TOPPS Company goes public trading!!!
 

Our Sportscard investments are officially today traded on stock market!!!


Some figures from earlier this morning on ticker/stock symbols:
MUDS.........$10.60..........UP 0.77
MUDSW.......$1.67...........UP 0.92
MUDSU........$11.59.........UP 1.36

[URL="https://www.cnbc.com/2021/04/06/baseball-card-company-topps-to-go-public-through-spac-deal.html"]https://www.cnbc.com/2021/04/06/baseball-card-company-topps-to-go-public-through-spac-deal.html[/URL]


I have not been able to find Panini publicly traded...I am learning about stocks but thought this was great news!!!!

[QUOTE=OldArmyDawg19D;17192600]Our Sportscard investments are officially today traded on stock market!!!


Some figures from earlier this morning on ticker/stock symbols:
MUDS.........$10.60..........UP 0.77
MUDSW.......$1.67...........UP 0.92
MUDSU........$11.59.........UP 1.36

[URL="https://www.cnbc.com/2021/04/06/baseball-card-company-topps-to-go-public-through-spac-deal.html"]https://www.cnbc.com/2021/04/06/baseball-card-company-topps-to-go-public-through-spac-deal.html[/URL]


I have not been able to find Panini publicly traded...I am learning about stocks but thought this was great news!!!![/QUOTE]

What is the difference between the 3 stocks?

EDIT: Correction. I guess MUDS will become TOPP later in the year so if you buy MUDS now it's like buying TOPP later. But the actual deal won't be done till late 2nd or early 3rd quarter.

Thanks auctionjmm!!!



Like I stated I am learning about stocks and came across the info. My friend is at work so I could not get a firm answer to the letters after the stock but found some info in the link below regarding stock suffixes:
[URL="https://pocketsense.com/do-extensions-mean-ticker-symbols-6548515.html"]https://pocketsense.com/do-extensions-mean-ticker-symbols-6548515.html[/URL]

Looks like MUDS stock is up over 10% today as a result of this news.

I’ll be the contrarian and take the short approach soon.

Thanks Topps!

Great time to short the stock if you see any pumps - baseball strike/lockout is looming next season and they have the mlb exclusive. Will kill sales.

[QUOTE=hermanotarjeta;17193256]Great time to short the stock if you see any pumps - baseball strike/lockout is looming next season and they have the mlb exclusive. Will kill sales.[/QUOTE]

Are you a bubble boi also

[QUOTE=JVO;17192669]What is the difference between the 3 stocks?[/QUOTE]

Its going SPAC, SPACs are weird (will still have to be voted on by the holders)

[B]Regular Stock -->[/B] MUDS.........$10.60..........UP 0.77
[B]Warrant --->[/B] MUDSW.......$1.67...........UP 0.92
[B]Warrant/Stock Combo --- >[/B]MUDSU........$11.59.........UP 1.36

[QUOTE=Steve88;17193282]Are you a bubble boi also[/QUOTE]

I'm not optimistic about baseball's future in today's market.

[QUOTE=hermanotarjeta;17193256]Great time to short the stock if you see any pumps - baseball strike/lockout is looming next season and they have the mlb exclusive. Will kill sales.[/QUOTE]

Its got a $10 NAV, won't ever go less than that until after the contract is signed ([URL="https://www.sec.gov/oiea/investor-alerts-and-bulletins/what-you-need-know-about-spacs-investor-bulletin"]SPACs are different than regular stocks[/URL])

to the mooooooon!

[QUOTE=JVO;17192669]What is the difference between the 3 stocks?[/QUOTE]

MUDS is the common stock

MUDSW are for warrants. They essentially give you the option of buying the common share of MUDS after it merges with topps. The completion of the merger should be in a couple of months when the ticker symbol will change from MUDS to TOPP. At that point you will have to wait 30 days after the merger to be able to excercise(change into common share) the warrant. You will have to pay additional $11.50(in addition to your initial cost for a warrant) per warrant to excercise. There are pros/cons to warrants.

MUDSU consists of one common share and one half of a warrant. So if you buy two shares of MUDSU, it’s pretty much you will be getting two shares of MUDS and one share of MUDSW

So Topps lost the NBA and NFL licenses and now lost UFC license and MLB is less popular than soccer with most people under 30. Seems like a poor investment


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[QUOTE=iloveturbos;17193726]MUDS is the common stock

MUDSW are for warrants. They essentially give you the option of buying the common share of MUDS after it merges with topps. The completion of the merger should be in a couple of months when the ticker symbol will change from MUDS to TOPP. At that point you will have to wait 30 days after the merger to be able to excercise(change into common share) the warrant. You will have to pay additional $11.50(in addition to your initial cost for a warrant) per warrant to excercise. There are pros/cons to warrants.

