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

To: Carl Worth who wrote (569)8/15/2006 11:14:12 PM
From: Glenn Petersen  Read Replies (1) | Respond to of 3862
 
The Terra Nova transaction does look attractive. $.43 per warrant is not a lot of risk. TNVA filed an 8-K today with some interesting disclosures:

sec.gov

You're welcome. I have another seven or eight new filings to post. These things are sprouting like weeds.



To: Carl Worth who wrote (569)8/16/2006 7:19:26 PM
From: eik  Read Replies (1) | Respond to of 3862
 
Unless I don't understand this correctly (which is possible): the warrants are traded above IPO price now:
unit = share + 2 warrants = 5.33 +2*0.33 = $6 - IPO price.
They maybe cheap, but there are even cheaper blank check warrants, that are traded below IPO price. Like PGRIW, for example.

Please, correct me if I am wrong.


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