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  • Three New China Stocks Might Be Coming to Market [View article]
    Where did you get the cash/share number from? Looks like it's fully diluted cash/share. But in a liquidation the warrants expire worthless so you don't need to account for them. TMI, for example, pays $7.91 for the no-votes and will have similar liquidation proceeds, as opposed to the $6.48c/s that you quote.
    For more on SPAC liquidations, see my January post about SPAC liquidation arbitrage.
    Oct 13 16:17 pm |Rating: 0 0 |Link to Comment
  • Ackman Optimistic About Target’s and Hedge Fund Activists' Futures [View article]
    Pershing Square did not provide the DIP financing on General Growth. It was another group that won.
    Jun 17 23:18 pm |Rating: 0 0 |Link to Comment
  • Wal-Mart (WMT) says it launched a pilot program in December to open convenience stores in China, hoping to boost its presence in the fast-growing retail market.  [View news story]
    Good luck with that!
    May 06 08:14 am |Rating: 0 0 |Link to Comment
  • Hedge Fund Tracking: Harbinger Capital (Philip Falcone)  [View article]
    You should not interpret 13F filings too much. They only report long positions. You don't know the short side of the trade. For a fund like Harbinger, the short makes all the difference. CPO, for example, is likely to be merger arb play and will have an offsetting short in BG. So what if they added to CPO at 50+? They probably shorted BG at 110 and locked in the spread.
    Oct 03 10:48 am |Rating: 0 0 |Link to Comment
  • An Evaluation of the SEC’s Prohibition on Naked Short Selling [View article]
    Let me clarify that I am not supporting naked short selling at all.
    I am saying in my post that the SEC should implementing Reg SHO, which already bans naked shorting, and that there is no need for duplicate regulation.
    The Deal Sleuth
    Aug 15 10:35 am |Rating: 0 0 |Link to Comment
  • Six Air Courier Stocks to Transport Your Portfolio to New Heights [View article]
    ANS has agreed to be acquired by private equity firm Bayside / H.I.G., so the upside is limited to about 4% at the current price.
    May 07 15:58 pm |Rating: 0 0 |Link to Comment
  • Document Security Systems: New Chairman Has Troubling History [View article]
    Who is behind the pseudonym Carl Hanratty? Tom Hanks?
    Feb 04 23:55 pm |Rating: 0 0 |Link to Comment
  • W Holding Company Takes Excessive Hit On Inyx Bankruptcy [View article]
    Reuters reports today that Semion Mogilevich has been arrested:
    www.reuters.com/articl...
    Jan 25 23:40 pm |Rating: 0 0 |Link to Comment
  • Hedge Funds: If We're Looking at AUM, Let's Also Look at LUM [View article]
    Ever heard of the concept of Net Asset Value?
    Jan 06 14:27 pm |Rating: 0 0 |Link to Comment
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