Blank Check IPOs (SPACS) Message Board

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Technology Stocks : Blank Check IPOs (SPACS)

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To: Glenn Petersen who wrote (1805)	6/18/2008 1:02:21 PM
From: jrhana	Read Replies (3) of 3862

VTG and it's warrants are on a tear. Apparently 100% of its shares had fallen into the hands of the SPAC arb guys, but they were able to turn that over with the promotional road show: sec.gov There has been a lot of insider buying finance.yahoo.com VTG has no earning just deals and options to buy off shore rigs which they expect to lease out very profitably. After all off shore drilling is hot now. ESA only has to take out about a 25-30% SPAC arb position. ESA is a real company with real earnings and tremendous growth prospects in the natural resources/energy sector selling at an unbelievably cheap price. (Of course I am not an entirely objective observer) Fireworks to begin soon.

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