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ALL SYSTEMS GO!!!
eom
scorp's
lol...more shenanigans as we draw closer
Haz Holdings, Inc. (PN) (HAZH)
$ 0.0006 ? 0.0003 (100.00%)
Volume: 1,000
Nope. As I have said before..Nov 14-17 is looming HUGE.
Really HUGE.
eom
scorp's
Shorty continues their need to restore the books.
More signals...
000415 ? -0.000285 (-40.71%)
Volume: 155
LOL...the 'nabobs' know no shame.
eom
scorp's
I can do anything I want.
I'm ((((((((scorpio))))))))
eom
scorp's
You're probably right.
I just like to imply to the 'nabobs' that at least I won't be having anything to do with rectifying their problem.
I'm sure they already know that but I can't resist unsettling them anyways.
eom
scorp's
I might sell 10% of my position around a buck.
The rest I'll will to my heirs.
eom
scorp's
GO BKMP
YESSSSSSS!!!
eom
scorp's
Moderators: EarnestDD, bearluver
Anybody noticing who has 'left the building'?
Trust me. Something big is in the works.
How big?
mmm hmmm...REALLY REALLY BIG!!!
eom
scorp's
THIRTY TWO MILLION SHARES TO DA MOON!!!
eom
scorp's
Because I have no other choice LOL
When you do have a choice I think you should mortgage the farm and double down.
LOL
eom
scorp's
Oh no something big is going to happen
ROFLMAO....when the time comes the 'nabobs' have a vested interest in seeing you sell early and often.
While I could explain why it would be summarily and wordlessly deleted.
Till then just have yourself a good laugh watching the spectacle they create unfold.
jmo
scorp's
ROFLMAO....2007 ???. AND WHAT YEAR IS THIS NOW ???
In 2005 Winick was among six people who helped launch The Fight Network. He left the cable channel — which features boxing and mixed martial arts — in late 2007.
Gee...I wonder if The Fight Network has their financials in order by now for SEC international convergence conpliancy?
Should prove interesting.
eom
scorp's
Probably in the next few days.
eom
scorp's
HAZ Holding S.A. was incorporated in 2007 and is based in Luxembourg.
Something big is brewing.
Really really big!
I think you're now starting to understand the urgency of the 'BKMP Project'.
eom
scorp's
http://brobible.com/sports/article/mitch-callahan-injury-face/
I got a link so I believe you about taking one to the head.
How are you coming with that mugshot for Mr Winnick?
eom
scorp's
Any investment decisions should be based on your own due diligence and decision. You are solely responsible for your choices to buy or sell. This is a disclaimer and in no way holds the moderators legally liable for your investments.
But if you wanna thank 'scorp's' properly feel free to reward me generously within your means.
eom
scorp's
I caught Aaron Boone's homer in game 7 playoffs.
eom
scorp's
near Dallas
Do you know that 'Leatherface' guy or 'J.R.'?
eom
scorp's
A: I promise to take a vacation. No threat mentioned or implied
Do you need a room to stay?
I wanna party with you.
eom
scorp's
Tell me what entity lists themselves as being managed by 'GT Contracting LLC'.
And why would GT Contracting LLC have been recently incorporated in Michigan and Nevada.
No shares issued.
and
why is Lazarus-Kelman of Memphis filing Form F with the SEC?
...and are you ok with what looks like eight years of Hillary
shaping up?
eom
scorp's
Were you able to check out the Nevada SOS site?
eom
scorp's
It's still good in my book until then.
Grab my hand and hold on tightly Captain.
I'll get you through this whole process.
eom
scorp's
Foghat has plenty of shares.
I hope this 'Foghat' you speak of has real shares.
How bout yourself?
Are your shares those 'necked shares'?
Fake?
Any air shares?
Counterfeit?
Ba ba?
Stinky poo?
eom
scorp's
I assume you must not have wanted me to keep you informed.
lol....go figure.
eom
scorp's
Phil says...
Between the second and third week in November now.
Good luck everybody.
eom
scorp's
I could tell you....but...well... you know how that goes.
Suffice to say... we're all gonna be rich!
