Dave Nelson: ‘Hey, has the symbol for Aldabra II warrants changed? It hasn’t showed up for a couple of days.’
☞ Aldabra 2 is now Boise, Inc. – BZ – with the symbol for the warrants, BZ_t or BZ+ or who knows what else, depending on the service you’re using to get a quote.
SYMS, meanwhile, after its aborted self-delistation*, has gone back to being SYMS.
*I know ‘infinity’ is a very long time, but the idea that an infinite number of monkeys typing for infinity would eventually produce one of Shakespeare’s plays – or even one of his sonnets – is silly. Since the dawn of time, with more than 6 billion people on the planet, not one of them has ever previously typed ‘aborted self-delistation.’ Think about that..
This Special Purpose Acquisition Company has not changed its symbol, sits on about $400 million in cash looking for an attractively-priced acquisition, and sold yesterday for $9.30 a share. The warrants, first written up here three months ago, give you the right to buy the stock at $7.50 (if an acquisition is completed) yet sold yesterday for just 69 cents. All the usual caveats apply (truly, truly, truly), but if you have money you can truly afford to lose, it’s a speculation to consider.
DO YOU STILL BUY BOTTLED WATER?
James Musters suggests this comic strip.
THE CREATIONIST’S DILEMMA
And speaking of strips . . . Garry Trudeau strikes again.
Have a good weekend. A beagle – quite possible the one that won Best in Show recently – ate the rest of this column. Shouldn’t Leap Year be a holiday anyway?
Quote of the Day
We've forgotten all the sacrifices that the people who've gone before us made to give us this wonderful life that we have. We accept it; we take it for granted; we think it's our birthright. The facts are, it's precious, it's fragile -- it can disappear.~Ross Perot, 1988
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