spac that we have to understand to understand what has happened maybe first walk me through that. >> well always remember any time people with a lot of power, a lot of money have an acronym it's because they are trying to hide something that is simple in concept and potential scammy in an out come. it's a special purpose acquisition company. all it is is a way of raising money without having to do a lot of disclosure. historically, wall street has taken companies public on the premise that they are inviting outside investors to give them money to fund operations in exchange they are providing transparency. they are an operating history that would suggest the expertise that merits giving them your money as well as some financial outcomes in the financial statements. a proven financial track record as well. the ipo process, initial public
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