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

To: Glenn Petersen who wrote (2021)	4/15/2009 2:54:02 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 3862

Glenn, I just wandered onto your thread and wanted to ask: did you make money on SPACS and do you have some methodology how you invest in them? It is clear that having flat (zero) returns was great when market was imploding, but such returns are not attractive long term - one may as well hold cash. So is there more to it? I guess one approach would be buying SPAC at discount to cash. How often is this available though and with what kind of expected returns? Thanks

To: Glenn Petersen who wrote (2021)	11/23/2009 8:45:50 PM
From: Glenn Petersen	Respond to of 3862

The status of Stoneleigh Partners Acquisition is unclear. The company terminated its registration with the SEC on August 10, 2009. According to Yahoo, the securities are supposed to be trading on the Pink Sheets under the symbols STAQ.PK, STAQW.PK and STAQU.PK, though no quotes are available. On May 29, 2009, the Company held a special meeting of shareholders at which the shareholders voted to further amend the Company’s certificate of incorporation to extend the date on which Stoneleigh’s corporate existence terminates from May 31, 2009 to December 31, 2009 and to allow the holders of shares of common stock issued in the IPO to elect to convert such shares in the IPO into their pro rata portion of the funds held in the trust account established at the time of the IPO. As a result of the approval of the conversion proposal, 25,600,412 shares of common stock were converted into cash resulting in $205.9 million being withdrawn from the trust account. Accordingly, as of June 8, 2009, there are 8,497,088 shares of common stock outstanding and $18.1 million remaining in the trust account. As the amount remaining in the trust is less than the $20.0 million minimum investment in the RFC letter of intent, the Company may seek other investors to co-invest in the transaction or alternatively amend the letter of intent to reduce the required investment. sec.gov