By Jason Paltrowitz, Executive Vice President at OTC Markets Group
Reposted with permission
General solicitation, crowdfunding, and testing the waters have fundamentally changed the public offering process. Raising capital online is emerging as an exciting, innovative new way for companies to access capital directly from investors.
“Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.” Jack Welch
As an entrepreneur, I always look forward to the New Year, and do so with my usual entrepreneurial enthusiasm of what might be ahead.
The Senate will soon ask Jay Clayton, President Donald Trump’s choice to head the Securities and Exchange Commission, why companies are staying private longer or avoiding the public markets entirely. It’s a good question. But the Senate should also ask why practically all public companies that make annual, quarterly, and periodic disclosures to the SEC still raise capital privately.
My regular readers already know that our mission at Ocean Thermal Energy Corporation (OTE) is to inspire sustainable living by building, owning, and operating fossil fuel-free Ocean Thermal Energy Conversion (OTEC) and Seawater Air Conditioning (SWAC) systems in tropical and subtropical regions of the world.
“If we want growing companies to go public, we need our public markets to be a competitive source of growth capital.” – Cromwell Coulson, CEO of OTC Markets
I am a big fan of the OTC Markets and I’ve posted a number of blogs and articles about it. I believe the OTC Markets is an exciting financial marketplace for businesses of all sizes. In fact, I have just listed my current venture on the OTCQB.
Expanding the scope of eligible issuers under Regulation A+ to include fully SEC reporting companies enhances the opportunity for capital formation for these job-creating companies. Seeing this bipartisan bill, sponsored by Representatives Sinema and Hollingsworth, pass in the House of Representatives is a significant step forward for US companies. -Dan Zinn, OTC Markets General Counsel
“One of the greatest values of mentors is the ability to see ahead what others cannot see and to help them navigate a course to their destination.” ~ John C Maxwell
Entrepreneurs with early stage companies often ignore the very real usefulness of an Advisory Board.
It’s the 21st century, and Earth faces more water crises today than ever before. Because only 3% of our planet’s water is fresh (and roughly 2/3rd of that water is locked away in glaciers and hidden spots around the world), over 1 billion people lack access to clean water entirely. March 22, World Water Day, is an annual event dedicated to bringing this global issue to light.
Our planet today is an ever-changing world consisting of complex weather patterns and environmental issues that must be addressed in order to preserve and develop sustainable solutions. Ocean Thermal Energy Corporation is in the process of doing just that.
“Upon review, DHS is planning to propose to remove the IER because it is not the appropriate vehicle for attracting and retaining international entrepreneurs and does not adequately protect U.S. investors and U.S. workers.” – United States Citizenship and Immigration Services.