Directors have today granted 6M options at 11p (10% of share capital), 6 month vest: Investegate |Pineapple Power Corp Announcements | Pineapple Power Corp: Grant of Options
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What does that mean for us? What can we expect?
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Welcome to the forum @Gatien
Would this be fair to assume this dilutes the shares by 10% (6million) assuming they exercise their option?
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Thank you Neil,
I bought as a bit of a gamble. Letās see what happens over the next few months.
Thanks again
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No it doesn't neccesarily dilute the shares at all, go read the prospectus it's investing 101 but nobody on here seems to have read it or there wouldn't be so many opinions.
A SPAC doesnāt usually buy a company, it is there for a company that wants to get listed but doesnāt want to go the long expensive IPO route.
Of course as always there are exceptions, with very well financed SPACs particularly.
That is the value that the SPAC adds to the company. Once the merger is complete normally the name is changed and they start hunting for investors.
In most cases the share price will go up above 20p, often well above it but that is not guaranteed same as any shares.
Go read the prospectus it contains the business plan and the directors, as well as the independently audited risks. It will do you more good than reading the opinions on this thread.
Apologies to anyone insulted by my assessment of their opinions as opposed to the prospectus. Some should be more responsible about what they call advice to new investors
Read the prospectus People, That is where you start
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Just to be clear, Special Purpose Acquisition Companies can merge with existing firms, which will most likely be the case with Pineapple Power given the level of cash within this particular SPAC, or they can buy a company if they have raised alot of cash in the SPAC when first listing.
Definitely agree, the prospectus should be absolutely the first place for anyone who wants to invest in a SPAC
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Thank you for the good explanation. I think I understand a bit more.
It is possible to inform and correct information, without being abusive to other members of the forum. This is not the FreeTrade way.
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I agree, there are many misinformed comments here. I would appreciate if Freetrade introduced a down vote option to reduce that platform of those who pull investing theories from midair.
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Its true, I am living the good life. 
Like a lot of people, I was brought up in a world where it was normal to judge everything and to pass comment in a negative way.
Over the years I became increasingly aware that this just results in a cycle of negativity and due to its combative nature often leads to others needing to defend their positions. This just ends up polarising opinions and hampers peopleās ability to change and grow in knowledge, skills, attitude and behaviour.
Itās not about finding a different way to say something, if that thing is a judgment. Itās about removing the need to judge something at all.
It is completely possible to inform and correct, without adding the judgment on the previous information that you consider incorrect.
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My advice to anyone considering investing in Pineapple Power (PNPL) is to read the prospectus first, before reading peopleās opinions on this thread.
The prospectus contains the business plan, the directors of the company, an independent and very thorough audit of all the possible risks involved, and much more interesting content.
Then come back here for the various opinions, for I believe difference of opinion may be allowed on here in the future.
But not deliberate misinformation nor idle chatter likely to result in the price falling.
After all who wants that when they have invested. Only people shorting stocks which you canāt do on FreeTrade
Although there is nothing stopping people investing through other platforms as well
But first stop is the prospectus which you can find through the company website, just follow the lead at the very top of this column.
GOOD LUCKš
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Why are there no heart symbols on my posts?
How can the myriad crowds that enjoy them express their pleasure?
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Hi @nemesis. You keep telling us to read the prospectus, blah blah blah. But have you actually read it yourself?
Thereās very little information out there (unlike US SPACs). So, unless you can offer up any useful insight, stop spamming this thread.
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Hi folks
Some of the posts here are getting a little combative and personal and have been flagged by forum members.
As per our forum rules, please can we keep the discussion here positive and friendly:
Thanks all,
Sam
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It was long and not really inspiring. Hopefully there will be a merger in the next futureā¦
Cool fact is that they are just down the road from meā¦
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No spam, that is advertising an outside item. I am just reiterating simple advice for beginners. Which is go and read the prospectus.
Yes I have read it. It is the starting point not just for the investors but for the company as well.
I pay the directors the courtesy of believing that they want PineApple to do well, so interpret their actions in a positive light.
Working forward from the prospectus through the various confirmed facts that have so far come out, I see them as drumming up publicity and money to further the progress of the company. Behind the scenes Iām sure they are looking at interesting companies that would be a natural fit.
Now youāve said it perhaps you should read the prospectus, itās hard going admittedly but it is what it is. I donāt understand why you fear it.
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Thatās your take on it and thatās fair enough. But my own research ā including coming across some fishy tweets from the director of the PR agency used by PNPL ā has given me doubts.
Iāve gone through it before ā not thoroughly ā and, youāre right, itās pretty boring stuff.
The problem with UK SPACs is theyāre still a bit of an anomaly. US SPACs are well reported on, so thereās plenty of easy-to-digest information on which retail investors can decide whether to invest or not.
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All I could believe it to be is through the sub sector āRisk Factorsā things are keypointed like so below but with further explanation also;
āThe Company has no operating history and no historical revenues, and there is no basis on which to
evaluate the Companyās ability to carry out its business objective of acquiring a suitable company or
business.ā
āThe Companyās business strategy and business model are dependent on the Acquisition. There can be no guarantee that the Acquisition will take place or that it will be successfulā
āBecause the Company and the Directors have not yet selected any target for the Acquisition, the
Company is currently unable to ascertain the merits or risks of a target businessā operations and
investors will be relying on the ability of the Directors to source appropriate and suitable acquisition
opportunitiesā
āThe Company may not be able to deploy the Net Proceeds for a substantial period of time, which could result in significantly lower returns on the Net Proceeds than if the Acquisition were completed
immediately following the Placingā
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Iām honestly not 100% on the legal know-how, however, this is the next thing I thought of;
VALIDITY OF PROSPECTUS
The prospectus was approved on 21 December 2020 and is valid for a period of one year from that date. The prospectus will therefore cease to be valid on 20 December 2021. Should a significant new factor occur, or material mistake or inaccuracy be identified during the validity period, the Company would be required to issue a supplement in accordance with the Prospectus Regulation Rules. After the period of validity has expired, the Company is no longer under an obligation to issue such a supplement.
Also at the start;
This document comprises a prospectus relating to Pineapple Power Corporation PLC (Company), prepared in accordance with the Prospectus Regulation Rules of the Financial Conduct Authority (FCA) made under section 73A of FSMA and approved by the FCA under section 87A of FSMA. This document has been filed with the FCA and made available to the public in accordance with Rule 3.2 of the Prospectus Regulation Rules.
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