This one is very risky play as there are still many unknowns. So, highly speculative stock. Use extreme caution.
STV - China Digital TV Holding opened on NYSE with the boom...going from roughly $30 to $55 in 2 days. China TV market is hot.
Well, look at this company - Jaguar Acquisition Corporation. (JGAC.OB).
They just announced letter of intent to acquire China Cablecom Ltd.
Expecting news on this within 2 weeks according to the PR below:
http://biz.yahoo.com/iw/070927/0307525.html
Jaguar Acquisition Corporation Announces Letter of Intent to Acquire China Cablecom Ltd.
Thursday September 27, 8:00 am ET
Jaguar Intends to Enter the Rapidly Growing Cable TV Sector in China; China Cablecom Is an Emerging Consolidator of Cable TV Operating Companies Focused on China's Shandong Province; China Cablecom Raises $20 Million Bridge-Financing to Secure Acquisition
CONSHOHOCKEN, PA--(MARKET WIRE)--Sep 27, 2007 -- Jaguar Acquisition Corporation (OTC BB:JGAC.OB - News), a special purpose acquisition company ("Jaguar"), today announced a Letter of Intent ("LOI") to acquire all of the issued and outstanding shares of China Cablecom Ltd., a British Virgin Islands company, ("China Cablecom"), an emerging consolidated cable network operator in the highly populated Shandong Province in the People's Republic of China (PRC). To secure this proposed transaction, China Cablecom has raised $20 million of debt and equity bridge financing. Chardan Capital Markets acted as placement agent in the transaction.
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The Company anticipates providing further details on this proposed transaction in the next two to three weeks.
Pursuant to the provisions of its certificate of incorporation, the Company now has until April 13, 2008 to complete its business combination, having satisfied the criteria for extension set forth in the certificate of incorporation. The Company anticipates signing a definitive agreement relating to its business combination within the next 30 days
Again, use extreme caution and do your own DD.
Tuesday, October 9, 2007
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