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Technology Stocks : Blank Check IPOs (SPACS)
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To: Carl Worth who wrote (569)8/16/2006 7:19:26 PM
From: eik  Read Replies (1) of 3862
 
Unless I don't understand this correctly (which is possible): the warrants are traded above IPO price now:
unit = share + 2 warrants = 5.33 +2*0.33 = $6 - IPO price.
They maybe cheap, but there are even cheaper blank check warrants, that are traded below IPO price. Like PGRIW, for example.

Please, correct me if I am wrong.
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