Very interesting to note that Maxim Group was the underwriter of Vringo (VRNG) and especially more when you look at the business description of VRNG:
Vringo, Inc., a development stage company, provides a range of software products for mobile video entertainment, personalization, and mobile social applications. The company's products include the Video Ringtones product platform that allows users to create, download, and share mobile entertainment content in the form of video ringtones for mobile phones; and Facetones, which allows users to create social picture ringtone and ringback content in the form of animated slideshows sourced from friends social networks. Its products also comprise the Video ReMix, an application that allows a user to create own music video by tapping on a smartphone or tablet, in partnership with music artists and brands; and Fan Loyalty, a platform that allows users to obtain video and video ringtones, view information on certain reality television series, and stars and vote for contestants. The company was founded in 2006 and is headquartered in New York, New York
So it would appear to me that they know the market and would find the appropriate investors.
Vringo, Inc., a development stage company, provides a range of software products for mobile video entertainment, personalization, and mobile social applications. The company's products include the Video Ringtones product platform that allows users to create, download, and share mobile entertainment content in the form of video ringtones for mobile phones; and Facetones, which allows users to create social picture ringtone and ringback content in the form of animated slideshows sourced from friends social networks. Its products also comprise the Video ReMix, an application that allows a user to create own music video by tapping on a smartphone or tablet, in partnership with music artists and brands; and Fan Loyalty, a platform that allows users to obtain video and video ringtones, view information on certain reality television series, and stars and vote for contestants. The company was founded in 2006 and is headquartered in New York, New York
So it would appear to me that they know the market and would find the appropriate investors.
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