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Technology Stocks : Blank Check IPOs (SPACS)
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To: RockyBalboa who wrote (798)1/17/2007 2:07:05 PM
From: Glenn Petersen  Read Replies (1) of 3862
 
SEA is not going down. It is actually selling at a discount to its cash value. As of September 30, each share of SEA was backed up by $10.22 in cash. When the company went public, the insiders were required to kick $11,325,000 into the trust fund. I actually went back and took another look at the prospectus and made sure that my numbers are right.
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