Rich I tell you!!
Now go check out the Nevada SOS site and tell me what's new.
You once asked me to do the same.
The rest as we say...is history.
eom
scorp's
Important reading for your understanding
Special-purpose acquisition company
From Wikipedia, the free encyclopedia
Jump to: navigation, search
This article possibly contains original research. Please improve it by verifying the claims made and adding inline citations. Statements consisting only of original research should be removed. (January 2008) (Learn how and when to remove this template message)
A special purpose acquisition company (SPAC) is a collective investment structure that allows public stock market investors to invest in private equity type transactions, particularly leveraged buyouts. SPACs are shell or blank-check companies that have no operations but go public with the intention of merging with or acquiring a company with the proceeds of the SPAC's initial public offering (IPO).
Contents [hide]
1 Characteristics 1.1 Offerings
1.2 Governance
1.3 Management
1.4 SPACs in Europe
1.5 SPACs in emerging markets
2 History
3 SPACs and reverse mergers
4 Regulation
5 Advantages
6 Disadvantages
7 Statistics
8 See also
9 References
Characteristics[edit]
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (July 2008) (Learn how and when to remove this template message)
Offerings[edit]
SPACs were traditionally sold via an initial public offering (IPO) in $6 units consisting of one common share and two "in the money" warrants to purchase common shares at $5 a common share at a future date usually within four years of the offering. Today, SPAC offerings are more commonly sold in $8–10 units which consist of one common share and one warrant. SPACs trade as units and/or as separate common shares and warrants on the OTC Bulletin Board, American Stock Exchange, and the Nasdaq and New York Stock Exchange (as of 2008) once the public offering has been declared effective by the U.S. Securities and Exchange Commission (SEC), distinguishing the SPAC from a blank check company formed under SEC Rule 419. Trading liquidity of the SPAC's securities provide investors with a flexible exit strategy. In addition, the public currency enhances the position of the SPAC when negotiating a business combination with a potential merger or acquisition target. The common share price must be added to the trading price of the warrants to get an accurate picture of the SPAC's performance.
By market convention, 85% to 100% of the proceeds raised in the IPO for the SPAC are held in trust to be used at a later date for the merger or acquisition. Today, the percentage of gross proceeds held in trust pending consummation of a business combination has increased to 98% to 100%.
The SPAC must sign a letter of intent for a merger or an acquisition within 18 to 24 months of the IPO. Otherwise it will be forced to dissolve and return the assets held in the trust to the public stockholders. However, if a letter of intent is signed within 18 to 21 months, the SPAC can close the transaction within 24 months. Today, SPACs are incorporated with 24-month limited life charters that require the SPAC to automatically dissolve should it be unsuccessful in merging with or acquiring a target prior to the second anniversary of its offering.
In addition, the target of the acquisition must have a fair market value that is equal to at least 80% of the SPAC’s net assets at the time of acquisition. Previous SPAC structures required a positive shareholder vote by 80% of the SPAC's public shareholders in order for the transaction to be consummated. However, current SPAC provisions do not require a shareholder vote for the transaction to be consummated unless as follows:
Type of transaction & Shareholder approved required
Purchase of assets..........................................................................................No
Purchase of stock of target not involving a merger with the company..........No
Merger of target with a subsidiary of the company.......................................No
Merger of the company with a target............................................................Yes
Governance[edit]
In order to allow stockholders of the SPAC to make an informed decision on whether or not they wish to approve the business combination, full disclosure of the target business, including complete audited financials for it, and terms of the proposed business combination via an SEC merger proxy statement is provided to all stockholders. All common share stockholders of the SPAC are granted voting rights at a shareholder meeting to approve or reject the proposed business combination. A number of SPACs have also been placed on the London Stock Exchange AIM exchange; these SPACs do not have the aforementioned voting thresholds.
