SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Blank Check IPOs (SPACS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: jrhana10/6/2007 12:08:23 PM
  Read Replies (1) of 3862
 
I just spoke to Marshall Reynolds of ESA.

I told him that I was probably the second largest individual (ie non-institutional) holder of the warrants and he told me that we are both going to make a lot of money.

He stated emphatically that everything was fine, that there are no problems of any kind, and that all of the companies to be acquired are in excellent and improving shape.

He said that there are absolutely no difficulties with the agreements that they have signed and that it is all just sitting on the desk of some low level SEC functionary. He has no doubts as to its approval, and that he thinks it will be soon.

I asked him about possible short selling of the warrants and he said that it might be possible that he was personally unaware of any short selling of the ESA warrants.

I asked him if he had any doubts about reaching the 80% approval vote needed, and he said no not at all. He said the institutions who bought into the deal were not interested in a small percentage gain but rather in a large multiple gain (ie in the 300-400% range).

I asked him about the phenomenon of institutions buying shares, shorting the warrants and then voting down the agreement. He said that he was aware pf the possibility, but that they took great pains to keep the IPO out of the hands of those kinds of "unethical bastards".

I firmly believe that ESA warrants continue to represent a compelling buy.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News