AXG/AXW-WT --> vote to postpone Final Vote was approved today.
Meaning: If this vote was approved, then the final vote *should* also be approved in a few weeks. That should cause the warrants to approach "fair value" in the .60's.
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Press Release Source: Atlas Acquisition Holdings Corp. On Wednesday January 20, 2010, 1:19 pm EST
HOBE SOUND, Fla.--(BUSINESS WIRE)--Atlas Acquisition Holdings Corp. (“Atlas”) (NYSE AMEX: AXG) (NYSE AMEX: AXG.U) (NYSE AMEX: AXG.WT) today announced that the holders of a majority of the shares of its outstanding common stock approved a proposal to amend Atlas’ certificate of incorporation to extend the date by which Atlas must complete a business combination before it is required to liquidate from January 23, 2010 to February 16, 2010. At the special meeting of Atlas stockholders held today, Atlas’ public stockholders also approved an amendment to the trust agreement entered into in connection with Atlas’ initial public offering to extend the date by which Atlas’ trust account must be liquidated to February 16, 2010.
“We thank our stockholders for their continued support of the proposed business combination between Atlas and Koosharem Corporation, and for allowing us the additional time we need to present the merger to our stockholders for approval,” said James Hauslein, Atlas’ Chairman and Chief Executive Officer.
Solid DD combined with timeliness and conviction is a recipe for profits.
AI
