Blank Check IPOs (SPACS) Message Board

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Technology Stocks : Blank Check IPOs (SPACS)

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To: thwerth who wrote (1696)	4/3/2008 5:40:02 AM
From: Glenn Petersen	Read Replies (1) of 3862

thwerth, Most of the SPACs have taken a hit along with the general market. When I updated my schedules, I was surprised to see that they have actually out performed the general market. I think that the future SPACs will follow Goldman's lead and reduce the amount of shares given to the founders. Also, about a year ago the SPACs going public started raising the percentage of shareholders that could block a transaction from 20% to as high as 40%. That should increase the number of deals that get approved, which is not necessarily a good thing. A bad deal is still a bad deal. Global Ship Lease made an attempt to go public in November 2007. The prospectus can be found here: sec.gov Shipping companies have done relatively well over the last several years. The fact that Global Ship Lease was IPO-ready should make it easier to complete the proxy materials. Regards, Glenn

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