hear about him in the MSM and covid tanking the economy and his shit performance in the first debate, HALF the population still voted for him! there is a huge movement growing and trump is the fuel.
thus, there will be at least 100M users globally subscribed to DWAC minimum. 100M users overnight. TWTR has 200M users. DWAC will be half the size of TWTR overnight.
DWAC represents the counter-culture to the PC/cancel culture. it is to cancel-culture what digital currency is to fiat currency. long DWAC is like being long digital currency in 2017.
we are still far from peak dissension. we have yet to see a war. just minor protests and skirmishes. huge cracks have formed in society on a global basis that will not just be healed. historically these things have built into a crescendo. we are far from the end of this. DWAC will ride the wave of this dissension. it will be its barometer. DWAC is a bet on further tumult and turmoil and a hedge against things falling apart (just like digital currency). 9/11 was the match that lit the flame that has become a house fire and seems likely to burn down the entire city/planet. DWAC is the latest installment of this unfortunate unfolding reality.
there are rumors that Trump will be forming a TV network to rival Fox and that folks like Hannity and Ingraham will be joining on. this will be YUGE. if this happens, DWAC will have both a social media presence as well as a network presence. something that TWTR does not.
the 2022 and 2024 election are coming up. trump is going to run again. for sure. this will only increase the hype and there will be massive subscription growth for the next 3 years.
as the stock price increases they will be able to finance a massive expansion. they can quickly build the infrastructure to rival TWTR and build the news network, etc. access to cheap financing will not be a problem.
so yeah, the 50:1 ratio between TWTR:DWAC will close. either long DWAC or long DWAC/short TWTR.
also the DWACW warrants with a strike of $11.50 seem to be trading below intrinsic for some odd reason. i don't have the offering document so can't confirm the details but it seems very cheap on a vol basis.
P.S. who am i? i am the guy who said go long AMD at $10, long TSLA at $200 (pre-split), short the market Feb 8, 2020 and long the market March 24, 2020. thats who. check my post history to confirm. i also bot gold at $420 around 2002 and sold at $1600 around 2011.
P.P.S. they need to change the ticker to TRMP.
P.P.P.S. they seems to have some real people running the show and its not just a trump potential clown show. the CEO is a big brain, went to MIT. https://www.linkedin.com/in/patrick-big-miami
their head of their entertainment division was a producer of 30 shows like Deal or No Deal and AGT. https://www.imdb.com/name/nm0820683/