shahul hamid said in the interview in the EDGE ; “Yes, there is concern [that the shareholders may vote against the proposed QA].....And then he goes to say...oh if we FAIL, then we try to FIND another ASSET..
HELLO IF THE FIRST ASSET IS SHIT. JUST RETURN THE MONEY LAH.
A study done at Yale University and another study, done in the summer of 2013 by Dealbook, noted that SPACs have generated “terrible” returns and recorded some “spectacular failures as SPACs have rushed into hot markets like energy.
THE KEY WORD HERE IS YALE, TERRIBLE RETURNS AND ENERGY.
WHERE CAN YOU FIND THIS INFORMATION? http://business.financialpost.com/legal-post/lost-in-spac-backers-have-success-using-the-vehicle-to-raise-funds-but-where-are-the-deals
