Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Glenn Petersen who wrote (1816)	4/1/2009 8:56:53 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 3862

TKP merger has been approved by a small margin (70.1%). The others cash out from TKP. Tough to price it; becuase of the large amounts spent for the redemption and earlier buying out TKP shareholders, it might soon need new funds. The warrant is perhaps worth more than $1 if TKP does not really crash. at a common price of 5.85, with a volatility of 30%, 0.5%interest, the warrant is worth $1.

To: Glenn Petersen who wrote (1816)	4/1/2009 9:22:06 AM
From: RockyBalboa	Respond to of 3862

Combined entity to be known as HUGHES Telematics; Related Quotes Symbol Price Change TKP 8.78 0.00 {"s" : "tkp","k" : "c10,l10,p20,t10","o" : "","j" : ""} Ticker symbol to change to HTC NEW YORK, April 1 /PRNewswire-FirstCall/ -- Polaris Acquisition Corp. announced that late yesterday afternoon it received shareholder approval and completed its merger with HUGHES Telematics, Inc. In connection with the merger, Polaris was renamed HUGHES Telematics, Inc. In addition, the securities which historically traded on the NYSE Amex under the symbol TKP will trade under the symbol HTC. The other proposals included in Polaris' definitive proxy statement and put to a vote at the special meeting were also approved. Holders of approximately 70.1% of Polaris' shares issued in its initial public offering approved the merger, and holders of 29.9% of Polaris' shares issued in its initial public offering voted against the merger and elected to convert their shares for a pro-rata portion of Polaris' trust funds. In addition, as contemplated by the amended merger agreement between the parties, approximately $72 million was spent by Polaris and HUGHES Telematics in share purchases from then Polaris shareholders. About Hughes Telematics HUGHES Telematics (NYSE Amex: HTC) is a leader in implementing the next generation of connected services for the automobile. Centered on a core platform of safety and security offerings, the company develops and manages vehicle- and driver-centric solutions to enhance the driving and ownership experience. Headquartered in Atlanta, Ga., HUGHES Telematics offers a portfolio of consumer, manufacturer, fleet and dealer services provided through two-way connectivity to the vehicle. Networkfleet, Inc., a wholly owned subsidiary of HUGHES Telematics located in San Diego, California, offers remote vehicle diagnostics, an integrated GPS tracking and emissions monitoring system for wireless fleet vehicle management. Additional information about HUGHES Telematics can be found at www.HUGHEStelematics.com.

To: Glenn Petersen who wrote (1816)	4/7/2009 9:15:09 PM
From: RockyBalboa	Respond to of 3862

Hughes Telematics whose stock (HTC) collapsed to under 4 following the merger received a delisting letter from Nyse-Amex because of several deficiencies. It is amazing how little they cared... Because the common stock (and the units) fell so far I am pretty happy with my position as the gains from the short sale more than pay my warrants. I wonder whether HTC is worth anything at all. With Chrysler in the ropes, one of their 2 clients is doubtful. >>>>>>>>>>> HUGHES Telematics Announces Receipt of Anticipated Deficiency Letter from NYSE Amex * Monday April 6, 2009, 7:00 pm EDT ATLANTA, April 6 /PRNewswire-FirstCall/ -- HUGHES Telematics, Inc. (NYSE Amex: HTC) announced today that it had, as anticipated and previously disclosed in its supplemental proxy, received a delisting letter from the NYSE Amex on April 2, 2009 indicating that the Company was not in compliance with the public stockholder requirements of Section 102(a) of the NYSE Amex Company Guide (the "Company Guide") because the Company has fewer than 400 public stockholders. The delisting letter also indicated that the Company was not in compliance with the information submission requirements of Section 1003(d) of the Company Guide because the Company failed to submit a new listing application for the post-merger HUGHES Telematics and, therefore, failed to satisfy the NYSE Amex's initial listing standards pursuant to Section 341, which were applicable at the time of the consummation of the merger between HUGHES Telematics and Polaris Acquisition Corp. The notification from the NYSE Amex indicates that the Company has until April 9, 2009 to appeal the NYSE Amex's determination by requesting an oral hearing or a hearing based on a written submission before the NYSE Amex's Listings Qualifications Panel. The Company intends to appeal the NYSE Amex's determination as soon as practicable and no later than the April 9, 2009 deadline. There can be no assurance that the Company's appeal will be successful. About Hughes Telematics HUGHES Telematics (NYSE Amex: HTC) is a leader in implementing the next generation of connected services for the automobile. Centered on a core platform of safety and security offerings, the company develops and manages vehicle- and driver-centric solutions to enhance the driving and ownership experience. Headquartered in Atlanta, Ga., HUGHES Telematics offers a portfolio of consumer, manufacturer, fleet and dealer services provided through two-way connectivity to the vehicle. Networkfleet, Inc., a wholly owned subsidiary of HUGHES Telematics located in San Diego, Ca., offers remote vehicle diagnostics, an integrated GPS tracking and emissions monitoring system for wireless fleet vehicle management. Additional information about HUGHES Telematics can be found at www.HUGHEStelematics.com.