✅ Churchill Capital Corp. III (CCXX)

“MultiPlan’s platform is used by insurance companies such as UnitedHealth Group Inc.  and Cigna Corp.  to find cost savings in health-care claims. MultiPlan estimates its algorithms find nearly $20 billion in medical cost savings annually. It takes a percentage of those savings as revenue, typically between 5 cents and 13 cents on the dollar”

MarketWatch - https://on.mktw.net/2WafiWI

Sounds like a albertsons or Warner Bro ipo…

Management cashing out of a stalling business with little growth prospects and crippling the company by taking the ipo company as cash out.

Buyer be Aware. This thing is danagous

Interesting :thinking: if it turns out to be like that, what a waste of a SPAC lol :joy: the only benefit, is for existing investors as you say and for retail investors is short term ie bought in a few weeks, months ago and sell up post merger or even today after stocks rise (if they do).

United Health is a big player in Health Insurance, interesting to see in what capacity they use Multiplan.

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Well it turned out to be a bit of a stinker or do you think it will recover . I bought 45 shares at $ 9 .17 .

They all recover in time. Just all about how long you want/plan to hold it for.