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

To: Glenn Petersen who wrote (655)	4/24/2008 4:29:36 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

Granahan McCourt Acquisition (stock symbol: [t]GHN[/t]), which raised $90 million when it went public in October 2006, has announced that it "has met the condition under its Fourth Amended and Restated Certificate of Incorporation that permits it until October 24, 2008 to complete an appropriate acquisition meeting the criteria set forth therein. The Company expects to announce a definitive agreement for a business combination shortly." Granahan McCourt Acquisition Corporation Announces Fulfillment of Condition for Six Month Extension to Complete a Business Combination Thursday April 24, 1:35 pm ET NEW YORK--(BUSINESS WIRE)--Granahan McCourt Acquisition Corporation (AMEX: GHN - News, GHN.U - News, GHN.WS - News) (the “Company”) announced today that it has met the condition under its Fourth Amended and Restated Certificate of Incorporation that permits it until October 24, 2008 to complete an appropriate acquisition meeting the criteria set forth therein. The Company expects to announce a definitive agreement for a business combination shortly. Additionally, the Company announced that in its 2006 and 2007 financial statements included in the Company’s Annual Report on Form 10-K for the period ending December 31, 2007, the auditor’s opinion contained a “going concern” qualification. According to Sections 401(h) and 610(b) of the American Stock Exchange Company Guide, the Company is required to publicly disclose that it has received an audit opinion that contains a going concern qualification. <snip> biz.yahoo.com