Your welcome here's another big money deal SVB funded.
Covad Communications Group Inc., which provides integrated voice and data communications, said Thursday it has obtained a two-year, $50 million senior secured revolving credit with Silicon Valley Bank.
CMCP has specialized in the Slow Launch Public Offering. With a capability and breadth unique in the market, CMCP is able to guide a high growth private company into the public area with all the resources to provide the necessary capital, legal expertise and Investor Relations services to maximize the likelihood of success.
CMCP has successfully launched over 10 companies in this manner in the past five years, bringing in excess of $300 million of capital to these companies and generating in excess of $2 billion of market value.
Here is a list of the deals Cagan Mcafee has done and the share prices. PEIX $9.00 EPM $3.10 PDRT $3.60 MWII $11.75 WDWT .25 PKT $2.78 PFAP $13.25 (Brian Sherer and Cagan Mcafee)
Lefty we both should have bought some PFAP, Sherer and Cagan Mcafees last shell play. Last week it was trading at $10 X $12. Today it is now trading at $15 X $27. Last trade $19 +43%