SPAC Boom! (Part 4) : How worst could it be?
1st QE tappering and foreign fund flight 2nd South East Asia currency crisis??? 3rd US to hit Debt Ceiling latest by Mid of October 2013 4th US may shoot missiles to Syria as soon as this Thursday Has all the issues above scares you??? Will the market fall somemore? What is the best time to buy??? What is the best price to get blue chips? It's really a tough question as the market is now very shaky and we are not sure whether which blue chips will be hit down if the crisis really comes. As a believer of SPAC, I will still tell you that the SPAC is a best buy at this juncture. Why??? 1st SPAC always have 90% of their IPO proceeds with their trustee as long as they haven't purchase any assets. According to the theory above, we can see that CLIQ and SONA still has 90% of their cash in the "vault" as long as they haven't purchase any asset. Which mean CLIQ has RM0.675 in the bank while SONA has RM0.45 in the bank. CLIQ Looking at their closing price today, where CLIQ...