As a result of the voting and conversion rights held by SPAC shareholders, only well-received transactions are typically approved by the shareholders. When a deal is proposed, a shareholder has three options. The shareholder can approve the transaction by voting in favor of it, elect to sell their shares in the open market, or vote against the transaction and redeem their shares for a pro-rata share of the trust account. (This is significantly different from the blind pool - blank check companies of the 1980s, which were a form of limited partnership that did not specify what investment opportunities the company plans to pursue.) The assets of the trust are only released if a business combination is approved by the voting shareholders, or a business combination is not consummated within 24 months of the initial offering. This guarantees a minimum liquidation value per share in the event that a business combination is not effected.
Management[edit]
The SPAC is usually led by an experienced management team composed of three or more members with prior private equity, mergers and acquisitions and/or operating experience. The management team of a SPAC typically receives 20% of the equity in the vehicle at the time of offering, exclusive of the value of the warrants. The equity is usually held in escrow for 2–3 years and management normally agrees to purchase warrants or units from the company in a private placement immediately prior to the offering. The proceeds from this sponsor investment (usually equal to between 3% to 5% of the amount being raised in the public offering) are placed in the trust and distributed to public stockholders in the event of liquidation.
No salaries, finder's fees or other cash compensation are paid to the management team prior to the business combination and the management team does not participate in a liquidating distribution if it fails to consummate a successful business combination. In many cases, management teams agrees to pay for the expenses in excess of the trusts if there is a liquidation of the SPAC because no target has been found. Conflicts of interest are minimized within the SPAC structure because all management teams agree to offer suitable prospective target businesses to the SPAC before any other acquisition fund, subject to pre-existing fudiciary duties. The SPAC is further prohibited from consummating a business combination with any entity which is affiliated with an insider, unless a fairness opinion from an independent investment banking firm states that the combination is fair to the shareholders.
SPACs in Europe[edit]
In July 2007, Pan-European Hotel Acquisition Company N.V. was the first SPAC offering listed on the Euronext Amsterdam exchange, raising approximately €100 million. That listing on NYSE Euronext (Amsterdam) was followed by Liberty International Acquisition Company, raising €600 mln in January 2008. Liberty is the third largest SPAC in the world and the largest outside the U.S.A.
SPACs in emerging markets[edit]
Emerging market focused SPACs, particularly those seeking to consummate a business combination in China, have been incorporating a 30/36 month timeline to account for the additional time that it has taken previous similar entities to successfully close their business combinations.
History[edit]
History of private equity
and venture capital
Early history
(Origins of modern private equity)
The 1980s
(Leveraged buyout boom)
The 1990s
(Leveraged buyout and the venture capital bubble)
The 2000s
(Dot-com bubble to the credit crunch)
v ·
t ·
e
Since the 1990s, SPACs have existed in the technology, healthcare, logistics, media, retail and telecommunications industries after investment bank, GKN Securities, specifically founders David Nussbaum, Roger Gladstone and Robert Gladstone, who later founded EarlyBirdCapital with Steve Levine and David Miller, currently managing partner of Graubard Miller law firm who developed the template. However, since 2003, when SPACs experienced their most recent resurgence, SPAC public offerings have sprung up in a myriad of industries such as the public sector, mainly looking to consummate deals in homeland security and government contracting markets, consumer goods, energy, energy & construction, financial services, services, media, sports & entertainment and in high growth emerging markets such as China and India.
In 2003, the lack of opportunities for mid-market public investors to "back" experienced managers combined with the trend of upsizing private equity funds pushed entrepreneurs to directly seek alternative means of securing equity capital and growth financing. At the same time, the rapid growth of hedge funds and assets under management and the lack of compelling returns available in traditional asset classes led institutional investors to popularize the SPAC structure given its relatively attractive risk reward profile. SEC governance of the SPAC structure and the increased involvement of the bulge bracket investment banking firms such as Citigroup, Merrill Lynch and Deutsche Bank has further served to legitimize this product and perhaps a greater sense that this technique will be useful over the long term.
SPACs are forming in many different industries and are also being used for companies that wish to go public but otherwise cannot. They are also used in areas where financing is scarce. Some SPACs go public with a target industry in mind while others do not have preset criteria. With SPACs, investors are betting on management’s ability to succeed. SPACs compete directly with the private equity groups and strategic buyers for acquisition candidates. The tightening of competition between these three groups could result in a bid for the best company and possibly increase valuations.
