Tuesday, September 23, 2014 11:45:57 AM
Ah, learning from the past...
Southridge enters into an Equity Purchase agreement with Competitive Technologies, Inc.
January 10, 2013
RIDGEFIELD CT, January 10, 2013 , –Stephen Hicks, Chairman and CEO of Southridge has announced that Southridge, an Institutional investor, has entered into an Equity Purchase agreement with Competitive Technologies, Inc. (CTTC)
Southridge is dedicated to helping clients achieve their intended goals.
About Southridge
Southridge is a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies. Since 1996, the structured finance team has made direct investment of over $1.7b into growth companies globally. Our expertise lies in our ability to customize a financing plan for the prospective client and then execute on that plan without fail.
--------------------------------------------------------------------
And look what the stock did after the financing in January 2013....after Steve Hicks was allowed to sell his shares. Coincidence? Hardly.
CTTC was at $0.50 when they did the financing with Hicks and Southridge in Jan. 2013. Ten months later, the stock was at $0.05.
Down 90%.
Steve Hicks has been involved in numerous financings of companies whose stock has gotten clobbered in the market after he "purchases" the stock at huge market discounts and dumps them into the market.
And Hicks and Southridge have been in numerous lawsuits with these naive companies and CEO's who entered into these agreements. Companies wake up after the fact and go--"We did not know you could sell like that and destroy our stock!" Stupid IS as Stupid DOES. LOL
You would think people would learn to "GOOGLE' first before taking money from these sharks. That is why smart investors bail out when they see financiers like Hicks show up. The mark of a stupid CEO or management IS getting money from these guys.
Lesson learned here, at least.
Southridge enters into an Equity Purchase agreement with Competitive Technologies, Inc.
January 10, 2013
RIDGEFIELD CT, January 10, 2013 , –Stephen Hicks, Chairman and CEO of Southridge has announced that Southridge, an Institutional investor, has entered into an Equity Purchase agreement with Competitive Technologies, Inc. (CTTC)
Southridge is dedicated to helping clients achieve their intended goals.
About Southridge
Southridge is a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies. Since 1996, the structured finance team has made direct investment of over $1.7b into growth companies globally. Our expertise lies in our ability to customize a financing plan for the prospective client and then execute on that plan without fail.
--------------------------------------------------------------------
And look what the stock did after the financing in January 2013....after Steve Hicks was allowed to sell his shares. Coincidence? Hardly.
CTTC was at $0.50 when they did the financing with Hicks and Southridge in Jan. 2013. Ten months later, the stock was at $0.05.
Down 90%.
Steve Hicks has been involved in numerous financings of companies whose stock has gotten clobbered in the market after he "purchases" the stock at huge market discounts and dumps them into the market.
And Hicks and Southridge have been in numerous lawsuits with these naive companies and CEO's who entered into these agreements. Companies wake up after the fact and go--"We did not know you could sell like that and destroy our stock!" Stupid IS as Stupid DOES. LOL
You would think people would learn to "GOOGLE' first before taking money from these sharks. That is why smart investors bail out when they see financiers like Hicks show up. The mark of a stupid CEO or management IS getting money from these guys.
Lesson learned here, at least.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
