Last night, Bill Ackman tweeted 3 times. That's a lot for him, especially to tweet things so directly related to PSTH. Here's the TL;DR:

1. Tweet 1 "Done": PSTH 'longs' will be given ipo pricing on PSTH II.
2. Tweet 2 "We have the technology": We have the means to objectively determine and reward 'longs'.
3. Tweet 3: "Yes.": PSTH I will 'be announced' before PSTH II.

Then this morning, PSTH released an official press release regarding Bill Ackman's activity on twitter. Here's the operative language:

[PSTH] may provide information to the public via the Twitter account of its Chairman and CEO, Bill Ackman. Investors should follow this account for information about the Company. The following tweets were issued on that account during the evening of February 25, 2021.

Then it lists all of the tweets I tl'dr'd above (click the press release link to review them).

This might sound kind of boring but its actually insanely bullish in my estimation (some background in PR but just in the classroom).

Sometimes dipshits with twitter say stupid things and a company has to issue clarifications "mr. dipshit does not speak on behalf of this company, even though he's the CEO."

This is the opposite. They've given him the power to functionally define the legal terms of PSTH on the fly on twitter.

A few reasons why that's bullish af:

1. PSTH has a new perk now. If PSTH I is Denny's and PSTH II is Subway, that's still a good deal. It'll take some time and maybe the weekend for this to attract the news cycle but damn, he's giving out frequent shopper cards to investors. And instead of being wishy-washy about the tweet, they fucking pinky-swore on it right away.
2. The activity is highly suggestive of a Q1 PSTH announcement. BA is also now empowered to make that announcement on Twitter and have it be binding.
3. PSTH has a target, at a minimum. I feel like this is a safe inference given that if they were still scrambling to find a target, they wouldn't do so much talking about PSTH II. They're good at not talking at all and if they were currently begging Subway for a better deal, the swagger dial would be set way lower.
4. Confirmed existence of PSTH II. I mean, holy shit did this sub discover that filing? If so its kinda crazy. Consider for a second that BA knew during the 2/18 Q&A that the 1/22 filing for PSTHII was out there in the ether. He could've been ambushed and had to say admit to what the "Yes" tweet admitted said last night. To me that said they're basically ready.
5. At an absolute minimum, this is great support for the bet-on-the-jockey bull case. They trust this shit out of him to back him up with this kind of press release.
6. Finally, responding to investor and user comments on twitter that are thoughtful corrections and additions to the service the company provides...know any other companies that have made it their thing to do that? ...say it with me...

TL:DR - BA created a perk and functionally announced they are close to a deal on twitter last night and PSTH immediately backed him up = 🚀🚀🚀