Foreign Listed Companies: Consider Also Trading US ADRs

I am headed across the pond to spend some time in our firm’s London office this week. Why (besides the bacon sandwiches and good ale)? To meet with a bunch of folks about allowing the equity of already public UK companies to trade here in the US as American Depositary Receipts or ADRs. While this

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Thanks SiriusXM!

Your humble blogger was honored yesterday to appear on the SiriusXM Business Radio program “The Business of Health” hosted by the very capable Mitch Goldman. The topic: medical marijuana. We had quite the fascinating group of folks interviewed, including doctors, entrepreneurs and yrs truly. It was nice to get back to my alma mater, the

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IPO Market Comes Out of Hibernation

As the thermometer hits 79 today here in NY, the IPO market also seems to be thawing out of a long winter. Last week the BATS stock exchange went public and saw a 21% bump in its first day of post-IPO trading after raising about $250 million. BATS was significant as the first non-healthcare deal

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Filling SEC Commissioner Spots Gets Political

According to the Associated Press and others, the process of filling the two open SEC Commissioner positions is being held up primarily because of the nominees’ views on whether public companies should disclose their political spending. Key Senators have asked both Lisa Fairfax, the nominee for the Democratic seat, and Hester Pierce, tapped for the

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DEA to Decide on Rescheduling Cannabis

In a recent letter to some US Senators, the Drug Enforcement Administration said it’s going to decide during the first half of this year whether to reschedule cannabis from a Schedule I drug, currently deemed as dangerous and worthless medically as heroin. In two previous decisions they decided not to change it, but that was

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Did Star Trek Fan “Steal” the Klingon Language?

Boldly going where no lawsuit has gone before…major film studios are suing the producers of a crowdfunded Star Trek fan movie because, among other things, they use the Klingon language. The studios (Paramount and CBS), according to the ABA Journal, are bringing what appears to be a case of first impression – can you get a copyright on

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Spring Ahead!

As the chill of winter at last subsides here in the Northeast we change the clocks, sunset is later, and smiles slowly return to our faces. It is the season of renewal, love, blossoming, rooftop bars and yes for some final exams, hay fever and the end of ski season. But I go with the positive

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Are Equity Lines Coming Back?

The PIPEs Report last week tells us that equity lines of credit are making somewhat of a comeback. What are these? Kind of what they sound like – instead of a debt line, an investor agrees to give you money for stock anytime you want, up to a cap, but based on a discount to

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Regulation A+ Lawsuit Arguments Set

According to Crowdfund Insider, spring will be a key season for the lawsuit brought by two US states to challenge the SEC rules adopted under the Regulation A provisions of the Jumpstart Our Business Startups (JOBS) Act of 2012. On April 14, final oral arguments will be held in the US Court of Appeals in

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Here Come the Weed Exchanges

As reported by Bloomberg Business yesterday, an innovative entrepreneurial group has launched Amercanex Corp., where cannabis can trade on an electronic platform. They’re already handling sales of up to 150 pounds of pot per week. It’s not dissimilar to how the New York Mercantile Exchange started. In fact, Richard Schaeffer, a former Chairman of the NYMEX,

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