$ASTS: American Tower is an investor and sits on the board of AST SpaceMobile. The most cost effective way to connect people in the developing world is for AST to light up unused terrestrial spectrum from space. $AMT saw the future and has agmt with AST to provide the gateway infrastructure. They certainly will be making “adjustments” to their expansion strategy. The signs are all there folks. 2/ $ASTS: A few comments from $AMT back in May 2023 at the MoffettNathanson TMT Conference. Head of IR Adam Smith had to be careful in answering this question given the potential risk of cannibalization of the core business.

1/ $ASTS Q1 2023 Update: First how crazy is it America's top MNO @ATT ($300BN EV) views its work with AST as a major historic milestone in achieving the first 2-way voice call over cellular spectrum with an unmodified mobile phone. Hard Launch imminent? 🤯
#5GSpace #D2D #spacemob @ATT 2/ $ASTS added 5 more MNOs bringing the total to 40 globally representing well over 2 billion potential customers for service. These sophisticated MNOs are undertaking their own due diligence and are choosing AST over other potential competitors like Lynk and Starlink.

1/ $ASTS: Q4 2022 Update: Negative stock price reaction unf drove the narrative Friday. After digging into the Q4 call and transcript in detail, here are some thoughts: 2/ First, let's discuss the negatives. (1) Testing is taking longer than expected. Initially the co gave guidance of T+6 mos and then Q1. It's important to understand that testing is an ongoing process and will continue throughout the life of BlueWalker-3.

1/ $ASTS: @ast_spacemobile and strategic partner @ATT are working together to deliver next generation satcomm solutions to the US armed forces. Let's recap the last few days of activity and assemble the pieces of the mosaic. 2/ $ASTS: On 1/31, AT&T's Defense Business Lead, posts details on how AST+AT&T are working to provide the Department of Defense w/ seamless and reliable terrestrial + space-based mobile network. READ EVERY SINGLE WORD.

1/ $ASTS THIS IS IT. AT&T, known for being conservative (Ma Bell upbringing?), has thrown down the gauntlet. CEO John Stankey is on a mission to educate everyone that AT&T and AST will be the only provider of broadband to unmodified mobile phones.

bloomberg.com/news/articles/… 2/ $ASTS The Bloomberg article follows Stankey's September Barron's interview where he highlights @AST_SpaceMobile as a superior service.

HEY THIS SATELLITE TO PHONE SERVICE SEEMS IMPORTANT TO AT&T?!? 🤔

barrons.com/articles/att-c…

$FAZE heads up to anyone in this name. A fourth S-1/A was filed today 9/29, just 2 days after third amendment on 9/27. The S-1 is about to go effective which will allow 10M shares to be freely tradable. 2/ $FAZE $71.4M of PIPE investors defaulted on their commitment, forcing B Riley / $RILY to fund its PIPE backstop. B Riley now holds 7.5M shares along w/ 2.5M held by outside PIPE investors vs. 1.3M float. $RILY risk managers are going to want this off the books ASAP.

1/ Remember when @KerrisdaleCap did a smash & grab on StraightPath @ ~$40/share in Oct 2015 and again in Jan 2017? They claimed STRP's holdings of millimeter band spectrum were essentially worthless. They provided plenty of industry quotes as strawmen to backup their claims. 2/ However a short 3 months after Kerrisdale's last report, AT&T agreed to buy $STRP for $95.35/share and then lost out to Verizon in a bidding war for $184/share a 404% premium!

Imagine that: two strategic parties knew better than douchebag HF bros about spectrum?

1/ $ASTS Infamous @KerrisdaleCap just published their hit piece on @ast_spacemobile after having previously established a short position and profiting from the ensuing panic selling - known as "smash & grab". 2/ $ASTS First, what @ast_spacemobile is trying to accomplish is very difficult. When I started diligencing AST in late 2020, there were skeptics that said satellites communicating directly to unmodified mobile phones was not possible.

1/ $ASTS SpaceX and T-Mobile just announced a satellite direct to phone messaging service partnership with the hope of using a slice of T-Mobile PCS spectrum to provide emergency services. A large phased array of 7m will be incorporated into Starlink 2 satellites to enable... 2/ $ASTS ... them to communicate with unmodified cell phones. Sound familiar? The technology is being developed at SpaceX and beta trials will start sometime late 2023. The service will be low speed in nature, totaling 1-2mbits per cell, allowing for intermittent texting and...

$ASTS my guess is Starlink may partner w/ T-Mobile to provide fixed home internet. Remember to connect to Starlink you need a high powered dish antenna (which runs very hot) that operates in high band spectrum (not cellular spectrum).

https://twitter.com/SpaceX/status/1562476038235377665

$ASTS Makes a ton of sense for $TMUS to offer Starlink internet for home service in areas where they don't have the towers/coverage for their own 5G/LTE Home Internet.

