That was my point exactly....you wrote
.Prospective new clients need to hear success stories
It's called proof of concept. Having proven success with ENHD/Chuming deal and raising 17 million dollars for this deal... is opening a lot of new doors for SIVC/Redwood.
Probably why JB keeps telling us things like....
The company's extensive network of contacts and the bourgeoning business landscape in China provides abundant deal flow for Redwood Capital....
The pipeline is much larger than just the announced clients...
"The highlight of this period would have to be the successful close of the Dalian Chuming acquisition by Energroup Holdings Corporation, publicly traded here in the U.S. Given the value of Dalian Chuming, as evidenced by its recently disclosed 2007 year-end financials, participating in this transaction was truly a watershed event in the history of Redwood Capital.
Sourcing new deals becomes much easier after participating in a transaction of that magnitude.....
Working very closely with Redwood Capital to reach, and perhaps even exceed, its goal of participating in at least one closed reverse merger transaction per quarter," Mr. Bickel added....
"Our participation in the successful close of the Chuming transaction significantly increased our profile in China, and we continue to see a consistent flow of potential clients for Redwood Capital to consider."
"As we continue to develop the pipeline for these transaction in China, we anticipate a fairly steady supply of Redwood Capital clients to be signed and transactions to be closed. Each company is unique, so it is difficult to predict exact timetables for close, but we are still focused on the goal of one closed transaction per quarter, a total of 4 per year."
"There is a great deal of current activity related to S3 and Redwood Capital...
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