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

To: Glenn Petersen who wrote (1560)	2/2/2008 6:13:52 AM
From: jrhana	Read Replies (1) \| Respond to of 3862

Actually the stock price has been doing well IMO. Yesterday there was a bid at $5.77 which did not get filled and the only offer was at $5.84. Considering the over all market instability, I believe the stock has held up nicely-a slow and steady rise. With yesterdays bid, the original $6 units are now worth $7.35, a quite impressive performance for a SPAC of ESA's present stage. I except those units will soon be higher as more details are released. Soon there should be more news, and I would hope to see the stock price go above $6. When the actual detailed audits are released, the stock price will start to move more rapidly. I know Marshall Reynolds fully expects to get the price of the ESA common above $8.50 in the fairly near future in order to force the warrant conversion. He already has plans for the money. I must say I find the ESA concept much more impressive than some of the other recent SPACs that are being discussed. I mean Drag Racing??? Post bubble Real Estate??? A new vertically integrated well managed domestic producer of natural gas with large and growing revenues and profits and centered in West Virginia seems much more impressive to me.