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 (1908)	11/3/2008 10:43:36 PM
From: Chartgod	Read Replies (1) \| Respond to of 3862

Glenn'r Congrat'z on poster of [1908] lol.. [html] google.com [/html] Next to the BX, this one is "neat" to draw to ;-) jc LET [us] (out to sea), eventually on the `latest` 30-1 bank debt[.$bet], Somebody MUST quit P-TINTING BLANK CHECKS? The "hunt" for Red October Continues~! The Euro? HHmm, They tried to help.

To: Glenn Petersen who wrote (1908)	11/18/2008 4:01:48 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 3862

It has become very difficult to profit from SPACs, even a sure profit can not be realised: I managed to buy units of an ex-spac relatively cheap and checking the warrant prices it provided me some 20% advantage, initially. When the market soared a bit I was able to short the common stock at better prices thereby locking in a nice paper gain on the common alone, with the warrants to boot. Alas, the broker bought the stock position in over several days so I realised a small loss on the hedge. Now the stock is back to a level where the units are worth barely what I paid for. And there´s still no market for the units. Originally I had planned to grow the position and if the units don´t get liquid, have them split up and the common stock position flat. I can forget that now. ...

To: Glenn Petersen who wrote (1908)	10/3/2011 11:40:26 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

Heckmann (stock symbol: HEK) exits China: Heckmann Corporation Divests China Water & Drinks Press Release Source: Heckmann Corporation On Monday October 3, 2011, 5:00 am EDT PITTSBURGH--(BUSINESS WIRE)-- Heckmann Corporation (NYSE: HEK - News), a water solutions company focused on water issues, in particular, as water relates to oil and natural gas exploration and production, today announced the disposition of the current operations of its subsidiary, China Water & Drinks, Inc. (“China Water”), through the sale of nine of its 25 Chinese legal entities to Pacific Water & Drinks (HK) Group Limited (“PWD”). PWD is owned by Jon Olafsson, Co-Founder and Chairman of Icelandic Water Holdings Ltd. Heckmann received 10% of the outstanding shares of PWD in connection with the disposition. The operating entities sold were established and funded subsequent to the original acquisition of China Water in October 2008. Upon completion of this sale, Heckmann will pursue the abandonment of the remaining 16 Chinese legal entities that were part of its original acquisition of China Water. The Company expects to obtain certain tax benefits in connection with the abandonment, including net operating loss carry-forwards. The transaction closed on September 30, 2011 with no surviving representations or warranties. Heckmann will no longer have any business or operational exposure in China except its equity holding in PWD. As a result, Heckmann will record a one-time non-cash charge of approximately $25.0 million to eliminate the remaining China Water net assets and liabilities from the balance sheet in the third quarter of 2011. Chairman and Chief Executive Officer, Richard J. Heckmann stated, “With our positive view of our current core water business and the growth opportunities in the United States, we are pleased to put the China experience behind us. We are, of course, rooting for Jon's success and believe that over time our interest in PWD will reward our stockholders. The financial transaction, including the abandonment results, is an attractive solution for our Company, and allows us to focus on growing our core business domestically. We now have almost 1100 employees in the U.S., up from fewer than 30 a year ago. We believe that the water business as it relates to shale gas and shale oil production will continue to drive our growth. In addition, the customer reaction to our conversion to LNG powered vehicles, which we are now putting in service, has been very positive.” Jon Olafsson commented, “We are extremely pleased to announce our recent acquisition of China Water and Drinks. This is a central component to Pacific Water & Drinks and combined with our seasoned distribution and bottling experience will allow us to capitalize on the extraordinary opportunities that are available in the Chinese markets.” Additional details regarding the transaction can be found in Heckmann’s report on Form 8-K that will be filed with the United States Securities and Exchange Commission. About Heckmann Corporation Heckmann Corporation (NYSE: HEK - News) is a services-based company focused on total water solutions for shale or "unconventional" oil and gas exploration. The Company's water solutions for energy development segment is called Heckman Water Resources, or HWR, and includes water disposal, trucking, fluids handling, treatment and pipeline transport facilities, and water infrastructure services for oil and gas exploration and production companies. Through these operations, HWR offers an integrated and efficient full service water program for hydraulic fracturing operations. <snip> finance.yahoo.com