Al-Bawaba, "The Middle East Gateway," Receives Strategic Funding
From Group Of European And Middle Eastern Institutional Investors
I wonder what kind of payment THCG takes when they simply introduce another Venture Fund Company to an Internet start-up?
Can't be too big a bucks in that but at least they are out there trying.
<<Ziad Abdelnour, Managing Director of THCG, Inc., stated, "This fundraising has taught us that a company's stringent commitment to the execution of its strategy, adherence to timelines and tight reign on its purse strings will not go unnoticed by intelligent investors seeking an investment yielding a path to profitability.
Talk about a sound bite! Pretty lame attempt to pump up the value of this deal IMO.
...<<Furthermore, we are pleased that Al-Bawaba, a venture partner company of THCG, is serving as yet another example of how THCG's V3 approach to building global Internet enterprises is proving successful and continues to deliver results, despite volatile market conditions.">>
I wonder if THCG retains some kind of royalty in Al-Bawaba when and if they get off the ground based on this bold comment above, or is this a loose definition of "venture partner"?
Whatever works to get the share price moving again!
Puna |
