Blank Check IPOs (SPACS) Message Board

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Technology Stocks : Blank Check IPOs (SPACS)

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To: Glenn Petersen who wrote (73)	3/17/2005 11:18:45 PM
From: Danny43b	of 3862

Glenn: Thanks for the advice ... I have to essentially forget quotational gains/losses on this investment for a maximum of 18 months. Also, the amount that is put into the trust and paid out if no deal is consummated, is less than what you may have paid during an IPO. For example for most of these units, the amount that you would have paid during the IPO was $6.00 for 2 warrants and 1 share of common stock. If no deal occurs then all you get is $5.20, if I am doing the math correctly. So if you invest in warrants at $0.40, and they expire worthless, you are no worse off than the IPO participant who may have purchased the units for $6.00. Regards, Danny

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