SIVC...aml10021...Our base is higher than it was a month ago. But, we simply need more closed deals on a regular basis. I used to think we needed another merger, but, being paid as a financial advisor in deals such as the CHNC deal will add just as nicely to the revenues. I think the company made a mistake in not spelling out the dollar value of this deal. I plan on calling them to point it out to them. Most won't understand the value of this news if the revenue from it isn't disclosed.
This deal is worth $1,377,146 to SIVC. Here's how I calculated it:
An excerpt... Redwood Capital (a subsidiary of sivc) acted as a financial advisor for the equity offering and will receive cash and CHNC stock as a success fee for its participation
An excerpt... financial advisor in the PRC 289,012 shares of Common Stock and paid a transaction fee equal to 2.5% of the gross proceeds of the Private Placement.
289,012 x 3.90 = $1,127,146 + 2.5% of $10,000,000 = $250,000 For total compensation of $1,377,146
Not too shabby...;)
GLTA...KarinCA ;)
In Reply To 'aml10021' ***It seems very weak buying pressure despite the good pr. would be nice if the pps could be supported above .001 and then move higher. What kind of news will it take to achieve an upward trend?***
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