Morgan Joseph SPAC Conference -- Conclusion: Mo Money, Mo Less Problems?
Led by Tina Pappas, A.K.A. the "SPAC Lady", Morgan Joseph held its first annual SPAC conference in New York last week, attracting over 500 participants.
Attendees bemoaned the slowdown, with Richard Heckmann of Heckmann Corp. saying:
"...it seems to me that the SPAC market should be hotter than it is. Tell me a market you can go into where you can't lose money, the worst that can happen is that you'll get your money back."
... and that:
"My advice to a [new] team doing a SPAC is to bring something to the party. It's always about the management, it's always about the team. Money doesn't solve problems, management does..."
Click here for more coverage from Business Wire and TheDeal.com.
Attendees bemoaned the slowdown, with Richard Heckmann of Heckmann Corp. saying:
"...it seems to me that the SPAC market should be hotter than it is. Tell me a market you can go into where you can't lose money, the worst that can happen is that you'll get your money back."
... and that:
"My advice to a [new] team doing a SPAC is to bring something to the party. It's always about the management, it's always about the team. Money doesn't solve problems, management does..."
Click here for more coverage from Business Wire and TheDeal.com.
Labels: Commentary, Conferences, News
posted by SPAC Information at
7:03 AM
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