TheCigSmokinMan3 Posted February 13, 2008 Share Posted February 13, 2008 S.P.A.C. -\"Blind Insider Trader\" Vehicle -Illegal? We were "fascinated" by an article in the N.Y. Times Business section yesterday... We wonder how these "evil secret agent types" and "illuminati" have so "much money" and "so many identities" across the U.S.A. and the world... We suspect it's S.P.A.C. investment vehicles... There was 66 initial I.P.0.'s recently... There were 12 BILLION DOLLARS in investments... S.P.A.C. stands for SPECIAL PURPOSE ACQUISTION COMPANIES.... They are just "blank or vanilla" investment companies and/or supporting investing funds... They don't "own" anything... or have any "patents" or "products"... People invest... We suspect "tipped off people" into the S.P.A.C.'s And then they buy a "brand name" or "upcoming venture capital startup"... And the STOCK SKYROCKETS!!! Sounds like a "quick and easy" way to make BIG BIG BUCKS!!! These "SPACS" were pioneered by... Ronald O. Perleman Bruce Wasserstein Nelson Peltz And a... Michael S. Gross Who works for and runs Apollo Management Investment house / fund... And a Director for "SAKS" in the article... It is "unclear" from the author of the article if he means "GOLDMAN SACHS"... Or "SAKS 5th Avenue"... But supposedly GOLDMAN SACHS "refuses" to get involved with "S.P.A.C."'s... Sounds like they are just "outsourcing" for legal paper trail reasons... But its a guess! And not "confirmed" A rumor. They also worked with... Marathon Acquisitions.... With a 300 MILLION "vanilla or blind" investment in 2006... I guess it pays to be "evil"... But you usually get "caught".... TheCigMan Link to comment Share on other sites More sharing options...
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