I'm heavily into Israeli companies NXUS the latest from today's watch list was 'followed' a while. BVRT is another that I missed for most of its gains, even though I was privy to all the information I still missed it, but I got into BVRT later and bought more during the last correction. I've got a 'boatload' of PARS to use a term I've heard before. I'm also into LDP albeit a little late, but now I've got all 3 incubators: HHGP, AIS and LDP. Looking to go long CMGI before the split as well.
Nexus and BVR Technologies Announce the Final Closing of a Private Placement Led by Soros Funds
GIVATAYIM, Israel--(BUSINESS WIRE)--Feb. 29, 2000--NEXUS TELOCATION SYSTEMS LTD. (Nasdaq:NXUS - news) and BVR TECHNOLOGIES LTD. (Nasdaq:BVRT - news) today announce that on February 28, 2000, Nexus closed on a $10 million second and final tranche of a total $25 million private placement in the Nexus group by a consortium of investors led by funds managed by Soros Fund Management LLC.
Of the $25 million, the Soros Fund has invested a total of $15 million and $10 million has been provided by a consortium of US and Israeli entities, including the Bassini Playfair group, Hapoalim Electronic Communications, Clal, Gladcove International Ltd. and SFK group's entities, with BVR Technologies investing $2.25M as part of the consortium (for further details regarding the transaction, see our previous Press Release of January 11, 2000). Nexus is a 25% owned affiliate of BVR Technologies following the private placement |
