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Whether it's about retirement, investments, taxes, or 401ks, Scott Hansen and Pat McLean would

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Call now at 83399 Worth. That's 83399 W-O-R-T-H.

Welcome to All-Worth's Money Matters, Scott Hanson.

Pat McLean, thanks for joining us.

Right, glad you are here

with us as we talk about financial matters and um last week pat we said we were going to talk about spacks

and we didn't talk about we did not talk about spas so um if you're new to this show it's a financial

show thank you for joining us. And we talk about money.

We've been doing this 28 years. We take phone calls and answer questions and rant about things that may or may not be of interest to you. But this SPAC thing, I remember when it...

If you've listened to the show for a while, you remember us talking about when these things were hot.

Everyone was coming out with a special purpose acquisition company.

Which is...

It's a way to skirt typical IPO rules.

So you want to raise money from the public, raise capital from the general

public. Instead of going public, which is very cumbersome and expensive, you create this special

purpose acquisition company, which is a blind pool. You put your money in. And then later,

after you put your money in, the management decides what company they're

going to buy and or what companies and or what industry by the way typically when they start the

spec the management knows exactly what company that they had their eye on so um as we we're not always right, but when these came out,

I thought, would you really invest in something that you can't see or know just based on

...