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
Capitalism without bankruptcy is like Christianity without hell.~Frank Borman (ex-Eastern CEO)
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