MUDSU consists of one common share and one half of a warrant. So if you buy two shares of MUDSU, it’s pretty much you will be getting two shares of MUDS and one share of MUDSW[/QUOTE]


Some warrants are cashless transactions so that your warrants convert to stock without exchanging cash. The 11.50 is the STRIKE, so you would only convert if the stock was higher.

By the way, they are given out for free to IPO investors. The only downside of warrants is if you purchase them after the ipo and the stock never crosses 11.50

[QUOTE=rms13;17194157]So Topps lost the NBA and NFL licenses and now lost UFC license and MLB is less popular than soccer with most people under 30. Seems like a poor investment

Sent from my iPhone using Tapatalk[/QUOTE]

Possibly.

But Topps lost the NBA & NFL licenses a number of years ago, when the hobby was contracting. They are growing the digital business (now equates to 25% of revenues) are raising $250m with the deal and Eisner (who bought the company in 2007) is staying on as chairman and keeping his investment in-place.

The hobby has changed dramatically over the last couple of years, and it does not seem implausible that the NBA and NFL will want a bigger slice of the action and decide multiple licenses is the way to go again. :coffee:

[QUOTE=threepointplay;17194381]Possibly.

But Topps lost the NBA & NFL licenses a number of years ago, when the hobby was contracting. They are growing the digital business (now equates to 25% of revenues) are raising $250m with the deal and Eisner (who bought the company in 2007) is staying on as chairman and keeping his investment in-place.

[B]The hobby has changed dramatically over the last couple of years, and it does not seem implausible that the NBA and NFL will want a bigger slice of the action and decide multiple licenses is the way to go again. :coffee:[/B][/QUOTE]

Yes, they dont like money if they choose to not do multiple licenses. This will also alleviate the bullsh*t happening at retail and LCS getting something like 2 boxes of basketball Prizm for 100 people.

[QUOTE=smanzari;17193340]Its got a $10 NAV, won't ever go less than that until after the contract is signed ([URL="https://www.sec.gov/oiea/investor-alerts-and-bulletins/what-you-need-know-about-spacs-investor-bulletin"]SPACs are different than regular stocks[/URL])[/QUOTE]

This is badly false it can go under $10 any time it wants and several SPACs [not de-SPACs] have already done so, feel free to look them up and see for yourself. KLAQU, several dozen others. Unlikely that it goes much under $10, however.

NAV != trading price, and you can see the same effect in Closed-end funds.


Professionally, I have consulted on the successful formation and trading strategy of SPAC-only hedge funds.

lol, $10 is most certainly not the floor on SPAC's. Read a prospectus.

Am I missing something here?

[IMG]https://uploads.tapatalk-cdn.com/20210625/a711010914e2b97178ebc9555bd4e540.jpg[/IMG]


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[QUOTE=gomiamigo;17444037]This is badly false it can go under $10 any time it wants and several SPACs [not de-SPACs] have already done so, feel free to look them up and see for yourself. KLAQU, several dozen others. Unlikely that it goes much under $10, however.

NAV != trading price, and you can see the same effect in Closed-end funds.


Professionally, I have consulted on the successful formation and trading strategy of SPAC-only hedge funds.[/QUOTE]

Not really the same effect as a a closed-end fund

[QUOTE=rifleman69;17444062]lol, $10 is most certainly not the floor on SPAC's. Read a prospectus.[/QUOTE]

Technically not true. Before you de-spac you have the right to redeem for 10 plus whatever cash accrued in the trust. Sure the trading price can dip below 10 but you would be allowed to redeem. Now after the de-spac, the lower limit is 0.

[QUOTE=sportscardpete;17444457]Technically not true. Before you de-spac you have the right to redeem for 10 plus whatever cash accrued in the trust. Sure the trading price can dip below 10 but you would be allowed to redeem. Now after the de-spac, the lower limit is 0.[/QUOTE]

You have the RIGHT to redeem...the trust doesn't have to take this RIGHT into effect each and every day.


Read the prospectus again.

[QUOTE=rifleman69;17444557]You have the RIGHT to redeem...the trust doesn't have to take this RIGHT into effect each and every day.


Read the prospectus again.[/QUOTE]

I think you’re having trouble with the concept lol. Before a de-spac, if you own shares you are allowed to redeem for 10 plus whatever cash accrues. No one said anything about each and every day- I’m saying just before the de-spac. That’s why hedge funds buy into spacs. The worst they can do is get there money back plus cash (unless they sell before they are able to redeem).

Also, it’s not a “prospectus” thing lol. It’s spac 101.

[quote]The worst they can do is get there money back plus cash [/quote]

Again, this is completely wrong. You're also ignoring expenses, you don't get $10 back you get $10 minus expenses.

You're also ignoring opportunity costs of having your money tied up for two years while they search for a deal which is likely more significant.

You failed SPAC 101.