Nickname: Rusty

Review: When can we expect the SVI deal to close? I tried a Jamba Juice this week and there could not have been over 30 cents worth of ingredients in my 3.50 drink. I love it! Great margins. I will buy more.

Date reviewed: Jul 3, 2006 5:46 PM

Nickname: Alex Halperin

Review: This is Alex Halperin the author of this story. When it was first published, the story compared apples (the common share price of stocks) with oranges (the price they went out for which included warrants.) As a result the current prices for Acquicor and Services Acquisition were too low. I regret the error, but hope the the corrected story continues to support the main point: that blank check IPOs are a risky proposition for small investors.

Date reviewed: Jun 30, 2006 5:12 PM

Nickname: jmon

Review: At one point SVI was trading at almost $13 a share, and because of market conditions I feel it fell. None the less the deal has not finalized yet,so why would you expect this stock to be booming? It's not a done deal, I just found it misleading for you to mention this as a deal that has not met expectations, when it has not even closed yet. When it closes, fireworks are going to go off (in my opinion).

Date reviewed: Jun 30, 2006 3:25 PM

Nickname: Correction

Review: Your analysis of returns is flawed. While it is true that the common share prices for SPACs generally trade below the $6 or $8 offering price it is not accurate to judge returns this way. Investors receive 2 warrants in the $6 structure and 1 warrant in the $8 structure. In order to calculate returns you have to add the value of the warrants to the value of the common share. If you do this you will find that almost all SPACs have provided positive returns to their investors.

Date reviewed: Jun 30, 2006 1:43 PM

Nickname: Andrew Garcia

Review: I believe that the performance figures referred to in this article are incorrect and misleading. For example: Services Acquisition Corp: (Amex: SVI, SVI.U, SVI.WS) was originally issued as a unit consisting of both a share of common equity and a warrant at a price of $8 per unit. As of yesterday's close (6/29/2006) the common was priced at $9.97 and the warrants were $3.90 creating an implied value of $13.87 per unit (or a 73.4% simple return). Acquicor Technology (Amex: AQR, AQR.U, AQR.WS) was issued as a unit consisting of one share of common and two warrants. Yesterday the units traded 31,600 times at a price of $6.21 (a 3.5% simple return).

Date reviewed: Jun 30, 2006 1:15 PM