InvestorsHub Logo
Followers 3
Posts 637
Boards Moderated 0
Alias Born 11/22/2004

Re: None

Sunday, 12/12/2004 1:42:55 PM

Sunday, December 12, 2004 1:42:55 PM

Post# of 326352
"NeoMedia and its investment banker, Cornell Capital, are going to bring NEOM a number of opportunities to use its extensive shareholder base to effectively create mini-IPOs for private companies with which they have a banking relationship".

"Here is how the financial magic works. Cornell brings a private company to NEOM in which they have a financial interest via debt, equity or some combination. iPoint-Media Ltd. of Tel Aviv is the first example of this strategy".


Would anyone be kind enough to help a newbie out and explain what the implications may mean?
Judging from Friday's move, it's not a negative.