Adam Epstein is a corporate director, and a special advisor to small-cap companies through his firm, Third Creek Advisors, LLC (“TCA”). He is the author of The Perfect Corporate Board: A Handbook for Mastering the Unique Challenges of Small-Cap Companies (New York: McGraw Hill, 2012). Prior to founding TCA, Mr. Epstein co-founded and was a principal of Enable Capital Management, LLC (“ECM”). During his tenure, ECM’s special situation hedge funds invested in more than 500 small-cap financings in the United States, the European Union, and Australasia. During this interview, we cover a broad range of topics relating to micro-smallcap companies. (Click the Play button below to Listen). Read More …
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MicroCapClub Interview with Adam Epstein Author of The Perfect Corporate Board
Posted February 22, 2013 By Ian Cassel in Blog, Broadcasts, Interviews With | No Comments
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Book Review: The Perfect Corporate Board by Adam Epstein
Posted February 16, 2013 By Ian Cassel in Blog, Book Reviews With | No Comments
In a previous interview I did with the late David Thomson I asked him what he thought was the biggest deterrent to an emerging growth company’s success. To my surprise he said, “the corporate board”. His response really got me thinking about why this is and why no one is really talking about it. Fortunately only a few months later, Adam Epstein wrote a great book talking about this topic as it relates to micro-smallcap companies. Read More …
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What’s Behind the Dramatic Decline in IPOs?
Posted October 10, 2012 By Ian Cassel in Blog, Question & Answer With | No Comments
I’m going to be interviewing Tim Keating, CEO of Keating Capital (KIPO), next week here on MicroCapClub. I met Tim earlier this year when I was visiting some microcap companies and investors in the Denver area. He recently wrote an article for FOXBusiness that talks about a recent report by Grant Thornton that concludes increasing tick sizes would jump-start the small IPO market (sub $50m). I thought the article was very thought provoking, so I’ve published it below. Read More …
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The MicroCap Advantage
Posted July 13, 2012 By Ian Cassel in Blog, Educational With | No Comments
In 2010, Dr. Gerald Perritt, Founder of microcap fund bellwether, Perritt Capital Management wrote the following piece, “The MicroCap Advantage”. Dr. Gerald Perritt has since sold Perritt Capital Management to Michael Corbett whom I interviewed recently. In “The MicroCap Advantage” posted below, Perritt makes his point that extraordinary returns have historically been found in the microcap arena. Read More …
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Will Raising Bid-Ask Spreads Increase MicroCap Liquidity?
Posted July 8, 2012 By Ian Cassel in Blog, Question & Answer With | No Comments
Reuters published an article on Friday stating that the SEC is thinking about raising trading increments for small-microcaps in hopes of increasing liquidity. They are talking about increasing the minimum spread from 1c to 5-10c. The logic is wider bid-ask spreads = more market makers will make markets = more liquidity = more trading = more revenues to financial institutions = more jobs. I think this = INSANE. Lets hope that if it is implemented it would be limited to $5.00+ PPS stocks. Increasing the spread of lets say a $1.00 stock from 1.00 (bid) x 1.01 (Ask) to 1.00 x 1.10 makes me want to throw up. And when has the government started caring about increasing financial institutions revenues? Anyway, enough of my rambling, here is the article: Read More …
