Compliment from PSPC: The Wellesley Grove Journal
Compliment from PSPC
As WGJ headed for printers just hours before the budget, there were questions whether Rishi Sunak would take the opportunity to open up the UK’s listing regime to so-called special purpose acquisition companies, or SPAC.
The “timely but poorly targeted press release of the week” award goes to adult camera website Stripchat.com, which has announced the launch of its own PSPC for the adult entertainment industry.
“The SPAC trend has taken the world by storm,” said Max Bennet of Stripchat.
“We are excited to be the first adult tech investors to consider launching a blank check company focused on this space.
“Stripchat not only brings sexy back, but we also bring sexy SPAC!”
Keep it in the family
“We just don’t think they should be looking to sell,” Slater Investments co-founder Michael Slater told The Times after national adviser AFH received a takeover offer from the US investor in Flexpoint private equity.
Slater Investments is one of the major shareholders of the company headquartered in Bromsgrove. Michael first acquired money from his father – another famous financier – at the age of 16, and hasn’t looked back since.
Jim Slater was known as the “ Godfather of Asset Stripping, ” related to the practice whereby an investor takes control of a company with the aim of selling its shares to maximize profits.
It seems Slater Junior doesn’t share his father’s vision, nor does he think any of his charges should be stripping his assets at all.
Out of context
‘A luxury item’
Gbi2 CEO Graham Bentley’s description of fund management after calculating his profit margin as a quarter more than Louis Vuitton’s.
“The corrective themes seem to be the ‘shizzle my nizzle’ right now in terms of all the rhetoric.”
Brian Belski of BMO Capital Markets broadcasts Snoop Dogg live on Bloomberg TV.
“A former ‘advisor’ said that I needed to ‘diversify’, that I had ‘a gambling addiction’ and ‘I was embarking on a Ponzi scheme’. What a fraud! I fired it and replaced it with – myself! I put my life savings in #Bitcoin. It can only go up!
An investor takes to Twitter to explain his new unadvised strategy.
Separated at birth
French director Patrice Leconte
Danny Cox of Hargreaves Lansdown