Growth Capitalist (https://growthcapitalist.com/tag/apo/page/4/)
Paulson Capital Corporation (PLCC) announced that it has raised $11,000,000 in a Common Stock transaction. Issuer counsel was Holland & Knight. Note that concurrently with this Placement, the Company completed a reverse merger with Variation Biotechnologies (US), Inc. Further details have yet to be disclosed. via PlacementTracker.
The SEC has won a $19M default judgment against the chairman and chief executive officer of China MediaExpress Holdings (CCME). The formerly Nasdaq-listed China-based company was itself recently found liable for $49M in disgorgement and penalties relating to a “scheme to mislead and defraud investors by, among other things, grossly overstating China Media’s cash balances.”
At the time, the company claimed to have over $170 million in cash deposits, when the actual cash held by the company was just $10 million. The misleading financial information led to a tripling of the company’s stock price, allowing it to raise more than $53 million from investors – most notably a fund led by AIG’s former chairman Hank Greenberg – via equity private placements. The CEO, Zheng Cheng, was also found guilty of knowingly signing off on the financial representations in SEC filings, and of offering $1.5 million to bribe an investigator sent by its external auditor to verify the company’s bank records.
California Gold Corporation (CLGL) announced that it has raised $2,942,495 in a Convertible Promissory Notes transaction. The fixed conversion price of the Convertible Promissory Notes is $0.005 per share, an approximate 44.44% discount to the market price ($0.009) of CLGL at deal announcement. CAVU Securities, LLC and Palladium Capital Advisors acted as agents on the transaction. Issuer counsel was Gottbetter & Partners, LLP. The transaction closed on February 07, 2014.
Bitcoin Shop, Inc. (TUCND) announced that it has raised $1,875,000 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $0.50 per share. The transaction closed on February 06, 2014. Note that concurrently with this Placement, the Company completed a reverse merger with BitcoinShop.us, LLC. Because trading in this stock was inactive on the Closing date, PlacementTracker will not track Post Deal Stock Performance of this transaction.
