Yep, easier for a crooked management team to go public

But there are some good management teams getting caught up in the SPAC selloff of the last two years. Some were legitimately overpriced in the exuberance of free money and are trading pretty close to fair value now. Some are undervalued relative to their balance sheets similar to what IAND75 mentioned about his son's company.

Personally, I'm a big fan of Aurora Technology. They are developing an autonomous driver focused on going to market initially with freight transportation. Their leadership and engineering teams are the best you'll find in autonomous driving outside of Waymo. They were ridiculously cheap a year ago. They are only kind of cheap now. If, and a big if, they hit their end of year commercialization target then they'll be trading back at their "IPO" valuation of roughly $10b. Their price won't be at quite their IPO level because of subsequent dilution. Long-term they are a $100b to $1T market cap opportunity --- or $0 --- no in-between. Actually, $0 is an exaggeration. My bet is their floor is pretty close to their current market cap because their team and technology and IP would warrant a $5b offer from UPS, FedEx, Amazon, or one of the semi-truck manufacturers.