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Technology Stocks : Blank Check IPOs (SPACS)
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To: richardred who wrote (1082)7/4/2007 10:30:33 AM
From: Glenn Petersen  Read Replies (2) of 3862
 
Kapstone is right in your wheelhouse. Let us know when you pull the trigger.

Roger Stone, the CEO and Chairman, is on record that the acquisition of the IP assets was a "first step." On two previous occasions he has built up companies and sold them off.

Stone, particularly when he ran Stone Container, was a relatively high profile figure in the Chicago metropolitan area. I was surprised that the Stone Arcade IPO and the subsequent acquisition attracted only a minimal amount of local coverage. As a group, the blank check companies have not attracted a lot of coverage in the main stream media, even though the last four years have seen 112 IPOs which have raised over $10 billion.
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