I continue to speak to a large number of small-cap public companies that are in the process of raising funds to continue operating and growing their companies. I can hear the optimism in the voices of the CEO’s and CFO’s. In most cases, I am not acutely familiar with the arrangements they have, nor am I involved in their fund-raising process. However, given the...
As a child I learned the expression “you reap what you sow.” Over time and through experience I have learned that it is absolutely true. From time to time people forget this simple lesson and, in the case of the banking, investment and financial institutions of the United States in this recent economic crisis, sometimes people and businesses are forced to learn this lesson the hard way.
Over the last 20 years, incentives were created by congress to...