For those of my readers not into financial-world fads, here is a new acronym from that domain. A SPAC has nothing at all to do with a TROWEL. It is a Special Purpose Acquisition Company. What does that mean? You ask, ah ... A SPAC is a company with no commercial operations, one that exists for the purpose of acquiring another company. More specifically, it is a company with a listing on an exchange that exists for the purpose of acquiring another company that is not and would like to be on that exchange. Consider a simple example. I invent a new type of shoe. I believe lots of people will rush to buy it. I create the company "Faille Footware." Now, for a lot of reasons I won't get into, I might want Faille Footware (FFW) to have a listing (NYSE: FFW). But that is a difficult and lengthy process. What's the quick and easy way? To have somebody else who already IS on the NYSE buy me up. Then the new company can change its name to Faille Footware and adopt an appro...