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

To: Glenn Petersen who wrote (1971)	2/10/2009 7:32:55 AM
From: Glenn Petersen	Respond to of 3862

On January 9,2009, Dekania Corp. (stock symbol: [t]DEK[/t] (<span style='font-size:11px'>LAST</span>: 9.99<span style='font-size:11px'> 12/31/1969 7:00:00 PM</span>) ) announced that it had signed a non-binding letter of intent to acquire BlueCreek Energy, Inc. On January 22, 2009, the company filed a definitive proxy statement that included a provision for shareholder approval of a resolution that would have given the company until August 31, 2009 to complete the acquisition of BlueCreek Energy, Inc. idea.sec.gov The shareholders have rejected the company's request and have voted to liquidate and dissolve the company. Dekania Corp. Announces Stockholder Approval of its Dissolution and Liquidation Monday February 9, 2009, 7:13 pm EST PHILADELPHIA, Feb. 9 /PRNewswire-FirstCall/ -- Dekania Corp. (NYSE Alternext US: DEK; DEK.WS; DEK.U) (the "Company") announced today that its stockholders voted to approve the dissolution of the Company and its proposed plan of liquidation, as presented in the Company's proxy statement dated January 22, 2009, at the special meeting of stockholders held on February 6, 2009. The Company intends to file its Certificate of Dissolution with the Secretary of State of the State of Delaware as soon as practicable. Following the dissolution, and pursuant to the plan of liquidation, the Company's securities will be delisted from NYSE Alternext US and it will deregister its securities from the Securities and Exchange Commission. As a result, the Company will no longer be a public reporting company. Pursuant to the Company's Amended and Restated Certificate of Incorporation, the Company will distribute the funds in the trust account established as part of its initial public offering ("IPO") to the holders of shares of common stock sold in the IPO. The dissolution process will take time and management cannot currently determine when it will commence distribution of the funds in the Company's trust account. The Company will subsequently announce the record date for determining the shareholders entitled to receive liquidating distributions. No payments will be made in respect of the Company's outstanding warrants or to any of the Company's initial stockholders with respect to the shares owned by them prior to the IPO. <snip> biz.yahoo.com