Welcome to trade ideas. I’m Jake Merle sitting down with John Jay neurone editor-in-chief IPO edge John great to be back on the show
Thanks Jay. So today we actually have to review on Thunder bridge you crushed it, man
You were actually up 200% over the past few months on this stock
Can you please walk us through exactly what you were looking at and how things have unfolded over these past few months?
Yeah, sure Jake
So what happened with Thunder bridge, which is now repay because the SPAC deal closed is the warrants looked really cheap
They just weren’t getting very much attention
So I saw an opportunity there to get exposure to the warrants, which is risky
Right because of the deal hadn’t closed they were they would be worthless
But since then the deal has closed and what happened was really interesting
Barron Capital big long only fund came in they do a lot of you know small cap stocks
But they have a lot of capital that they’re managing
They came in and they said you know what?
Why don’t we come?
Why don’t we you know invest alongside the arrestee investors, but let’s get rid of all this dilution for the warrants
So what happened is the warrants got taken out for a buck 50 in cash plus a quarter of a warrant
so what I said last time I was on when I was on here with you on was to hang in there and
It worked out. So the the stock is now trading and the warrants are also trading as well
And it looks like you know, they’re worth roughly
if you count the dollar fifty two dollars and forty cents a share and so you
Originally recommended buying the warrants below 80 cents in April you then doubled down at?
165 or so in May and now they’re trading like you said above 240 so given the recent price action and everything
We’ve seen would you be buying it here at current levels or would you just be taking profits?
You know, I think in the beginning I really believed that the business the the common stock is worth fifteen dollars a share
So I still like it. I don’t like it as much as I did before
But yeah, you might take a little profit here, but you know remember after the the warrant
Announcement came out the stock, you know that the warrant dipped a little bit
That’s when I said to get back in because it just looked too cheap
I mean it was worth a dollar fifty in cash alone
I saw it dipping below dollar sixty and that’s when I came on last time and said you should get in it you should get
Into it here
So if you see people taking profit which is which is I believe what happened last time
There could be another chance to you know, jump along for the ride and over. What time prising do you think?
It’ll reach that $15 per share
I’d say the next two years or so, you know, this is not I mean the company is a steady grower
But you know
This is not something that’s gonna trade like some of these crazy IPOs that we’ve seen like beyond meat or anything like that
Well, John, we’ll see how it plays out and months to come. Thanks so much for joining us. Thanks a lot
So John is still bullish on repay
Specifically, he likes buying ticker symbol RPA why at current levels with the target price of 15 over the next two years?
That was John Jana rone of IPO edge and four-wheel vision. I’m Jake Merle