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Technology Stocks : Blank Check IPOs (SPACS)

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To: RockyBalboa who wrote (579)8/29/2006 11:26:30 PM
From: Glenn Petersen  Read Replies (3) of 3862
 
CMAQ had $21,533,712 in the trust account at June 30, or about $5.38 per share.

I don't think that the announcement is subject to a reversal, unless it happens tomorrow. The August 30 deadline seems to be cast in stone.

As for the warrants, they will expire worthless, which won't of course, stop people from playing with them. Is Enron still trading?

Each Warrant will entitle the holder to purchase from the Company one share of Common Stock at an exercise price of $5.00 per share commencing the later of the completion of a Business Combination with a target business or August 24, 2005.

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