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Non-Tech : Any Stock Warrants -- Ignore unavailable to you. Want to Upgrade?


To: Lhn5 who wrote (1504)10/5/2005 12:42:25 AM
From: Glenn Petersen  Respond to of 1916
 
A blank check company is a development stage company that has been formed for no specific purpose other than to complete a merger or acquisition with an operating entity, the identity of which is unknown when the company is formed. Since August 2003, 33 blank check companies have gone public, raising gross proceeds in excess of $1.7 billion.

Investors in the blank check companies are making a bet that the management groups can make a good acquisition.

Seven companies have either completed or announced deals. Details are available at:

Message 21757817

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Subject 55438