SPAC IPOs have seen resurgent interest in 2014-2015 when over $5 billion in capital was raised. In 2015, over 20 SPAC IPOs were consummated (US$ million):
Capitol III - 300 (3rd SPAC by the same management team)
Boulevard II - 350 (2nd SPAC by Avenue Capital)
Double Eagle - 500 (3rd SPAC by the team behind Global Eagle and Silver Eagle)
Pace - 450 (backed by the Texas Pacific Group)
Gores Holdings - 375 (backed by PE firm helmed by Alex Gores)
E-Compass - 40 (China focused, 2nd SPAC by Richard Xu)
Pacific Special Acquisition - 82.8 (China)
Easterly - 200 (financial services focused)
Global Partners - 155.3
JM Global - 50
Hennessy Capital II - 199.6
Electrum - 200
GP Investments - 172.5 (backed by Brazil's GP Investments)
Andina Acquisition II - 40
Arowana - 82.8
Atlantic Alliance - 76.9
Harmony - 115
FinTech - 100
Barington/Hilco - 42.9
Quinpario 2 - 350
The success of SPACs in building equity value for their shareholders has drawn interest from eminent investors such as Bill Ackman who has backed 3 SPACs till date including the SPAC that took Burger King public.[1][2][3][4]
Private Equity funds like Avenue and TPG have also floated SPACs with Avenue Capital raising a second SPAC[5] on the heels of closing its first SPAC acquisition.[6]
By virtue of being public companies, SPAC may be targeted by short sellers or "Greenmail" investors. Typically, short sellers have not been very active in SPACs since the stock price remains fairly steady unless there is a transaction announced. Since stocks can be only be shorted when they are rising, short sellers cannot target SPACs that are viewed as being unlikely to successfully close transactions. Most SPAC shares are held by large hedge funds and institutional investors who do not actively trade the stock until after the closure of the initial business combination. Recent SPACs have incorporated provisions preventing public shareholders, either acting alone or in concert, from being able to exercise redemption rights in excess of 20% shareholding in order to compel the executive management in any respect.
SPACs and reverse mergers[edit]
A SPAC is similar to a reverse merger. However, unlike reverse mergers, SPACs come with a clean public shell company, better economics for the management teams and sponsors, certainty of financing/growth capital in place - except in the case where shareholders do not approve an acquisition, a built-in institutional investor base and an experienced management team. SPACs are essentially set up with a clean slate where the management team searches for a target to acquire. This is contrary to pre-existing companies in reverse mergers.
SPACs typically raise more money than reverse mergers at the time of their IPO. The average SPAC raises about $115 million through its IPO compared to $5.24 million raised through reverse mergers in the months immediately preceding and following the completion of their IPOs. SPACs also raise money faster than private equity funds. The liquidity of SPACs also attracts more investors as they are offered in the open market.
Hedge funds and investment banks are very interested in SPACs because the risk factors seem to be lower than standard reverse mergers. SPACs allow the targeted company’s management to continue running the business, sit on the board of directors and benefit from future growth or upside as the business continues to expand and grow with the public company structure and access to expansion capital. The management team members of the SPAC will typically take seats on the board of directors and continue to add value to the firm as advisors or liaisons to the company's investors. After the completion of a transaction, the company usually retains the target name and registers to trade on the NASDAQ or the New York Stock Exchange.
Regulation[edit]
In the United States, the SPAC public offering structure is governed by the Securities and Exchange Commission (SEC). A public offering for a SPAC is typically filed with the SEC under an S-1 registration statement (or an F-1 for a foreign private issuer) and is classified by the SEC under SIC code 6770 - Blank Checks. Full disclosure of the SPAC structure, target industries or geographic regions, management team biographies, share ownership, potential conflicts of interest and risk factors are standard topics included in the S-1 registration statement. It is believed that the SEC has studied SPACs to determine whether they require special regulations to ensure that these vehicles are not abused like blind pool trusts and blank-check corporations have been over the years. Many believe that SPACs do have corporate governance mechanisms in place to protect shareholders. SPACs listed on the American Stock Exchange are required to be Sarbanes-Oxley compliant at the time of the offering including such mandatory requirements as a majority of the board of directors being independent and audit and compensation committees.
