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

To: Glenn Petersen who wrote (1723)	4/9/2008 11:23:10 AM
From: Joe S Pack	Read Replies (1) \| Respond to of 3862

Glenn, Thanks for the article. It does raise two important considerations: 1) Now SPACs can be exploited by hedge funds. Since it is possible to do naked shorting, what prevents them from driving a SPAC stock all the way down, then buy them back during panic and get it liquidated at the end rather than make a deal. It looks like easy money for those naked shorting(bear raid) vultures. There is a definite time bound to make it attractive. 2) As for Liberty Lane is concerned, just a speculation on my part that, they may try to make it as a successful ploy to be a poster child for the new structure and hence there is a possibility that this may do well. When will this be IPOed? Thanks, -J6P