Press Releases
ThinkEquity LLC Completes Major Block Trade Of Youbet.com On Behalf Of Gemstar
San Francisco, CA - Sept. 9, 2004 — ThinkEquity LLC, a leading research-centric institutional investment firm, today completed a major block trade on a principal basis for 5,008,794 shares of Youbet.com, Inc. (NASDAQ: UBET) common stock at $2.671 per share (totaling $13,378,489) on behalf of ThinkEquity client Gemstar-TV Guide International, Inc. (NASDAQ: GMST), the leader in television guidance and technology. Youbet.com is a provider of PC-based communications technology. The transaction was completed at a five percent discount to the previous day's close.
"This is a major achievement for ThinkEquity LLC," said Michael Moe, Chairman and CEO of ThinkEquity. "It not only represents a significant transaction on behalf of our clients from both a corporate and institutional perspective but demonstrates ThinkEquity's ability to combine the elements of research, trading, sales, legal, operations and our capital markets groups to deliver world class investment services."
About ThinkEquity
ThinkEquity is a research-centric institutional investment firm focused on the growth economy. ThinkEquity merger with Panmure Gordon in March 2007 provides its clients with global investment banking services. The firm is dedicated to providing focused insight, advisory services, and capital to institutional investors and corporate constituents in the knowledge economy's key growth verticals, including technology, healthcare, media/education and consumer/business services. For more information about ThinkEquity, please visit www.thinkequity.com. Member FINRA and SIPC.
For more information please contact:
Peter Coleman
Chief Operating Officer
ThinkEquity
415-249-2900
or
Jennifer Jones
650-529-1416
jennifer@jenniferjones.com