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  1. #1
    Join Date
    Dec 2010
    Location
    Saugerties, NY
    Posts
    50

    Default TKKS - Any thoughts?

    I haven't been active here in years. I've made a little profit with small size off of a few of the dips in TKKS. I've never seen a chart like this, and it's at it convergence point now. Anyone have comments or thoughts on this one? I don't know what to make of it.

  2. #2
    Join Date
    Oct 2003
    Location
    Hamilton MA
    Posts
    2,020

    Default

    They have made a tender offer for 25 million shares (I think it was) at $10.28. I'm not sure when, all I see are postings announcing that the tender has been extended. Not sure why things would change in the near-term.

  3. #3
    Join Date
    Jun 2009
    Location
    Earth (Mostly)
    Posts
    418

    Default

    If by TKKS, you mean NASDAQ:TKKS or TKK Symphony Acquistion Corp, it is something called a ďblank checkĒ company, i.e. itís basically a shell corporation. Companies like this are usually intended to be used as a vehicle for performing something like reorganizations, mergers, acquisitions, or recapitalizations. Typically, a blank check company doesnít even have a business plan when it is formed, itís simply a placeholder organization that figures into some grander scheme. They donít currently appear to have any operations or revenue stream. They did raise $250M in their 2018 IPO, but for what purpose I cannot tell. Obviously somebody knows. If you care to, take a deep dive into their SEC filings. Unless you have some specific insight into their current or pending operations, however, I would steer clear because you really have no idea what you are investing in otherwise. There are too many good investing ideas out there right now to take a chance on something like this. Just my two cents.

  4. #4
    Join Date
    Sep 2003
    Posts
    4,775

    Default

    Thanks for doing the research, BW!

  5. #5
    Join Date
    Jun 2009
    Location
    Earth (Mostly)
    Posts
    418

    Default

    Quote Originally Posted by jiesen View Post
    Thanks for doing the research, BW!
    Always welcome, jiesen.

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