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

To: TheSlowLane who wrote (1286)	11/7/2007 7:28:19 AM
From: jrhana	Respond to of 3862

Hopefully before Christmas. From what I understand is that part of their deal is a purchase of small division of a larger company. They had (understandably) thought that it would be sufficient just to audit that small piece, but that the SEC for some reason insisted on a detailed audit of the entire company even though ESA was only purchasing a small division of it. From what I understand basically we are just waiting for that one additional audit. These companies are privately held so they are not used to undergoing SEC audits-so the whole process has been extremely complex and time consuming. Although the exact identity of the companies to be purchased remains shrouded in mystery, a good guess for one of them would have to be CJ Hughes. <Edsel R. Burns has been a Director since our inception. Mr. Burns has been President and Chief Executive officer of C. J. Hughes Construction Company, Inc. from September of 2002 to the present. C J Hughes is a underground utility construction company specializing in gas and water line replacement as well as utility environmental issues.> Message 22340231 cjhughes.com cjhughes.com