Advantages[edit]
Compared to private equity funds that provide investors access to special situations or geographies that they would otherwise not be able to access:
(1) Liquidity: capital committed to PE funds is typically locked up for 7–9 years. PE funds invest capital in private companies with no assurance of eventual liquidity through a sale or IPO of their securities. Since the exit event is 4–5 years away, PE funds are exposed to significant market risk for liquidity. They are also exposed to currency depreciation over lengthy periods of time.
In comparison, SPAC IPO units are liquid and can be freely traded on the Exchange.
(2) Capital management: PE funds draw capital as needed while requiring their Limited Partners to commit to a fixed investment amount over a 5-7 year period. During this period, the onus of managing the capital is on the Limited Partner. As a result, unless the Limited Partner can effectively manage the committed but un-deployed capital the IRR of their investment can vary.
In comparison, SPACs escrow the committed capital instead of calling it as needed. This starts the "IRR clock" from the IPO for the SPAC management team.
(3) Management fees: investors in PE funds typically pay 2% annual management fees irrespective of the amount of capital actually invested by the PE fund. Over the life of the PE fund, this can amount to 14%. Management fees are also payable after the life of the fund if there are unexited holdings on the assets still invested. Additionally, 20% of the realized profits are paid as "management carry" to the PE fund to incentivize them to produce high returns.
In comparison, SPAC management teams are paid no cash compensation. The SPAC Founder(s) and the Sponsor capital is at risk until an initial business combination is closed. If a business combination is effected then the SPAC Management Team receives 18% of shares as compensation. These shares are locked up for 12 months after the first transaction to ensure that the SPAC Management Team is focused on long-term value creation. Half these shares can be sold before the 12-month lock-up deadline if the SPAC's share price rises by 25% over the IPO price.
(4) Transparency of team/investments: PE funds can pursue transactions as per the discretion of the Investment Committee. The PE Funds investors cannot choose to ignore a capital call if they are not interested in a particular investment. The LP interests in a PE fund are not liquid, there is no ready market for them and they tend to be typically valued at a discount to par given the initial "J-curve" of the IRR curve. The composition of the PE team is subject to diligence by the LPs. While there are key man provisions relating to change of certain personnel, the PE fund is free to change investment personnel without consent of the LPs.
SPAC investors hold liquid securities. They can sell their shares if they are not interested in exposure to the acquired entity. The SPAC management team undergoes scrutiny as part of the IPO process with disclosures around their career history and any criminal or civil legal issues. They are also subject to information disclosure obligations as per applicable Exchange regulations.
Disadvantages[edit]
Other than the risks normally associated with IPOs, SPACs’ public shareholders' risks may include:
limited liquidity of their securities until the close of the initial business combination. After the SPAC has acquired an operating company, the liquidity of the equity shares is similar to other listed companies of similar size.
low visibility on future acquisition(s) at the time of the SPAC public offering.
dilution due to founder shares (18-20%)
potential for uncertainty associated with the SEC merger/acquisition proxy process
There is also potential for delay and expense attributable to the public shareholders' special rights and the costs of functioning as a registered public company.
Statistics[edit]
Since 2003 approximately $20.4 billion of SPAC capital has been raised and 158 SPACs have been funded in the United States. Of the 161 SPACs that have been raised in the United States, 72 SPACs accounting for $6.5 billion have completed an acquisition with annualized returns to investors of -1.2%. Approximately 17 SPACs accounting for $3.4 billion have announced transactions with annualized returns to investors of -15%. Approximately 23 SPACs accounting for $6.5 billion are currently seeking an acquisition with annualized returns to investors of -16% and 49 SPACs accounting for $4.47 billion have liquidated with annualized returns to investors of about -2.5%.[7][8]
On December 7, 2007, approximately $1.23 billion worth of SPACs went public, setting a new one-day record. The three SPACs that went public raising $1.23 billion were Liberty Acquisition Corp. (NYSE MKT: LIA) which raised $900 million in an offering led by Citigroup and Lehman Brothers, Global Brands Acquisition Corp. (NYSE MKT: GQN) which raised $250 million in an offering led by Citigroup and I-Bankers Securities and Tremisis Energy Acquisition Corp. II (NYSE MKT: TGY, led by Lawrence S. Coben) which raised $76 million in an offering led by Merrill Lynch and EarlyBirdCapital.[7][8]
81 SPACs are currently on file with the SEC, representing over $13.4 billion in future financings and 39 SPACs have been filed with the SEC since January 1, 2008, representing over $6.7 billion filed this year.[8][9]
See also[edit]
Capital formation
References[edit]
1.Jump up ^ Bill, Ackman. "Ackman in Burger King".
