Thoughts on the PSYK ETF $10 issue price?

Just received an email from NEO on PSYK - will be emailing subs tonight - provides context to how it will work tomorrow.

Mat

Just received an email from NEO on PSYK - will be emailing subs tonight - provides context to how it will work tomorrow.

Mat

Hi there,

We've provided our thoughts on it to date - both myself and Dan are looking to take position tomorrow but since we don't know NAV or anything, hard to really tell where this will go. We know what the holdings will be, but don't know the weightings.

This will certainly be a high risk proposition tomorrow. The ETF is littered with speculative plays and supported by a few major players but the psychedilic industry is years away from generating meaningful revenue. So this will be very much a speculative play and we urge investors to proceed with caution here.

We expect strong demand, so it is likely to open above $10 - at least that is my best guesstimate.

Mat

Hi there,

We've provided our thoughts on it to date - both myself and Dan are looking to take position tomorrow but since we don't know NAV or anything, hard to really tell where this will go. We know what the holdings will be, but don't know the weightings.

This will certainly be a high risk proposition tomorrow. The ETF is littered with speculative plays and supported by a few major players but the psychedilic industry is years away from generating meaningful revenue. So this will be very much a speculative play and we urge investors to proceed with caution here.

We expect strong demand, so it is likely to open above $10 - at least that is my best guesstimate.

Mat