Blank Check IPOs (SPACS) Message Board

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Technology Stocks : Blank Check IPOs (SPACS)

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To: jrhana who wrote (1394)	11/28/2007 10:39:32 AM
From: jrhana	Read Replies (1) of 3862

I am unclear about one aspect of the forced warrant redemption/exercise process. SEA's key criteria again is: <and only if, the last sales price of our common stock equals or exceeds $14.25 per share for any 20 trading days within a 30 trading day period ending three business days before we send the notice of redemption.> SEA actually has met this criteria: finance.yahoo.com It just seems odd to me that these warrants could be forcible redeemed/exercised when until today they have not been exercisable. I will be curious to see when and if SEA announces that the 30 day notice period for forced redemption has begun.

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