I JUST Went on Primetime TV to talk about Trump’s SPAC!

all right if you remember a couple

months back we were talking all about

this whole thing with gamestop well we

may have game stop 2.0 on our hands

right now wall street today was in a

frenzy as president trump reportedly

mulls a cancel-free social media

universe shares behind what they call a

special purpose

acquisition company or a spac that is

taking trump's platform public soared

for a second day in a row you can check

it out under the ticker symbol dwac it's

a lot to break down here to help us do

just that is one of youtube's most

watched financial analysts and the

founder of the youtube channel meet

kevin a channel with nearly half a

billion views kevin pathrath welcome to

the show thank you for joining us and

just for disclosure purposes when i saw

this happening i was so excited i went

out and bought a bunch so i have

invested in this uh i don't know exactly

what it is yet that's why i have you on

kevin i want to start with just telling

me and everyone else what's a spak

absolutely so spec is just basically a

bunch of people getting together saying

hey we should take a company public

let's put a bunch of money into a fund

and let's let a leader go find which

company we want to bring public so it's

a blank check company you get shares at

ten dollars usually ten dollars

sometimes twenty in this case ten

dollars and the goal is that they bring

something public when the announcement

came out that this group dwac was

bringing the trump media technology

group public the thing exploded

okay that's fascinating so you talk

about dwac and i also want to understand

what about this new stock we are hearing

today called fun

spelled f

sorry p-h-u-n how is fun

related to dwac

exactly so look the big thing with dwac

is of course a cancelling cancel culture

and fun is associated with dwac not by

any hard connection other than the fact

that a fun

p-h-u-n helped donald trump run ads in

2019 and 2020 for his political campaign

and so it's really only running under

the belief that they might be connected

with once dwac becomes an actual company

and we actually have a real social media

platform because here's the thing right

now dwac and the trump technology group

they have zero dollars in revenues any

social media company is going to need to

attract advertisers and you're gonna

need more than my pillow you're gonna

need a lot of advertisers so it makes

sense that investors are looking for

companies that can help them get

advertisers

okay so just break this down so spac

is a a

fund where a bunch of people say go out

and buy a company take it public i get

that but then we've got dwac which i

still don't entirely understand what

that company is that they've apparently

bought like with gamestop there was a

store i could walk into it i could see

gamestop i could it's in a strip mall

amc is a movie theater i could go into

amc so what is dwac i mean can i touch

it can i go into it what am i buying

into with this spac dwac what am i

getting for my money

you're getting hope uh that's what

you're getting right now is hope uh

you're getting so it's trading at 100

bucks ish

you're telling me that i i so it started

in like the single dollars it closed

yesterday in the 40s today went as high

as like 147 and people are buying hope

yeah that's correct that's 75

this company posts its merger so when it

actually becomes when this merger

completes which is what a spac is but

but that aside once that merger happens

it's going to be valued at about 12.8

billion dollars at 75 a share that's

where it's trading right now pretty high

for a company that doesn't have a

platform yet you know we've got sign ups

we got a sign up website truthsocial.com

you could pre-order the app in the apple

app store but we have no idea if

advertisers are going to use the

platform if people are going to use the

platform we expect them of course too

right we all hate cancel culture i hate

censorship look when i ran for governor

in california before i had green hair i

got cancelled by facebook and censored i

am a big protester for this so this is

leading to a lot of enthusiasm people

see this as voting for uh

anti-censorship anti-big tech that's

really what you're paying for so you're

paying for anti-censorship supporting

donald trump supporting conservatism and

and really just voting against the

mainstream liberal agendas that we see

in big tech

yeah interestingly enough though it's

going to be interesting to watch what

the advertisers actually do because

they've been

because of the trump involvement but i

do want to ask is this the type of stock

you hold on to as an investment that's

that's what i think i want to know

i

i would say maybe in three months when

it comes back and rubber bands back down

closer to ten dollars it's not something

i would hold on to right now and here's

why for the last two days this stock has

been so popular it's been almost

impossible to short which means you

can't have people making those counter

bets against the price which has gone up

a lot well jp morgan i spoke with them

this morning in the institutional

division they're expecting these shares

to come up available for short monday

and tuesday and a lot of them okay so

people who think this is going to go

down they're going to short it sorry

okay kevin stop stop and explain this to

me real just

i want to make sure i understand if i

wanted to sell the stock i can sell it

but i just can't short it there is a

difference correct

yeah exactly so if you own the stock and

you want to sell it you can do that but

if i don't own the stock let's say and

i'm like oh my gosh a hundred dollars is

too much i think it's going to go back

down to 20. i could borrow it from

somebody like you not you don't actually

have to do anything the brokers do that

for you i pay interest to the broker for

that right and and you get a little bit

the broker does all that for you and

then i could just sell it right away to

100 and then give it back to you when

it's at twenty dollars now i could get

you know burned if it goes way up but

this i think is gonna open up

maybe possibly all right kevin this is

super helpful i really appreciate the

way you broken this down because i need

to explain to my wife what i bought

yeah i just be careful here's one of the

things you got to remember when it comes

to these particular stocks that go up

really fast they are momentum stocks

you're not buying into fundamentals

you're buying into social media and

really what i call peak media and once

that media fades the price tends to go

down with it so just watch the social

trends how often it gets talked about in

the news once it gets out of the news

cycle it goes away best comparison pull

up quantum scape when they were in peak

media the thing went from 10

to 135 now it's 25 again

fascinating very helpful thank you so

much

but it doesn't end the movement stay

optimistic about the movement cancel

cancer culture and cancel censorship

yeah

thanks kevin thanks so much

thank you