Innovative Industrial Properties Inc. is planning to be a real estate investment trust. Its mission, as disclosed in its SEC filing last week for its planned IPO, is to be "focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed...
I know too many people battling lyme disease. It is a misunderstood and wrongly made fun of illness. It generally comes from bad tick bites. If you treat it quickly with antibiotics it goes away. If you don't you can face a lifetime of challenges....
It may just be as important a development as the first mass production of cars by the Ford Motor Company in the 1920s. That same company, Ford, announced yesterday it will build a fleet of driverless cars for ride sharing or ride-hailing by 2021. That...
In a significant but not entirely unexpected or surprising blow to the cannabis industry, the Nasdaq stock market has decided to reject the attempt by MassRoots, a social networking site for cannabis enthusiasts, to list on their exchange. The reason: because they may be deemed to...
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...
A Greek historian first wrote of them in the 5th Century BC. Marco Polo thought he saw some (but they were rhinos). Genghis Khan turned his army back from a planned invasion of India because one apparently bowed to him, which he thought was a...
It's pretty rare but it happened. In January, there were zero IPO pricings. That hasn't happened since 2011. But there is hope for private companies seeking an orderly path to exit for investors. First, of course every time the IPO window shuts, it eventually opens...
Yes his name is still causing headlines. Ponzi schemer extraordinaire Bernie Madoff, the 77-year old who attended Far Rockaway High School in NY a few years after both my parents, pled guilty to fraud back in 2009 and is now serving a 150 year sentence....
Now that trading is done (for most thankfully) for 2015, here's the scorecard. The S&P 500 was down about 1%. The Dow Jones Industrial Average was down 2.23%, the first time we had a down year since, gulp, 2008. The Nasdaq tech-heavy index was up...
The OTCQX, owned by OTC Markets, Inc., announced last week that they are increasing their listing and governance requirements effective January 1. The QX is the highest tier of trading among the OTC options. There will now be a higher initial bid price of $0.25 to...