 Done deal What's up money geeks Mr. V here welcome to another video guys so in this video I want to give you guys a quick update on Metro mile Which is a company that we profile here on the channel when they announced that they were going public through a spark The merger is completed. And so Metro mile is about to hit the street So that's what we want to talk about into this video But before we get started guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content So again guys we covered Metro mile here on the channel and I told you guys that I did really enjoy The business model here because basically is pay per mile So you see see here you pay a low monthly rate plus a few cents for each mile You drive which means that if you can see here that do the calculations which means that if you don't drive a ton You don't have to be paying a ton in insurance because in most cases you to give you one flat rate Let's say 500 dollars a month if you drive your car twice you stay pay 500 So for these guys your monthly rate here could be say 25 $29 and then they do the number of miles a year drive at six cents you end up paying 56 hours a month So that's basically the whole idea behind you So I like it because it's really taking away from you know people that don't drive a ton paying The same amount as people that drive hundreds of miles or thousands of miles each year So if you are somebody that drives a lot, this might not be good for you But for somebody that doesn't really drive a ton. This is excellent business Model so I really like it. So again the reason why I'm doing this video is because if you can see here their stockholders approver of business combination with metro miles, so This is completed. So key things. I want to show you guys here is that the ticker symbol that we have right now for their spark was I and a queue that's gonna change to M. I Le mile so that would be the two the main tickets anymore And then there the warrants is gonna be mile W as you can see here So this is gonna start trading February 10 So definitely something they're gonna be aware of the one thing that I want you guys to also know is that was you are trading these sparks or these mergers the What I've seen over the years is that Prior to the merger, you'll see a little spike right after the merger You'll see another spike and then the stock will pull back before regrouping So if you are looking to get into this long term, I would say don't jump right in just wait so that all these chaos About the merger goes gets out of the way and then you can step in and then buy for long term But if you're just looking to day trade it and make some profit and then definitely Jump in as early as possible and then ride that little wave and secure some profit and get out So that would be this strategy here again, like I said, I've already covered this I went through a breakdown of the investor presentation. So definitely go check that out I'm gonna put it on their YouTube cards here. So you guys can definitely see that I'm super excited But let's take a look at the stock right now where the stock is currently trading is going to trading at $18 and 66 If we go back a month, we'll see that the stock has just been somewhere Really reluctant to move. So hopefully these are these the news about the merger tomorrow We'll give the stock some new light. So again, I am holding this one and I plan on buying this one hold it long term I do have a starting position That I picked up I think at about maybe $11 or so where I got that my starting position So I'm gonna keep adding on that because I definitely like the business model again It's just a whole idea of taking that one size fit all and breaking it down so that people get to pay for what they They won not what they think you want. So it's just like if you look at streaming services We used to have cable they give you a bundle of I don't know 300 channels And you only get to watch three or four, but you you you're paying for 300 channels So now you have the ability to actually just pay for what you want and not pay for for everything So that's the same principle here. So I really like there the business model So let me know in the comment section what you think again guys, like I said this one if you are looking long term Definitely, it's a buy and just hold so I don't care if you enter right here at this $18 price point That's absolutely fine This is gonna ride long term and just like I said But if you're looking to swing it and then get in and get out it would be our yeah 18 dollars would be a good You know entry point and then if you can ride it all the way to 1920 bucks and then around 20 bucks We should see a little bit of resistance with this one and then you sell wait for that pullback Buy to hold long term so that would be a good game plan on this one So let me know again in the comment section If you guys are actually Investing in the stock already or you plan on getting into the stock and beside guys What do you think about the business model because to me that is one thing that really intrigues me I like the fact that it's disruptive is changing the auto insurance Industry which I really really love so again Let me hear you guys's thoughts in the comment section if you're new here We talk about to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and your notification bell to you Don't miss out on your content. Also if you're looking to get started with investing We both has the promotion where if you sign up deposit hundred dollars You get some free stocks links in the description below It does help me here on the channel and as always guys do your due diligence Don't be a greedy savage and stay motivated You