Corey Ribotsky (NIR Group)

Onyx and Breezy Helps Animals in Need

 The Onyx and Breezy Foundation is unique among animal welfare organizations. The stated mission of the foundation is “To provide financial support to credible organizations and individuals that benefit the welfare of animals.”

Corey Ribotsky of the NIR Group is a partner in this worthwhile endeavor, which gives financial support to the following activities:

1.    Medical facilities are provided with financial assistance to acquire equipment.

2.    Medical research is funded.

3.    In situations of hardship the foundation will provide medical treatment to animals in need.

4.    Providing funding for other organizations that assist animals and their welfare.

5.    Many other ways which improve and benefit the life of animals

Ribotsky: GM Bailout Deal a PIPE Transaction without a Doubt

 In an article published in June, 2009 on the on-line news magazine Reuters Hedgeworld, Corey Ribotsky of the NIR Group argues forcefully that the recent bailout or the failing mega company General Motors is just a PIPE deal by another name.

But what is a PIPE deal? Let’s take a brief look at this unique form of financing which is becoming more and more popular as the usual sources of capital get scarcer in our distressed economy.

The acronym PIPE stands for private investment in public equity.  PIPE financing can be a good choice for small to medium-sized publicly traded companies that need to raise capital but want to avoid the expense and regulatory issues which are necessary for making a secondary offering.

The private investment company buys the stock of the publicly traded company at a discount.

PIPEs come in two flavors, traditional and structured. Traditionally a PIPE allowed the private investor to purchase stock in the publicly traded company. This type of equity financing is the direct kind.

The structured PIPE is a bit more complex, and involves the publicly traded company issuing convertible debt. This type of PIPE is less risky for the private investor and does not reduce by dilution the value of the publicly-traded company’s stock, or outstanding shares immediately.

Sunrise Day Camp Offers Unique Experience for Children with Cancer

Sunrise Day Camp, with the help of people like Corey Ribotsky, offers a much needed alternative to sleep-away camp for children with cancer.

The day camp is professionally operated by the Friedberg JCC, and offers, free of charge, a full summer program which includes ball fields, swimming pools, club houses, volleyball, basketball, easily accessible playgrounds, ponds with ducks and fish, art center, miniature golf, driving range and more. After the full day of “fun in the sun” children then return to their homes in the evenings, where they can enjoy the comfort, safety and security of familiar surroundings and family members.

Corey Ribotsky is pleased and proud to provide support for such a unique and worthwhile endeavor.

Sunrise Day Camp for Children with Cancer

  Unique in the nation, the Sunrise Day Camp supports children, aged from 3-16, who are ailing from cancer or related disorders. The camp is offered to these children in crisis for free, on a non-sectarian basis.

The dedicated staff at Sunrise Day Camp is dedicated to insuring that children in their care receive the emotional, social, recreational and physical support that they need.

The NIR Group, headquartered in Roslyn, New York, with Corey Ribotsky as managing member, is happy and proud to be involved in the wonderful work that Sunrise Day Camp is doing for these children.

Corey Ribotsky Supports Sunrise Day Camp

Corey Ribotsky is the founder and managing member of the NIR Group in Roslyn, Long Island. Despite his busy schedule and demanding profession, he is still able to give of himself to various worthwhile causes in the greater New York/Long Island vicinity.

One of these very special organizations is the Sunrise Day Camp. Sunrise is the only day camp in the United States which is exclusively dedicated to children with cancer.

Children from as young as three and as old as 16 are welcomed to the beautiful 300-acre wooded site which is located on the Henry Kaufmann Campgrounds on the border between Suffolk and Nassau counties in Long Island.

Ribotsky Hopeful that PIPE Trade Group Will Educate Public Sector

One of the goals of the trade group Corey Ribotsky and the NIR Group plan to

establish for the PIPE investment space is education. Currently the U.S. government is using the special PIPE structure of financing everyday so that more people are becoming acquainted with this investment strategy.

Ribotsky is pleased that everyday more information about PIPEs become available to the benefit of the public, but he is also worried that some of the information is distorted. Ribotsky is hopeful that his trade group will provide the essential repository for accurate and useful information so that people can better understand just how PIPE transactions work.

Corey Ribotsky Creating PIPE Space Trade Group

The creation of a trade group for the PIPE investment space has been something Corey Ribotsky has been discussing through the years with others involved in this special form of investing.  Ribotsky envisions a group whose mandate will be not only educating the public on different aspects of PIPE investing, but to also, become involved somewhat in lobbying efforts.

The group is planning to provide vital information and other resources on PIPE investing, as well as education potential investors and anyone who is looking to obtain this type of financing.

Corey Ribotsky Initiates Trade Group

Corey Ribotsky told Opalesque on-line magazine that his investment firm, the NIR Group, is going to play a key role in the formation of a trade group for those involved in the PIPE investment space.  Included in this unique trade group will be all those involved in the PIPE space, including investors, service providers like lawyers, accountants and others.

Although the NIR Group itself tends to focus on micro to small cap companies the trade group will extend membership also to those in the mid to large cap market. Those involved in the larger cap markets will include placement agents, broker dealers, investment banks and more.

Corey Ribotsky Establishing PIPE Trade Group

In a discussion on what a trade group for PIPE investment space would look like, Corey Ribotsky of the NIR Group described education to be a large part of the mandate of this group. One of the initiators of the idea of a PIPE trade group, Ribotsky, Managing Member of the NIR Group, explained that in addition to the usual members of the trade group such as investors in PIPEs as well as service providers of various types such as lawyers and accountants, there will also be members whose job will be to educate the public and others about the PIPE investment strategy.

It is hoped that this trade group will be able to provide information and other resources on what PIPE investing is all about, including educating potential investors and anyone who might be interested in securing this type of financing.

Since lately the government has been using PIPE structures frequently there has been a lot more information about PIPEs in the public arena. However, sometimes this information is presented in a distorted fashion. Since at the moment there is no centralized place from which accurate information originates there is a high probability that distortion will ensue. Because of this problem Ribotsky believes education is a high priority for the PIPE trade group of the near future with the goal that all sides of PIPE transactions understand exactly how this specialized strategy works.

NIR Credit Partners: A Division of NIR Group

NIR Credit Partners, which launched a unique service last March to evaluate mortgage-related loans and securities, is a division of the NIR Group, headed up by Corey Ribotsky in Roslyn, New York.

Located in North Carolina, NIR Credit Partners is managed by Joe Parish and Scott Shannon, co-founders of the division approximately four years ago. Between the two managing partners they have over 48 years of experience in corporate and structured finance.

Before coming on board with the NIR Credit Partners, Shannon and Parish were founders of the Asset Securitization Division (ASD) within the Structured Products Group at Wachovia Securities.