SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Blank Check IPOs (SPACS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: slick pick who wrote (1102)7/17/2007 12:36:53 PM
From: Glenn Petersen  Read Replies (1) of 3862
 
The fact that the Oakmont Acquisition management felt compelled to push the vote back one more day tells me that they still needed to line up some votes. The common shares fell a bit yesterday, and at $5.61 are selling at a slight discount to the March 31, 2007 cash value of $5.74. The warrants (at $.73) are trading at a premium, which suggests that the deal will be approved.

If I had to hazard a guess, I would say that the transaction will be approved, though I would not place a bet on that guess. The market is telling us that this is a marginal deal. If the deal is approved, the common shares will probably decline. Look what happened with CRB.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News