Another first for Elio Motors, having now completed their IPO and starting to trade on the OTCQX market under the symbol ELIO. This is the first Regulation A+ deal to trade. Congratulations to all involved in that deal. Put a pin in this as really the...
Last week the House of Representatives passed seven bills focused on small business that had come from the Financial Services Committee. They now move to the Senate. Here's a brief summary of 3 of the bills. First, the SEC Small Business Advocate Act (H.R. 3784)...
Elio Motors CEO Paul Elio must be pretty happy. According to Growth Capital Investor, he has apparently raised about $17 million through his Regulation A+ Tier II offering and is getting ready to close and start trading on the OTCQX. He says he will need...
As we know, Title III of the Jumpstart Our Business Startups (JOBS) Act of 2012 set up a system for companies to raise up to $1 million from any number of investors, whether or not accredited, without SEC registration of the offering. All offerings must...
I'm reminded of the late great comic George Carlin and his love for words and needling the establishment. During his standup on the first episode of Saturday Night Live, he famously quipped, "The term jumbo shrimp has always amazed me. What is a jumbo shrimp? I...
The cannabis world continues to expand, mostly with small steps but positive nonetheless, and this is especially true for publicly held companies in the marijuana space. That's what I learned at the Viridian Capital cannabis investor conference today here in New York, where I gave...
In a significant setback, but not really a surprise, for the cannabis industry, the Denver Post reports that newly formed Fourth Corner Credit Union in Colorado cannot force the Federal Reserve Bank to give it approval to operate under federal law. The Fed initially denied Fourth...
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...
What a year this was! As my law firm gets ready to host hundreds of people for its annual New Year's Eve event (we have a perfect view of the ball drop in our Times Square office), I'm thinking about how much has happened in...
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...