 Billionaire What's up money geeks mr. V here welcome to another video guys so into this video when take a look at ticket symbol PSTH U This is a blank check company that is owned by billionaire investor Bill Eggman and the company went public instead of trading On the NASDAQ and offering there was a set of about $20 and in the process. They've raised over $4 billion and again guys I'm gonna talk a little bit about blank check companies for those of you that are new blank check companies or companies that don't have any product Don't have any service don't provide anything all they do is bring together Investors and raise money to go out there and look for really good privately owned companies and take them public So these guys are Bill Eggman is an American investor. So he's a hedge fund manager So he's been around again He knows exactly what to do and that's why he's able to raise four billion dollars with these particular spot company So what are you gonna do is just sit back take a look at a good company in any sector? Is it healthcare is it tech and go in and then take that look at the companies and take them public and the good thing About having raised four billion dollars that is a lot of money where they can actually buy a lot of the company outright and take them public and set the terms and do whatever they want to do so The company started today trading on the NASDAQ again. It started $20 Kind of squeeze down to like, I don't know under 20 and then it's been gradually going up after that So, okay, let's kind of take a look at some of the news that Was put out today about what is happening with these particular spot company So as you can see guys, this is some of the news that came out today Bill Eggman's Blanchett company, you know, just started trading. I mean coming if it's Bill Eggman That's excitement people want to learn more about what's going on And so if you can see right here, they are initially 200 million units $20 which is crazy just to get started right off the bat $20 And they've raised over four billion just to get them ready. Like I said earlier I think the plan is just to sit back and relax and look at companies That really have good potential they can take public So I know recently we've been talking here on the channel a lot about the SPAC companies So see here they mentioned Nicola Mordo's Draft King, Virgin Galactic Holdings, I mean like these are all companies that have actually gone public through mergers with You know with Blanchett companies So and so in this case, I know Bill Eggman being our one of one of the Smilest investors that we know They're gonna look for a really really good company to take public So I mean, I mean, I know you're not gonna just want to invest in any trashy companies So more news is you know, just talking about the whole thing. So this is again the ticket symbol is PSTH.UT Yeah, so definitely check them out Let's see and when I was doing this video This is because I started trading today, which is July 22nd Started trading on the NASDAQ and if you look at that, so right off the bat It is we squeeze up a little bit and then Just kind of pulled down. It's just been around that $21 $21 mark. So you can see right there. So there's no history because I mean it started today And so I'm just looking at it right now Not knowing exactly what they're gonna they're gonna invest in not knowing what sector they're gonna invest in but we know that he has Investments in you know in a pharmaceutical in let's say Retail like Nike, they have a huge position in Nike and stuff like that. So Tech we don't know which company they're gonna go after there's a lot of Opportunities out there and I know for sure they're gonna do their due diligence before Actually taking in a company public and I'm pretty sure once that happened the stock is gonna pop At that point, they're gonna change the ticket symbol to whichever ticket symbol they want To to give depending on the company that they go after and get so that is that is exciting news At this point guys the question is should you buy this particular stock or not in my personal opinion? As far as Bill Eggman is involved, I'm pretty sure they're gonna go after a really good company in the time being I don't know What the momentum would be to really drive the price of this stock? Beside the fact that it has something to do with Bill Eggman So what I plan on doing is maybe pick up between 50 and 100 shares and just hang on to them Hopefully they can you know try to get a company anytime soon and take them public and I know in the process That might go up to I don't know maybe 30 40 50 60 dollars a share So I'm just gonna pick up a few and just hold them again This is not something that you think it's gonna just kind of go up overnight tomorrow because unless they announce a particular merger You're not gonna see the price move that much But I want to get in this early at that are now between 21 and $20 that's where I feel comfortable getting in so to me This is definitely Buy a small position and hang on to wait and just see what happens So question of the day What do you think about the fact that Bill Eggman has this black check company that is ready to go out and capture any Company that they want and take them public Let me know in the comment section and again guys if you're new to the channel We talk 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 a notification belt because YouTube tell me that 90% of you guys watching haven't already subscribed to the channel So if you can go ahead and hit that subscribe button It would definitely tell YouTube that you guys care about the content and also if you're looking at starting to invest And you look at what platform to use I do use we both my investing So I'm gonna put a link in the description below We both gives you two free starts just for signing up to the platform not one two first one is between Two dollars and two hundred fifty dollars and the second one is between twelve dollars and fourteen hundred dollars So definitely go check them out and as always guys Stay safe and stay motivated