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Technology Stocks : Claxson Interactive Group Inc.
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To: Jack Hartmann who wrote (49)3/4/2001 7:06:36 PM
From: Glenn Petersen  Read Replies (1) of 66
 
Take a look at the chart for BTBC, a busted cash rich dot com (with approximately $2.50 per share in cash) that is doing a reverse merger with Ivax Diagnostics, a unit of Ivax Corporation. The deal was announced on November 21 but the stock did not begin to move until there was a perception that the deal was actually going to close. The preliminary proxy materials were filed in early January and the stock has inched up from $1.50 per share to $3.375. The merger is voted on tomorrow.

I'm betting that the same thing happens with LCTO. They have apparently filed an F-4, but I can't find it anywhere. When LCTO announced their results this week, they also noted that the deal is expected to close in April.

biz.yahoo.com

As announced on October 30, 2000, El Sitio has agreed to merge with Ibero American Media Partners (IAMP), a joint venture between the Cisneros Group of Companies and Hicks, Muse, Tate & Furst Incorporated, a transaction which will result in the creation of Claxson Interactive Group. The merger is expected to close in April 2001

I have not bet the house on this one, but I have accumulated a decent position. The cash rich busted dot coms are going to provide a lot of opportunities.

Okay, I am going to stop beating you over the head. :)
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