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

To: Buckey who wrote (753)12/29/2006 10:54:42 AM
From: RockyBalboa  Read Replies (2) | Respond to of 3862
 
No good...

Looks as if warrants are just yield enhancers for the funds.

They sold like mad, and this happened well in advance of the vote.

Then... the vote failed.

Sleigh of hand?



To: Buckey who wrote (753)12/29/2006 11:02:16 AM
From: Glenn Petersen  Read Replies (1) | Respond to of 3862
 
It is obvious that the hedge fund managers have been talking to each other prior to the shareholder meetings. They know the results in advance. The huge discounts in the warrants (for those deals that have cratered) leading up to the meetings have been telegraphing the results before the actual votes have been added up and announced. It is nice to have friends.


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