Blank Check IPOs (SPACS) Message Board

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Technology Stocks : Blank Check IPOs (SPACS)

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To: jrhana who wrote (1396)	11/28/2007 11:10:29 AM
From: Glenn Petersen	Read Replies (1) of 3862

It just seems odd to me that these warrants could be forcible redeemed/exercised when until today they have not been exercisable. Actually, the warrants cannot be redeemed until after the close of a transaction. Redemption We may redeem the outstanding warrants -- in whole and not in part, -- at a price of $.01 per warrant at any time after the warrants become exercisable, All of the shipping related blank check companies have done well. You might want to take a look at Oceanaut and its warrants. This morning, the commons shares (OKN) and warrants (OKN-WT) are trading at $7.93 and $2.08, respectively. OKN has a deal pending The units were originally priced at $8.00 and the exercise price on the warrants is $6.00. See: Message 24033664 By the way, I picked up some ESA warrants a couple of weeks ago.

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