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steeledge

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steeledge

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Re: galatasaray70 post# 290

Sunday, 01/24/2010 11:41:54 PM

Sunday, January 24, 2010 11:41:54 PM

Post# of 1541
here's a calculation posted by fellow SPAC cadet blueskydriving:

"All outstanding Atlas warrants will be converted to 1,677,000 shares of common stock at closing"

But, it is a good trade (if my initial numbers are correct) ... there are 25,800,000 warrants and share price is currently $9.96 ... so, here is my math

1,677,000 x $9.96 = $16,702,920 / 25,800,000 = .6474

So, if you buy warrants for .25 today and the share price remains at $9.96 then you are making .3974 (.6474 - .25)

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

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