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

To: Glenn Petersen who wrote (1930)	12/22/2008 10:51:04 AM
From: RockyBalboa	2 Recommendations Read Replies (1) \| Respond to of 3862

There might be other orderly liquidations coming. Bernard Madoff also invested into Blank Check Companies (evidently part of his S&P 100 strategy - who knows): The latest 13F shows the following blank-check investments (there might be more who already renamed; couldnt find all). They must be sold off by the Madoff Liquidator. I would buy some of those at discount values . BERNARD L. MADOFF INVESTMENT SECURITIES LLC 13F-HR filed on 11/10/2008 TITLE OF VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMOUNT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ______________ _____ _____ ________ __________ ___ ____ __________ ________ ________________ ATLAS ACQUISITION HOLDINGS COMMON 049162100 2922 325000 SH AMERICAN COMMUNITY NEWSPAPER COMMON 02520T111 50000 SH (was Courtside) BPW ACQUISITION CORP COMMON 055637102 2047 227950 SH CHINA HOLDING ACQUISITION COMMON 16942N106 214 23700 SH CHURCHILL VENTURES LTD COMMON 17157P109 323 41350 SH COLUMBUS ACQUISITION CORP COM COMMON 198851107 160 21000 SH EMERGENCY MEDICAL SERVICES A COMMON 29100P102 407 13609 SH ENERGY INFRASTRUCTURE ACQUI COMMON 29269P109 1015 100100 SH GHL ACQUISITION CORP COMMON 36172H108 460 50000 SH HICKS ACQUISTION CO 1 INC COMMON 429086309 4489 501600 SH LIBERTY ACQUISITION HLDGS CORP COMMON 53015Y107 4316 496100 SH NTR ACQUISITION CO COMMON 629415100 3687 382087 SH OVERTURE ACQUISITION CORP-COMM COMMON G6830P100 694 76600 SH PROSPECT ACQUISTION CORP COMMON 74347T103 2195 241250 SH SPORTS PROPERTIES ACQUISTION COMMON 84920F107 3369 378500 SH TRIAN ACQUISITION I CORP COMMON 89582E108 4720 533300 SH UNION STREET ACQUISITION CORP COMMON 908536105 1604 204300 SH VICTORY ACQUISITION CORP COMMON 92644D100 561 59000 SH

To: Glenn Petersen who wrote (1930)	4/28/2009 11:21:40 PM
From: Glenn Petersen	Respond to of 3862

American Community Newspapers, which last traded at $.0125 on the Pink Sheets, has filed for Chapter 11 protection: American Community Newspapers LLC Voluntarily Files Petition for Reorganization On Tuesday April 28, 2009, 5:30 pm EDT - No Impact on Day to Day Operations: Newspapers and Web Sites to Continue Serving Their Local Communities - DALLAS, April 28 /PRNewswire-FirstCall/ -- American Community Newspapers Inc. (Pink Sheets: ACNI - News) today announced that its subsidiary operating company American Community Newspapers LLC ("ACN" or the "Company") has voluntarily filed petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. ACN will continue to operate its businesses during the reorganization process. There will be no change in the Company's day to day operating activity and its newspapers will continue to serve their local communities, readers and advertisers without interruption. ACN's secured creditors will be providing a $5 million debtor in possession credit facility. In addition, the secured creditors are the contemplated stalking horse bidder for ACN's assets. "A difficult economic environment and weak advertising market have created a number of challenges for our industry and our company," said Gene Carr, Chairman and Chief Executive Officer of ACN. "While we have proactively managed our business by right sizing our cost structure and driving efficiencies to maximizing our cash flows our operations are not able to support our current capital structure. As a result we intend to reorganize via the 363 sale process with continuing support from our lenders which, if approved, will reduce our debt. This will place us in a better position to execute on our business plan and serve our communities. We worked with our financial advisors to explore a wide range of alternatives before making this filing, however the decision to proceed with the reorganization was determined to be the best alternative." Mr. Carr concluded, "The community newspaper business model places us in the unique position to deliver truly local content and be the mainstay of the markets we serve. The value we provide has been recognized many times over the years with our employees, newspapers, Web sites and niche publications winning numerous awards. Our readers and advertisers are our most important assets and we are committed to providing them with outstanding service in the months and years ahead." About American Community Newspapers ACN is a community newspaper publisher in the United States, operating within four major U.S. markets: Minneapolis - St. Paul; Dallas; Northern Virginia (suburban Washington, D.C.); and Columbus, Ohio. These markets are some of the most affluent, high growth markets in the United States, with ACN strategically positioned in many of the wealthiest counties within each market. ACN's goal is to be the preeminent provider of local content and advertising in any market it serves. <snip> finance.yahoo.com