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

To: interesting man who wrote (1417)	12/11/2007 6:39:40 PM
From: jrhana	Read Replies (2) \| Respond to of 3862

That sort of SPAC warrant undervaluation tends to happen when the warrants are in the money. The warrants are not exercisable until the (reverse) merger is actually effected. That could be shortly in the case of EDA. Arbitrage could then work to eliminate the disparity. I do not know what the provisions for forced warrant redemption are for EDA. Long term EDA warrant investors certainly have nothing to complain about. Edit: These warrants may soon be forcibley redeemed/exercised: <We may redeem the outstanding warrants (including any outstanding warrants issued upon exercise of our unit purchase option): • in whole and not in part, • at a price of $.01 per warrant at any time after the warrants become exercisable, • upon a minimum of 30 days’ prior written notice of redemption, and • if, and only if, the last sales price of our common stock equals or exceeds $11.50 per share for any 20 trading days within a 30-trading day period ending three business days before we send the notice of redemption.> from page 4 of the prospectus sec.gov