North Asia Investment North Asia Investment Corp. (NHR) Quote

Some buzz on Korean banks, which is what NHR will become if the merger goes thru...

Hanmi Bank (HAFC) Largest In Terms Of Assets; Rumors Abound On Investments From Another South Korean Bank

http://finance.yahoo.com/news/Hanmi-Bank-HAFC-Largest-In-twst-4235314746.html?x=0&.v=1

Thanks for the response, makes sense..I'll keep my eye on these for some vertical price movement! Good luck!

banks are starting to get investor dollars again, but you're right, there's more risk than usual to get this to pass. It could be why the warrants are so juicy.

the one thing your'e missing in your NHR warrant mention is that for each NHR warrant you own, you're getting 3 PFCF warrants at a 2.44 strike for each.

PFCF is currently at 3.25, which is right where the valuation of the deal is set, so a strike of 2.44 is about .80 in the money right now. multiply that by 3 and you get $2.40 worth of value for every .30 you pay for a warrant. hmmmmm

but you're right - these warrants are priced as if there's no way the deal is going thru. reminds me of TMI warrants at their low :-x

Interesting, a California regional in a SPAC during these times will be tough to pass....but assuming it does, in the ibox you highlight the warrants strike from pacfic's issuance, but nhr warrants still are $7.50 strike.

NHR 6K filed, indicating among other things that they're going to convene meetings designed to help NHR shareholders and prospective shareholders vote FOR the combination with PFCF.

http://sec.gov/Archives/edgar/data/1420413/000104746910001923/0001047469-10-001923-index.htm

PFCF S-4 filed; this transaction truckin' right along...
It's a big file - haven't read much, but looks like the terms for the warrants look unchanged.

http://sec.gov/Archives/edgar/data/1423869/000104746910001879/a2197050zs-4.htm

Another 9% owner just filed:

http://sec.gov/Archives/edgar/data/1420413/000114420410012021/v176651_sc13d.htm

Steel,
Nice job with the IBox ... and, pointing out the GS interest. I've taken a "relatively" small position and will continue to watch as things move along. Thanks for your hard work. Cheers.

Here's Goldman Sach's ownership of 10.3% of NHR:

http://sec.gov/Archives/edgar/data/886982/000076999309000987/northasiainvestmentcorp.txt

Institutions like Credit Suisse are taking positions...hope they're in favor of the merger!

http://sec.gov/Archives/edgar/data/824468/000082446810000018/sec_filing.htm