1/ $CANO: Industry consolidation in Value Based Care and potential sale valuation for Cano Health, supporting $12-$18 per share.

A brief 🧵 2/ $CANO: Industry consolidation in VBC is accelerating, especially with the entry of $AMZN. Amazon has already entered the pharmacy business is looking to expand capabilities in Primary Care w/ acquisition of $ONEM and interest in $SGFY. Incumbents are being forced to move to...

1/ LOCK-UPs: While there are customary terms that most deals follow, PLEASE KNOW that every deal is negotiated and bespoke. It is critical that you do your own due diligence and review companies filings! Lock-ups in one situation are just that, one situation. 2/ LOCK-UPs: Typically target shareholders that hold >1% of pro forma equity are asked to sign a 180-day lock-up. Otherwise shares issuable to sellers in connection with the merger CAN SELL as long as they are not an affiliate of the post-combination company.

1/ Great source of long investment ideas: activist smash & grab short seller Spruce Point Capital @sprucepointcap

I recently analyzed the stock price performance of smash & grab activist short seller Spruce Point Capital run by this champ, Ben Axler 2/ What is smash & grab activist short selling? It's when a scumbag like Ben Axler makes outright lies, false claims, and sensationalistic statements about a company with the hope creating panic selling so he can then cover his short position for a near riskless profit.

1/ $ASTS Q2 Business:
+) Reg Approvals in 6 countries = 360M people
+) MOUs signed w/ MNOs: Smart, Africell, MUNI, UT Mobile, LIBTELCO and others, TAM 1.2B to 1.5B subs
+) Final negotiations for MOU w/ MTN for 280M subs & BW3 test partner
+) 1200 patent/patent claims 2/ $ASTS Q2 Business:
+) Initial equatorial service launch does NOT require FCC approval
+) FCC approved application for US, now subject to comment period through November
+) Working closely w/ NASA regarding ops of satellites. Any prior issues have been resolved

1/ $ASTS @AST_SpaceMobile: Invest in the Space Mobile Provider that Will Disrupt the Entire Wireless Industry.

A Different Perspective on What's Really at Stake. Mega thread Below. 2/ $ASTS has created the first and only patented protected, space-based cellular broadband network that can provide coverage across the entire globe.

Service is compatible with all +5B mobile phones in use today featuring 4G & 5G data speeds with low latency.

1/ $JWS $CANO is a primary care provider for Medicare patients that is merging with Jaws SPAC shortly after a shareholder vote scheduled for 6/2. Valuation analysis supports $30 per share or +100% upside from current levels. #spacs #spacsquad

A short thread: 2/ $JWS $CANO delivers value-based care to patients through a fixed or capitated payment from insurers. CANO assumes all risk and benefit, incentivizing it to invest in preventative care to optimize outcomes and lower costs.

1/ $TPGY A few thoughts on the 8-K dropped after hours today.

DEAL RISK is why pre-close SPACs trade at a discount to peer valuations. This is why some long only funds wait until a deal is effective to buy. A deal is never done until it's done. Global Blue anyone? 2/ $TPGY Carveout transactions are notoriously complex. When you're taking a division public, trying to separate CLEAN financials from the parent can be very difficult. Add on top that EVBox is European: translating IFRS to GAAP accounting adds more complexity!

1/ SPAC 101: What the heck is a PIPE and why are these guys good, bad and ugly?

A thread about PIPEs and the important role they play in SPACs 2/ PIPEs are Private Investments in Public Equity. PIPEs were a recent innovation in SPACs that allowed A) sponsors to raise more capital outside of the dilutive sponsor promote, B) provide a buffer to meet deal minimum cash conditions and ...

1) $SKIN Primary Research Poll. Speak to at least 4 women about @HydraFacial. What % of women were aware of the @HydraFacial brand: @brentlsaunders @jimcramer 2) $SKIN Primary Research Poll: Speak to at least 4 women about @HydraFacial. How many have had a @HydraFacial facial treatment?

1) $ASTS like every SPAC filed S-1 tonight to register 23M PIPE shares, 5.17M sponsor shares and 17.6M total public and private warrants. The SEC will take 30 days to review the S-1, it'll take 1-2 weeks to respond and go effective where the PIPE holders will be able to sell. 2) $ASTS Remember PIPE investors have invested at $10 per share. 31% of the PIPE are long-term strategic investors American Tower, Bell Canada, Cisneros, Rakuten and Vodafone. 60% are hedge funds that are a combination of arbs and long/short strategies.

Something an old boss told me once when I first started public investing and lost a lot of money on a position: "If you're not losing money somewhere in the portfolio, you're not taking enough risk." #spacs #spacsquad 2/ If you’re sweating every tick up or down in a position, you’re TOO BIG. #spacs #spacsquad