2.Jump up ^ Bill, Ackman. "Ackman and Burger King".
3.Jump up ^ Bill, Ackman. [• http://www.forbes.com/sites/antoinegara/2015/06/02/bill-ackmans-next-ma-bet-pershing-square-invests-350-million-in-nomad-holdings/ • http://www.thestreet.com/story/13177058/1/bill-ackman-finds-a-platform-for-his-next-big-bet.html "Bill Ackman invests $350 million in SPAC"] Check |url= value (help). horizontal tab character in |url= at position 2 (help)
4.Jump up ^ Bill, Ackman. [• http://www.thestreet.com/story/13177058/1/bill-ackman-finds-a-platform-for-his-next-big-bet.html "Ackman in Platform Specialty SPAC"] Check |url= value (help). horizontal tab character in |url= at position 2 (help)
5.Jump up ^ Capital, Avenue. [• http://www.thedeal.com/content/private-equity/lasrys-boulevard-acquisition-corp-ii-to-raise-350m-for-acquisition-possible-turnaround-play.php "Avenue 2nd SPAC"] Check |url= value (help). horizontal tab character in |url= at position 2 (help)
6.Jump up ^ [• http://www.prnewswire.com/news-releases/boulevard-acquisition-corp-to-acquire-agrofresh-business-from-the-dow-chemical-company-300075041.html • http://www.prnewswire.com/news-releases/boulevard-acquisition-corp-to-acquire-agrofresh-business-from-the-dow-chemical-company-300075041.html] Check |url= value (help). horizontal tab character in |url= at position 2 (help); Missing or empty |title= (help)
7.^ Jump up to: a b SPAC Analytics
8.^ Jump up to: a b c SPACInfo.com
9.Jump up ^ "SEC Edgar". SEC.gov. Retrieved 2008-03-07.
Blank Check Company
Blank Check, Blind Faith
Rule 419 -- Offerings by Blank Check Companies
There will be a test on this material this Wednesday.
Please remember I'm still looking for papers from two of you on my desk Monday.
eom
scorp's
THIS ARGUABLY MIGHT BE THE MOST POWERFUL POST YOU EVER SEE WRITTEN ON ALL MATTERS SLJB GLEANED FROM A GERMAN MESSAGE BOARD. IT EXPLAINS EVERYTHING.
