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

To: Glenn Petersen who wrote (1237)	10/7/2007 11:44:38 AM
From: jrhana	Read Replies (2) \| Respond to of 3862

To my intuitive eye at least, "Sports" is one industry we have that is continually thriving. Fascination with our professional sports leagues seems to be spreading world wide. The Miami Dolphins are playing in London soon. Dwayne Wade jerseys are selling like hot cakes internationally. Etc Etc Etc. usatoday.com Sports seems to be a nearly recession proof high growth industry. They do seem to have an all star list of insiders-FWIW. Might be entertaining to have a little of that one.

To: Glenn Petersen who wrote (1237)	1/18/2008 11:43:07 AM
From: Glenn Petersen	Read Replies (3) \| Respond to of 3862

Sports Properties Acquisition Corp. completed its IPO on January 18, 2008, selling 20,000,000 units at $10.00 per unit. The gross proceeds totaled $200 million, in line with the amount that the company was looking to raise when it filed its initial S-1 on September 27, 2007. A total of $200,000,000, equal to $10.00 per common share, has been placed into an escrow account. This balance includes $8,625,000 deferred by the underwriters, which will be paid when the company completes an acquisition, and $6,000,000 from the sale of warrants and units to certain of the insiders. In the event that the company is liquidated, neither the underwriter nor the insiders will receive any of the funds placed into the escrow account. Up to $2.25 million of interest earned on the trust fund balance can be used to fund expenses related to investigating and selecting a target business and other working capital requirements. Each unit consists of one share of common stock and a warrant to purchase one additional share at $7.00 per share. Warrant terms: Each warrant will become exercisable on the later of the completion of a business combination with a target business and January 17, 2009. The warrants will expire at 5:00 p.m., New York City time, on January 17, 2012, or earlier upon redemption. Sports Properties Acquisition Corp. is going to be focusing its acquisition efforts in the sports, leisure and entertainment industries. The securities are listed on the American Stock Exchange. The units (HMR-U) are trading at $9.96 today. The common shares (HMR) and warrants (HMR-WT) are not yet trading. The final prospectus: sec.gov