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

To: jrhana who wrote (1866)	8/8/2008 7:55:13 PM
From: Glenn Petersen	Respond to of 3862

Congratulations. The common shares closed at $5.48 today and the warrants were up $.13 to $.97, a clear sign that this is a done deal. They can call the vote earlier than the 15th. From the last press release: The Company may, at its discretion, reconvene the Meeting at an earlier date, of which notice will be given to stockholders by means of a press release.

To: jrhana who wrote (1866)	8/14/2008 4:19:04 PM
From: jrhana	Read Replies (1) \| Respond to of 3862

Very positive action in the ESA warrant stock on the day before the (hopefully) final approval meeting. The ESA insiders have just filed SEC paperwork showing purchases of around 500,000 shares. According to SEC filings, over 42% of the common shares in ESA will now be in insider hands. In addition I have no doubt that the other 1.5 million or so shares that crossed a few days ago were bought by friendly hands. That should mean that well over half of the common stock is in very strong hands. In addition at least half of the 20 million outstanding warrants are also in strong hands IMO. In other words over half of the warrants are not being held for a few cents profit but rather for a multibagger type of gain. I have the sneaking suspicion that this whole nerve wracking take-out-the-arbs dance that we recently have been observing was done with this exactly in mind: ie to make sure that a very large and controlling percentage of the company remains in strong and friendly hands. Marshall Reynolds plans for this company remain both extremely ambitious and long term with possibly a 3-5 year time frame.