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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (178)	7/4/2005 6:44:34 PM
From: SG	Respond to of 3862

Maybe so but...do they have much to lose if a deal doesn't happen? SG

To: Elroy who wrote (178)	7/6/2005 8:31:26 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

I would not be surprised if some of the companies had specific acquisition targets in mind prior to completing their IPOs, though I have not read that disclosure in any of the filings. Having cash in escrow has probably done wonders for their deal flow. Why not take your time and wait for the right deal? Four companies need to complete an acquisition this year, or at least execute a letter of intent, which would then trigger a 6-month extension of their 18-month deadline. CEA Acquisition (CEAC) needs to ink a deal by August 19, Great Wall Acquisition (GWAQ) by September 23, Tremisis Energy by November 18, and Arpeggio Acquisition by December 31. Chardan China Acquisition had a September 22 deadline, which has now been extended to March 22, 2006.