Saturday, March 01, 2008 11:31:32 AM
This is my first post, so forgive me if I am repeating anything. I've held a silent, long position for awhile and have been watching the message board periodically. Things look very promising for the near future. I'm curious to get some opinions regarding Accentcare and a reverse merger.
According to their website, a press release in May 2003, announced that it had raised $5 million in convertible notes in a round with participation from existing investors Three Arch Partners, Highland Capital Partners, Piper Jaffray Ventures and Salix Ventures. Don't these venture capitalist types generally want an exit strategy in a period of 3 to 5 years? Don't they also usually look for gains exceeding 100% and not a simple 10% interest return on a loan? Well,it seems that the five year mark is rapidly approaching and a reverse merger provides higher returns than a simple acquisition or buy out. Just wondering if you think this logic supports the reverse merger potential or is it wishful thinking?
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