CVSU was a non trading company. Instead of using underwriter approach.. they chose to reverse merge into an already trading company..
That is now done..
PS.. FYI.. "market makers" is the incorrect term in this context and demonstrates how little Rufus knows. Firm underwriting is done with Broker dealers... who may act as market makers.
And another FYI.. the term "syndicated market distribution approach" is not really an industry term at all. It was apparently invented by another pink sheet company Sequoia Asset Management Group "SQMG"
In fact it appears as Rufus "borrowed" quite a bit from them.. Does this look familar??
SEQUOIA ASSET MANAGEMENT GROUP (Pink Sheets:SQMG) is a diversified holdings company which was formed to originate, fund and source funding for asset-based transactions in the private market. SQMG's main products will be to acquire, provide funding and insurance to its target asset based companies in the currently underserved $10,000,000 to $100,000,000 asset finance market. SQMG provides economical and efficient use of capital while providing a valuable opportunity of loans to and or investment in small and medium sized businesses by providing asset based funding against marketable “income producing and insurable” assets. Our funding will enable our businesses to compete more effectively, improve operations and increase property value. SEQUOIA ASSET MANAGEMENT GROUP (SQMG) will issue a series of securities to a limited accredited investor market based on different asset groups to create transactional and operational capital. Thereafter SQMG shall arrange to package each asset or asset group into asset-based securities (ABS) and at a later time thereafter spin-off a special purpose vehicle with an income stream to the accredited investor market. These transactions will accomplish the dual purpose of funding transactions and increasing operational capital and shareholder value. If necessary we will group assets and insure them as to title, liens and against loan loss, when appropriate, prior to issuing any asset backed security. We are the management company to manage all ABS securities outstanding and eventually assist the management of the spin-off special purpose vehicles.
here is that particular phrase.. it looks strangely familiar too.. The Company's plan of operations for the remainder of 2006 is to raise capital against its asset base and develop its’ role in the niche market for securities offerings using asset based funding techniques. This entails the development of the SQMG business model. In 2006 SQMG intends to identify and fund companies and projects. SQMG intends to list its stock on the NASD. To this end, SQMG is in discussion with various market makers to engage in a firm underwriting using a syndicated market distribution approach.
It seems Rufus is better at copying and pasting than he is at actually creating something... and he said it was an original plan.. tsk tsk tsk.
Market Data 
Markets 
AI
