Does anyone have stronger evidence or any more information on this? I’ve seen 2 articles regarding this information but no more.
Ok gotcha. I assumed as much but I couldn’t find anything regarding pineapple energy. Thank you
Hi, can anyone help, I have 71 shares in pineapple power, everytime I go to sell them it is rejected? Any ideas?
Isn’t it a SPAC? I thought you couldn’t sell them until they had converted over (I forget the terminology), there’s a dedicated topic for it.
Thank you
Thank you for your reply
There’s already a pineapple power thread. Are any admins able to merge this one?
On the topic though, yes currently I think UK spac’s aren’t able to be traded once a target acquisition or merger is announced but the UK government are making amendments to make spac’s easier to list and trade in the way they are in the US. As far as Im aware though, I haven’t heard of a particular target announcement yet so I think you’re probably suffering from market volatility.
If you’re a plus account holder then definitely limit orders would be good for you here.
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Thank you so much for the advice, I am a plus member so must be the market atm, thanks for all the advice everyone, much appreciated
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Would you guys recommend investing in this?
I have a small position in PNPL - it’s purely speculative, so in my view not worth a large position. Their communication is very poor, not much clear indication of what they’re working on at the moment. But, the price is comparatively cheap at the moment compared to where it was at the peak of its hype.
Invest what you’re willing to lose in this, and nothing more, would be my opinion.
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Right, thanks for the advice.
I may hold off for now.
This is a SPAC, so they act a little differently. In the UK once a SPAC has decided on an acquisition, the actual shares stop and can’t be traded until all paperwork is completed. It is purely speculative, but you won’t see much day to day as once they tell us that they are acquiring/merging, trading stops so that the market can’t be manipulated. In the US its the wild west with SPAC’s though. I believe that they have 24 months once the shares are offered to complete a merger. This is my understanding, DYOR etc etc.
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I was in this and made a small profit purely volume movement did that, but I pulled out when I found out about the uk SPAC rules you just raised.
So for that reason I’m out of any uk SPAC plays.
I try to only have 2 SPAC in my portfolio at one time. Ajax 1 are my only SPAC currently.
Jumped the gun and bought in at £0.11 like the champ I am, but honestly this could go anywhere so I don’t mind.
Does anyone know what happens if Pineapple fail to find a suitable company?
The money is returned. But the initial price, so everyone here would probably lose money since they paid a massive premium.
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So does that mean if they don’t find a venture then they pay back the shares at the £0325 that is the first price on the screen and not the price you paid?
Kinda makes sense but does make it a bit less appealing as @Tron27 mentioned above 
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Of course 
If they raise £1000 but the price goes up to £1 000 000 000, where should the company get the difference from to pay it back? Otherwise this would be an infinite money cheat code.
That’s why I was always warning on here that people just buy into a pile of cash with management fees for more money than is in the pile. You very literally exchange e.g. 5£ and get £1. Madness.
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If that’s the case, doesn’t it make sense to buy the shares when they drop under 0325? Then if they fail to acquire, you’re making a profit no?
I’m not commenting on the exact price because I don’t know at what price it was raised. But yeah, basically. If the price falls below the raise dicounted with time-adjusted management costs and risk-free rate. But that shouldn’t happen, because that would be a big market inefficiency swiftly abused by arbitrageurs.
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