March 11, 2022
After personally seeing the pump and dumps with low priced securities and SPACs on Twitter, StockTwits and Reddit, this seems like a pretty candidate for Pump and Dump.
That is because of the low price of the security, no underlying asset to value and recent shady SPAC transactions where 98% of SPACS are below NAV.
We don't need yet another SPAC security for gullible retail investors to lose money on while rich sponsors dangle a carrot for self dealing.
The proposed rule seems very tailored to $PSTH that no other SPACS can use it because of several specific factors.
For the above stated manipulation concerns, please do not approve.