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

To: RockyBalboa who wrote (1587)	2/9/2008 11:02:16 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

Most of the blank check companies currently in registration are going to find it easier to get shareholder approval for their prospective acquisitions. Whereas previously a 20% block of shares could kill an acquisition, the blank check companies that have recently filed registration statements have raised their conversion thresholds to either 30% or 40%. Needless to say, this development will reduce the influence of individual hedge funds. This new twist to the blank check template started sometime before the 1st of December of last year. I went back and looked at all of the registration statements for the companies that filed after that date. Without exception, the conversion thresholds are greater than 20%. JWL Partners Acquisition Corp.: 40% Apple Creek Acquisition Corp.: 30% Corporate Acquirers, Inc.: 30% K Road Acquisition Corp.: 40% KBL Acquisition Corp. IV: 30% Open Acquisition Corp.: 40% China Ascendance Acquisition Corp.: 35% Opportunity Acquisition Corp.: 30% Mistral Acquisition Company: 40% Greenstreet Acquisition Corp.: 30% Grail Investment Corp.: 30% New Asia Partners China I Corp: 33 1/3% China Evergreen Acquisition Corp.: 30% First Class Navigation Corp.: 30% ASM Acquisition Corp.: 30% RAI Acquisition Corp.: 30% China Energy Partners, Inc: 30% Aldabra 4 Acquisition Corp.: 40% Aldabra 3 Acquisition Corp.: 40% Raycliff Acquisition Corp.: 30% Consumer Partners Acquisition Corp.: 30% China Pacific Acquisition Corp.: 30% North Asia Investment Corp.: 35% Performance Acquisition Corp.: 30% Dellacorte Acquisition Corp.: 30% Grand Slam Acquisition Corp.: 30% Endeavour International Acquisition Corp.: 30% Wattles Acquisition Corp.: 30% Green Energy Acquisition Corp.: 30% FIG Acquisition Corp.: 30% Cherry Tree Acquisition Corp.: 30% China Mining Resources Holdings, Ltd.: 40% National Resources Energy Acquisition Co.: 30% Lank Acquisition Corp.: 30% MAFS Acquisition Corp.: 33 1/3% MVC Acquisition Corp.: 33 1/3%