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Saturday, 08/04/2007 12:08:30 PM

Saturday, August 04, 2007 12:08:30 PM

Post# of 1281
re 2005: Another Hedge Fund Discloses PIPEs Probe
NOTE year is 2005 By Matthew Goldstein, Senior Writer , 12/1/2005 7:12 AM EST
http://www.thestreet.com/markets/matthewgoldstein/10255157.html
NOTE these articles also from the year 2005 where referenced in the article:
see Nov 2005, http://www.thestreet.com/markets/matthewgoldstein/10251000.html
and Oct 2005 http://www.thestreet.com/markets/matthewgoldstein/10245895.html

A few recent (2007) article re CCP:

July 2007: Cornell Capital Partners still doing the same type PIPEs
http://www.forbes.com/home/business/2007/07/12/earth-biofuels-bankrupt-biz-cz_df_0712earth.html
....plenty of embarrassment to go around here. In addition to Earth's red-faced celebrity directors, there are supposedly savvy fund managers, including Sandell Asset Management and Cornell Capital, who poured $50 million into Earth a year ago....


July 2007: Former SEC commissioner, Richard Y Roberts, appointed to the Board of Directors of Cornell Capital Partners Offshore, a private investment firm specialising in structured finance and direct investments.
http://www.hedgeweek.com/articles/detail.jsp?content_id=150770&livehome=true
....Yorkville Advisors LLC, the investment manager to Cornell Capital Partners -- a private investment firm that specializes in structured finance and direct investments -- announced that Richard Y. Roberts has been appointed to the Board of Directors of Cornell Capital Partners Offshore....


Jan 2007: ...The PIPEs market keeps expanding despite a long-running regulatory investigation that has cracked down on abusive trading by hedge funds in shares of small companies doing PIPEs. Some had feared the investigation would be a death-knell for the PIPEs market....
http://www.thestreet.com/newsanalysis/banking/10334514.html?puc=_tscs
...But if anything, the inquiry may have invigorated the market by driving out some of the bad actors and forcing the Wall Street firms that arrange PIPE deals to clean up their practices. The list of most active PIPE investors continues to include familiar players such as Iroquois Capital, Cornell Capital, NIR Group and LH Financial -- outfits that invest exclusively in PIPEs of small-cap companies. But the list of frequent PIPE players, according to Placement Tracker, also includes some big Wall Street names...

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