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


To: Saul Feinberg Jr. who wrote (1037)6/20/2007 5:44:15 PM
From: RockyBalboa  Read Replies (1) | Respond to of 3862
 
Hi,

at this time we only have a very limited sample of definite failures (I remember 4). But what was common to all those cases and hardly seen in all others was a persistent pressure on warrants which soon traded at less than a third of the intrinsic value. Of all others only 2 warrants (and a dual class package) traded cheaply and this occurred towards the yearend where prices are skewed by the tax loss selling.