 Boom What's up money gigs? Mr. V here. Welcome to another video. So and this one we are going to talk about chicken symbol M-I-L-E Metro mile. So this is a company that we cover here on the channel I talked about this company and why I like the business model when they were going public through a spark And I told you guys this is one that you want to be in From the get go and so ever since they went public we had this pullback and throughout the entire summer The stock is actually taking a massive beating which at this point I think it's a good opportunity for you to get in Especially with some of the good news I'm going to share with you guys about Metro mile here 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 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 when it comes to Metro mile and the reason why I really love this company again I'm going to break it down to you guys so that you can actually see Metro mile is a company that is actually involved in Pay as you go No kind of insurance. So you pay per mile. So again, here's a premise behind why I love this If you have two cars, let's say you live in a cold weather State you have two cars one you have your summer convertible car And then you have your winter truck in the summertime you drive your convertible And then you keep your truck in the storage or in the garage So you still pay insurance even though it's sitting in the garage and you're not even driving it all of summer Then flip it in the wintertime your convertible goes into your garage and your truck comes out And yet you still paying insurance on your convertible. Do you think that's fair? I don't think it's fair. So comes Metro mile where you only pay if you drive So in this case if your truck is sitting in a garage and not going anywhere you only pay their bare minimum So you don't pay any as much as you would pay less You just buy full coverage on your on your vehicle, which to me It's a smart mother because what are the chances that that car is gonna get an accident when it's sitting in your garage? Zero so the only chance that it's gonna get actually when it's on the street walking again I'm not saying that somebody cannot ramp it in your garage Or you cannot ramp it yourself, but at least the chance of getting an accident are really really minimal So that's why I like my true mouth and I talked about is when I first did that video when I did when they said they were going Public so again the business model to me is something that I'm really fascinated about again If you guys understand the way I approach a lot of these growth stocks is that I look at disruptors in the industry in the insurance industry space I've always hated insurance because they make you pay For something that you need but when you don't get in any accident anything you don't get anything back But then when you get in an accident not only do you pay but then they increase your premium. It's like I Don't really like it approach and again. That's just probably me Maybe some people find it. Okay. I have I have a serious problem really No wrestling with that, but that's beside the point So Metro mile again one thing that I want to show you guys right here. This is massive news for Metro mile So Metro mile is being acquired by Lemonade and so lemonade is another insurance company So see they do rent as insurance. They do home owners insurance. They do cars You see where it catches right there. They do cars and then pet insurance and term life insurance So again when it comes to cars They are getting into a space where Metro mile is already Excelling so look at our partnership. They have License all over I think 49 states so far for lemonade So come Metro mile, which they're currently only in a few states So if you partner with or you get acquired by lemonade By default you have access to 49 states already, which to me. I think it's a really good partnership So here are the details if we can pull this up of the transaction So for every for every share that you would get that you own for Metro miles So basically it's gonna be a 19 to 1 Transaction so you take 19 shares of Metro mile you convert them into one share of lemonade and again I'll show you guys Why that is so currently lemonade is clearly trading at 62 dollars and some change and Metro mile is trading as three dollars and And 24 cents. So if you take this it'd be 19 of this To one share of lemonade when the deal closes. So that's the way it's gonna go down So again to me, I like Metro mile and that I bought Metro mile I've actually averaged down and I did at this point right now again If you want to be a bottom-fitter, you're buying down here, but you know fully wear that By Q2 of 2022, I think that's when the deal is expected to close. Yes Yes, Q2 of 2022 that's when this deal will close and they would convert all your shares From lemonade into Metro mile, which again that is the terms of the deal So I like I like the approach. I think it's an excellent partnership. I think they both bring something to the table Lemonade has a bigger audience have a bigger Exposure Metro mile is coming in now to benefit from that. They have a lot of AI Again, this is machine learning and artificial intelligence that helps guide them So they're bringing that technology over to lemonade and to expand their car Insurance here so they can actually grow faster and then exposure to different states now They only have limited state but exposure to many states. I think it's something that's gonna come in really really handy So I kind of like this this combination moving forward So for those of you guys that are currently not in Metro mile again This is where Metro mile is sitting at the bottom So you could be like a bottom-fitter where you like to buy when the price is way down there So again, you can get it now knowing fully where that is it gonna convert in the future into into lemonade again That's just for me. I like Metro mile from the from the very get go and one thing I didn't even show you guys was lemonade had gone up to about a hundred and thirty or hundred and forty bucks Before even pulling back to sixty two. So again, this stock had exploded So imagine that if this thing explodes again, and then you when you're converting from Metro mile to lemonade You let's say if it's trading at a hundred and thirty bucks So nineteen to one would be nineteen shares of Metro mile to one share of lemonade to be So you you come you come out on top again if even Metro mile is still trading at Let's say three dollars and fifty cents You're gonna come out on top if if lemonade is trading at let's say a hundred and thirty bucks So again, just some math for you to do this So again, let me know what you think about is first of what do you think about a business model of Metro mile? Because that to me that's the thing that fascinates me That's a disruptor in the insurance space because a typical insurance is you go in they give you a premium you buy it Maybe for a time period to six months or a year or two years And it doesn't matter if you drive your car or you don't drive your car you have insurance So if any if now if somebody comes in and say Hi, I can give you a better deal if you drive your car You pay if you don't drive you sit but again This tail would probably impact people that drive a ton Negatively because the more you drive the more you're gonna pay, right? So there's there's ups and downs there So again, that's why I give the example of somebody that owns two Vehicles where if you drive one more and in a particular season say in the summer and the other one more and In the winter time that would probably work well for you, but somebody that commute Longer distance and do let's say 50 to 100 miles every every other day. That's probably gonna be tough So maybe this is not gonna be a good play for you But I am assuming that with your partnership with lemonade They're gonna work something out for people that can up out of the pay per mile So if you want like your traditional insurance, they'll probably do it again using your AI Solutions to kind of guide you and give you maybe discounts Hey, you drive your safe driver Again, do you follow all the regulations? Do you put your seatbelt on do you stop where you're supposed to stop? They can put things in your machine your vehicle that can track all that information Send it back to them and they can mine that data and find ways for you to save money and again using technology To better the way we do things today because our old insurance way was you go to some dude down the street in your neighborhood he's been doing insurance for Decades you go to him is like right, you know do some paperwork get your quote and give it to you You pay and every month when you just leave your account You never really care. You just know I have insurance and that was about it But that's changing Technology is coming in and helping us improve and be better. So that's why I like it again Let me know your thoughts in the comment section. My thoughts may be different from yours I really want to hear them because it's important that I learned from you guys too So again, let's have the conversation in the comment section If you're new here, we talk about how 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 in the notification belt So you don't miss out on new content also guys if you were looking to get started with investing Yeah, Moomoo has this promotion right now where if you sign up and deposit any amount one dollar You get five free stocks somewhere between $9 and 3500 I'll put those in the links below and as always guys Do your due diligence. Don't be greedy savage. Stay motivated