12 West Capital Discloses Research Solutions Position ~ market folly

Wednesday, July 6, 2016

12 West Capital Discloses Research Solutions Position

Joel Ramin's hedge fund firm 12 West Capital has filed a 13D with the SEC regarding shares of Research Solutions (RSSS).  Per the filing, 12 West now owns 32.9% of the company with over 8.32 million shares.

This is a newly disclosed equity stake and the filing was made due to activity on June 23rd. 

The company recently announced a private placement with "an institutional investor" where each unit consisted of 1 share of common stock and one warrant to purchase three-tenths of one share of common stock at an exercise price of $1.25 per share. 

You can view additional portfolio activity from 12 West Capital here

Per Google Finance, Research Solutions "subsidiaries include Reprints Desk, Inc. and Reprints Desk Latin America S. de R.L. de C.V. The Company, through its subsidiaries, provides on-demand access to scientific, technical, and medical (STM) information for life science companies, academic institutions, and other research-intensive organizations. It provides two types of services: Article Galaxy journal article platform (Article Galaxy), and Reprints and ePrints. Article Galaxy is its cloud-based software-as-a-service solution, which provides its customers with a single source to the universe of published STM content that includes over seventy million existing STM articles and over one million newly published STM articles each year. Reprints and ePrints services are charged on a transactional basis and order volume typically fluctuates from month to month based on customer marketing budgets and the existence of STM journal articles that fit customer requirements."

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