As cash reserves dwindle and secondary markets fizzle, public companies turn to Pipe financing
America's stock exchanges are back in business. But the rhythm of capitalism is slow to rebound. As continued worries of a recession ripple through the economy and financial markets, we see glimmers of hope, excitement and opportunity shadowed by sadness and fear. In business, we have been experiencing a focused return to fundamentals. Many deals that would have been funded by the public markets are no longer interesting to investment bankers. Companies are reevaluating their relationships,
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