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Millstream II Acquisition Corporation (fka msmaw) RSS Feed

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Created
12/27/06
Type
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Millstream II, based in Wayne, Pennsylvania, was incorporated in September 2004 to acquire an operating business in North America. Millstream II's initial public offering became effective December 17, 2004 and was consummated on December 23, 2004. In its initial public offering Millstream II received net proceeds of $27.6 million through the sale of 4.6 million units at $6.00 per unit. Each unit was comprised of one share of Millstream II common stock and two warrants, each with an exercise price of $5.00 per share. As of September 30, 2006, Millstream II held approximately $25.0 million in a trust account maintained by an independent trustee. VERY INSIGHTFUL POST REGARDING DROP IN PPS "This play should bounce by itself, the warrents expire in 2 years, and it was .40 cents just a week ago. But what will really make this fly is any news of a new target acquisition or even a re-negotiation of the current one. And when people realize that the suggestion by one of the shareholders to liquidate the warrents was total crap and was shot down by shareholder vote and court order. Interestingly enough the shareholder that suggested the liquidation was actualy the vice president of the company that millstream was about to aquire and is their competition! That huge sell off is not about failing to make an aquisition, its about somebody who cried liquidation and everyone freaked out without looking at the details. Im loading up at these levels, one of the best lotto tickets out there."
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