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steeledge

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steeledge

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Thursday, 12/17/2009 3:43:18 PM

Thursday, December 17, 2009 3:43:18 PM

Post# of 489
Here's another one of them SPAC plays in China, where the warrants appear seriously undervalued! The indication there of course is the uncertainty in the deal getting done, but the target company looks terrific.

Warrant strike: $5
Stock price: $7.85
Intrinsic value: $2.85
Current warrant price: $1.05

The safer play would be to wait for the deal consumation...right now they've done only the definitive share purchase agreement.

Solid DD combined with timeliness and conviction is a recipe for profits.

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