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Post# of 4981391
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Re: pelicaninnc post# 93439

Tuesday, 08/24/2004 9:43:24 PM

Tuesday, August 24, 2004 9:43:24 PM

Post# of 4981391
Has a Cornell-financed company ever succeeded?

I checked all the companies at http://www.cornellcapital.com/domestic.asp -- it appears that soon after financing, share price drops quite rapidly. However, it will be interesting to see how these companies do longer-term, after they get on their feet, dilution is mostly done, and revenues come in.

I'm concerned about ITCV--they have Cornell financing, yet they are also getting other financing from the State of California. As part of their loan, ITCV will be releasing shares from an escrow account to Cornell every 7 days--hopefully Cornell cannot inundate the market with their shares this way? ITCV is starting an uptrend--will Cornell be able to beat it down?





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