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Technology Stocks : Blank Check IPOs (SPACS)

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To: a128 who wrote (942)5/22/2007 2:54:43 PM
From: jayrao  Read Replies (1) of 3862
 
It looks like Seth Klarman, who is one of the renowned value investors of all time is buying lot of blank check companies.
Out of all this what interests me is the fact that he owns the shares of Marathon Acquisition Corp. See link.

nasdaq.com

What is surprising is he owns close to 5% of the portfolio. Sounds like he is pretty confident of this bet. If that is the case,I have a feeling that buying the warrants will be leveraged way to increase the returns.

Anyone has any information on this company?
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