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Crexendo is a cloud networking, UCaaS, call center, collaboration, and other cloud business services provider. Cloud telecommunications and Web services are the company’s two segments. Its cloud telecommunications division provides companies with hardware, software, and unified communication solutions that run on IP or cloud technologies and can be accessed over any high-speed Internet connection. The web services division generates revenue from website hosting and other professional services.
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The hedge fund of billionaire Dan Och is on the verge of raising a red flag at the New York Stock Exchange. Since going public, shares of his Och-Ziff Capital Management Group LLC, one of the few publicly listed hedge-fund companies, have dropped 97 percent, to a record low of $1.01 on Monday. That puts the exchange just one cent away from a key threshold. Sears is being offered $80 million by a hedge fund to salvage a sour bet. (According to The Wall Street Journal)
According to a source familiar with the situation, one of Sears Holdings Corp.’s biggest creditors offered the troubled retailer more than $80 million in the hopes of salvaging a poor credit-insurance bet. According to this person, Cyrus Capital Partners LP outbid other hedge funds in an unusual auction for internal loan claims among various Sears subsidiaries. Before the Thanksgiving holiday, Sears put these intercompany loans up for sale, but it hasn’t said which offers, if any, it will consider. Shutterstock.com/oneinchpunch The Brevan Howard Asia Fund is expected to have the best returns in the last five years (Bloomberg)
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/PRNewswire/ — NEW YORK, March 8, 2018 /PRNewswire/ — — At the 30th Annual ROTH Conference, taking place March 11-14 at The Ritz Carlton in Dana Point, California, OTC Markets Group Inc. (OTCQX: OTCM), provider of financial markets for 10,000 U.S. and global securities, today unveiled the list of OTCQX® Best Market and OTCQB® Venture Market presenting firms. The following OTCQX companies are presenting at the conference: OTC Markets Group, Inc. (OTCQX: OTCM), OTC Markets Group, Inc. (OTCQX: OTCM), OTC Markets Group, Inc. (OTCQX: OTCM), OTC Markets Group The following OTCQB companies will be presenting at the conference: For existing, investor-focused U.S. and global companies that follow high financial requirements, are current in their disclosure, and are launched by a professional third-party sponsor, the OTCQX Best Market provides open and efficient trading. The honesty of OTCQX companies’ activities and the diligence with which they communicate their credentials set them apart. The OTCQB Venture Market is for early-stage and emerging U.S. and foreign companies that are current in their disclosure, have gone through an annual company verification and management approval process, and have a bid price of $0.01 or less.