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Friday, February 15, 2008 11:44:53 AM
Here is a PR from FFGO....FFGO is a POS and I'm not comparing SIVC to FFGO. Just want to point out one thing that may give people confidence SIVC really can raise money without dumping stock. SIVC now has something of value on their books to pledge against financing.
Fortress Financial Group, Inc. - Loan Facility
Company Secures US$5 Million Long Term Loan Facility
Fortress Financial Group, Inc. (PINKSHEETS: FFGO) has entered into a Long Term Loan Agreement in the amount of US$5 million. This initial loan agreement is a "non recourse" loan secured against a small portion of the Company's restricted stockholding in Hunt Gold Corporation.
Now SIVC
February 14, 2008 - 10:00 AM EST
S3 Investment Company Announces Redwood Capital Subsidiary's Receipt of Equity Payment From Participation in Dalian Chuming Acquisition Transaction
S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with two subsidiaries doing business in the China market, today announced that its Redwood Capital subsidiary has received the equity portion of its payment for providing advisory services for the recently closed acquisition transaction involving Dalian Chuming, a pork processing company based in China.
Redwood Capital has been issued 428,095 shares of Energroup Holdings Corporation, a publicly traded Nevada corporation that acquired all of the issued and outstanding capital stock of Precious Sheen Investments Limited, a British Virgin Islands corporation ("PSI") and parent company of Dalian Chuming. Energroup Holdings Corporation is traded under the symbol ENHD.
As reported this week in a Form S-1 Registration Statement filing with the SEC, institutional and accredited investors participated in a $17.0 million private placement with Energroup Holdings Corporation, paying $4.40 per share. At the placement price, the value of Redwood Capital's equity position would exceed $1.8 million.
If SIVC puts up their ENHD shares as security against funding it will give them access to a higher quality of financing then someone with no collateral. They have a tangible, verifiable asset on their books now.
2008-The Rainmakers Moneymakers. stock symbol RAIN
http://investorshub.advfn.com/boards/board.asp?board_id=11575
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