Special Purpose Acquisition Co

[loginusername]

Hey DB. I just found this board and was surprised not only to see a spac board but to see db from the Dimeq board. I guess people that dig deep enough to find dimeq would find spac's also.

Anyway, I bought some gfc warrants. Now I'm trying to figure out what I'm missing here. Was the exercise price raised? Is it still 7.50? And the conference call mentioned they might do something with the warrants similar to what they did with the preferred. Could they be thinking of lowering the strike price?

This one makes no sense to me. The prf conversion will bring out something like 90 mil shares - I don't have the numbers in front of me. And the stock is straight up. I guess the conversion is good but this seems overdone.

Any ideas anyone?