Posted by: Slim_Salabim In reply to: geoart9 who wrote msg# 37591 Date:8/10/2006 11:26:14 AM Post #of 37840 I saw this post on RB. It might explain the shares. snips, you're finally growing a brain in that empty head of yours. Wessal is a $25 million PIPE financier. The lower Wessal can take it down, the more of the acquired public vehicle it owns. (by the way, Eliott Spitzer's mom is a do-do head. There has been NO "MERGER", check 3 sources, 1) the Secretary of State - no merger filings - 2) the LFWK PR disclosing Sulja ACQUIRED , not MERGED INTO, the LFWK public vehicle & 3) Sulja incorporated an acquistion corp in NV). Wessal is the parent company of the Red Sea Group hedge fund. There are no audited numbers because - 1) SLJB is an empty shell the Sulja Acquistion Corp acquired for ROI & 2) It would disclose the UNREGISTERED REG S SHARES RED SEA IS GETTING TO HEDGE TRADING FOR WESSAL'S BENEFIT, LOWER PPS. What you have here is a variation on a SPAC scam. Instead of the Sulja Acquisition Corp being the blank check public vehicle, the acquistion corp ACQUIRED LFWK's PUBLIC VEHICLE (NOT MERGED INTO IT). If Sulja Acquistion Corp was the SPAC corp, it would require 80% shareholder approval to acquire LFWK. In this case, LFWK insiders own the float, they say, and are non-reporting. So LFWK never held a shareholders vote to approve the acquistion of their public vehicle by Sulja's Acquisition corp. If the scammy pro forma numbers don't tell you its a scam, because the pro forma numbers are for another Sulja corp, not the SLJB public vehicle, the fact that LFWK sold the public vehicle to the Sulja Acquistion Corp, raised the a/s, retained an OFFSHORE HEDGE FUND, Red Sea Group, getting an UNDISCLOSED AMOUNT OF UNREGISTERED REG S SHARES THAT THEY ARE USING TO HEDGE THEIR PARENT COMPANY, WESSAL'S, POSITION IN SLJB TO OWN THE PUBLIC VEHICLE & ACQUIRE ANY ACQUISTION THE SPAC ACQUIRES DOWN THE LINE. Wessal's stock preferences are still UNDISCLOSED AS WELL? 1) WHAT ARE THE MULTIPLES ON THEIR CONVERTIBLE? 1:100? 2) DO THEY HAVE SUPERVOTING OR/AND LIQUIDATION PREFERENCES?
SLJB mit Bombennews ! | wallstreet-online.de - Vollständige Diskussion unter:
http://www.wallstreet-online.de/diskussion/500-beitraege/1075747-1-500/sljb-mit-bombennews
CUT AND PASTE IT ASAP BECAUSE IT WON'T LAST FOR LONG.
eom
scorp's
Hey Petie, how is Philip doing?
lol...and why would you be insulting me by calling me 'Petie'. I think technically you'd wanna spell that 'Petey'
OMG...we're all going to be rich!
RICH I TELL YOU!
eom
Mr Peter Barton
scorp's
Volume: 2,600,506
506 is clearly a market maker signal.
I can only speculate as to it's meaning.
Alas... I have lost my 'Market Maker Secret Signals' guidebook.
eom
scorp's
Anybody else's palms been sweating lately?
Mine have been 'en fuego'
It appears we're now approaching the most seminal moment to date.
Good luck to all concerned.
lol...well maybe not all.
eom
scorp's
lol...now why would you be inquiring about my older brother on the BKMP board? I don't even think he understands what a CD is?
We haven't really spoken much since you pestered him at his office and online by asking about his boss...and all concerning another stock...another board...and...
ROFLMAO...I'm gonna be a BILLIONAIRE!!!
eom
scorp's
I think it's time to remember...
NO ONE EVEN REMOTELY CONSIDERS SELLING A SINGLE SHARE UNTIL YOU SEE THE BLACKNESS INSIDE THE 'NABOBS' BEADY LIL' EYES.
They've made a mistake this time.
One that will rewrite the rules of investing and open the doors to the true drivers of wealth and...
lol....sigh....and uh something like that.
eom
scorp's
THE "NABOBS" AND THE NABOBS TASKMASTER BEGIN THE PROCESS OF RECTIFYING THE PAPERWORK AND RESTORING EVERYTHING BACK IN IT'S PROPER PLACE...
Sulja Bros Building (SLJB)
0.00001 ? 0.000009 (900.00%)
Volume: 2,600,506 @ 12:35:00 PM ET
SATISFYING REGULATORS...THE SEC...AND BUSINESS PARTNERS...
AND NOT TO MENTION...
ROFLMAO...
((((((MOI))))))!!!
eom
scorp's
My 32.8 million shares were purchased over time at an average cost of .015 per share.
But then I'm a big fan of averaging down whenever you can.
Other than the lack of liquidity... you gotta love the dramatic opportunities the OTC world can present.
I might let a few shares go for around a buck or so. I'd like to buy something pretty for the wife for her patience.
eom
scorp's
SLJB starting to show up on the radar screens for 'Reverse Run Mergers'.
Check it out.
eom
scorp's