[15494] in Public-Access_Computer_Systems_Forum
Your chance to buy Undervalued Shares! Breaking News Alert
daemon@ATHENA.MIT.EDU (Rickey Connor)
Thu Jul 29 11:11:17 2004
Message-ID: <ff7-f-y4u$w-0rw1l2855$1b2208@qa3ubs.5ao>
From: "Rickey Connor" <pnaranjo@att.net>
Reply-To: "Rickey Connor" <pnaranjo@att.net>
To: paco@mit.edu
Cc: <pacs@mit.edu>, <paddle@mit.edu>, <padma@mit.edu>, <padraig@mit.edu>,
<pae@mit.edu>, <page@mit.edu>, <paige@mit.edu>
Date: Thu, 29 Jul 04 14:05:23 GMT
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Corpfin, Inc.
Symbol: CFNC
Current Price: $0.15 - 12-Month Price Target: $2.25
Breaking News Alert
RECENT NEWS: ATLANTA, Jul 15, 2004 /PRNewswire-FirstCall via COMTEX/ -- C=
orpfin, Inc. (OTC Bulletin Board: CFNC), a licensed broker-dealer based in=
Atlanta, Georgia, today announced that it had completed a record number o=
f financings in PIPE (Private Investment in Public Equity) transactions fo=
r the 2nd Quarter of 2004. Over the last quarter, Corpfin surpassed its pr=
evious highs over the same time period for PIPE transactions placed and to=
tal revenues received. During the three-month period ended June 30, 2004, =
Corpfin acted as placement agent and successfully raised capital for five =
separate publicly traded companies, with total dollars raised exceeding $8=
,000,000. In addition, Corpfin is currently engaged by several additional =
public and private companies to assist them in raising capital.
"Based on the recent changes Corpfin made to its business, including the a=
ddition of certain personnel, we are able to take greater advantage of the=
ever-growing PIPE market," says John Canouse, CEO of Corpfin. "We are ple=
ased with the new key additions to our investment banking team and look fo=
rward to their continued success in the future."
Corpfin has been a licensed broker-dealer since its inception in 1999. It =
specializes in private placements and financings for public and private co=
mpanies, as well as certain corporate finance functions, including busines=
s consulting and merger and acquisition services.
Several key factors indicate that CFNC, currently trading at only 15 cents=
, is severely undervalued and positioned for substantial near-term growth:=
CFNC has only 24 million shares outstanding, giving the Company a very low=
market cap of less than $5 million. A relatively low float of 4 million =
shares suggests that accelerating demand will lead to sharply rising share=
prices.
PlacementTracker reported that investment-banking firms reported a record =
amount of investment banking and advisory fees from PIPE transactions in t=
he first quarter of 2004.
The PIPE Industries first quarter 2004 fee total of $139 million was up fr=
om $36 million reported in the same period in 2003. This 356% one year inc=
rease corresponds to a record quarter for PIPE issuances, with a total of =
$4.9 Billion raised in the PIPE market during the first quarter of 2004.
The Company's management team has extensive experience in the private plac=
ement marketplace and is focused on major growth.
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