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Tuesday, 12/22/2009 3:11:51 PM

Tuesday, December 22, 2009 3:11:51 PM

Post# of 94785
CFQWF . . see post below from HMR board on Yahoo. This poster (blueskydriving) has a helluva track record on SPAC warrants.

>Here is my Chistmas present to any of you that have not seen it yet ... it is another SPAC that is buying a high, high growth company ... China Fundamental Acquisition Corp (CFQCF.ob ... more specifically, CFQWF (the warrants)... and the beauty is that it is still trading over the counter ... so you will get the uplisting affect down the road ... this has the potential of another RINO once uplisted ... but you can get the warrants now on the cheap ...

The information concerning the business combination can be found in the links below ... the meetings have not been held yet ... there has been no indication of changing warrant terms ... exercise price $5.00 (expire May 2012) and current cfqcf.ob pps is $7.80 (cfqwf.ob warrants currently trading at $1.08) ... one thing to note is the special interest by both the CEO and Chairman of the company in the warrants specifically ...

"... a warrant to purchase 305,556 shares was sold to Ralco Capital Limited, an entity owned and controlled by Mr. Hao, our current chief executive officer, and warrants to purchase 305,556 shares were sold to Rising Year Group Limited, an entity owned and controlled by Ms. Ni, our current chairman ..."

This was in addition to the "units" they owned already ... in other words, they really like the warrants.

Another thing to note is the structure of the earn-out shares ... which quarantees that you will make money with the warrants ...

Earn-out Shares
"In addition, 500,000 ordinary shares of China Fundamental will be issued to Wowjoint's major shareholders when certain share price targets are achieved or exceeded (the "earn-out shares"): (i) 200,000 earn-out shares in the event that the closing price per share is at or above US$10.00 for 180 days out of 360 days during the period from the acquisition closing date to the second anniversary of the closing date; (ii) 200,000 earn-out shares in the event that the closing price per share is at or above US$13.80 for 180 days out of 360 days during the period from the acquisition closing date to the third anniversary of the closing date; (iii) 100,000 earn-out shares in the event that the average daily trading volume is no less than 200,000 shares for three consecutive months during the period from the closing date of the acquisition to the second anniversary of the closing date. The 500,000 earn-out shares excludes the possible issuance of an additional 2,800,000 ordinary shares if the funds left to the combined company following the closing are US$1,250,000 or less."

http://freerealtime.brand.edgar-online.c...

http://freerealtime.brand.edgar-online.c...

http://www.aednet.org/aednews/index_full...

I forgot to put the ribbon on your present. I should of pointed out this little comment from Mr. Chun Y. Hao, CEO of China Fundamental,

" ... there are no selling shareholders in this transaction, validating our belief that Wowjoint is poised to create meaningful shareholder value going forward, as the company grows with China's increased scale of infrastructure ..."

Hmm, no selling shareholders announcement before the meetings are even scheduled (what do you think that says about the chances for approval) ... the company's leadership bought extra warrants AND they mentioned the Treasury Stock method of accounting limiting fully diluted outstanding shares to 12 million (both indicating warrant terms unlikely to change) ... Merry Christmas!

http://www.aednet.org/aednews/index_

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