Hubert Senters here. Got a question from a viewer. Question is from Jim. Hi Hubert, I was just wondering what is a spac and how it works? I’ve invested in SPVs before. And spacs are basically like the retail version of that so. SPV is a Special Purpose Vehicle where you raise money for a specific purpose. And you let someone buy a group of angel investment products for you. A SPAC is basically the same thing. A SPAC definition is a Special Purpose Acquisition Company so basically it’s funds that has been raised on the market and they’re not even in business at first. So let’s say I wanted to raise couple hundred dollars for a spac. I would do that. I could do that on the open market. If I want to do it in the private market it can be called SPV, Special Purpose Vehicle. SPAC basically is the same thing. It’s the retail version on the stock market. So this is a good case like CCIV, I think they just acquired losing motors. For the most part usually when the company is acquiring a product. So let’s say the SPAC raised a hundred million dollars or $500 million their sole purposes to raise money first. And once they find a company that is currently private they can then buy it and it takes that company public so that’s basically what a SPAC is. Now, there are some really good SPACS out there and there are some really bad SPACS out there. A lot of people that just got famous name brands for just being famous are starting SPACS so you got to be careful on that stuff. So make sure that they’re actually investing in something that you may want to be a part of. But if they’re not you’re just doing it for a speculative move and you think the guy got’s a decent brand. And he’s running a SPAC and you think it’s going to go higher you can also play that side of things. Good luck. Hope it helps. See you on the next video. Hubert.