Dow Hits New High

The Dow Jones Industrial Average has beaten the previous record high of 14,198.10 set in October 2007. That’s a pretty cool thing. If only we felt as positive and optimistic as we did in October 2007, but then again that’s just when things started getting bad but we didn’t know that was coming. The good ...

More on Dow Jones as it Flirts With All-time High

On October 9, 2007, most of us in the finance world were riding pretty darn high. We had watched a frothy market runup that had been unprecedented. On that day, the Dow Jones hit its still all time high of 14,164. From there it rode its way all the way down to the 6000s range ...

Reverse Merger Market Improving 2

We learn from the latest DealFlow Report that November has already been the best month for reverse mergers since June. Eight deals have already been completed this month. If one more gets done then it will tie November of last year. There is no question that bad press and last year’s addition of the “seasoning” ...

Will “Convertible Equity” Catch On in #Angel Financings?

A major advisor to entrepreneurs, working with a major law firm, has developed a new type of security that they believe is particularly advantageous in “angel” stage financings, which they call convertible equity. Many angel deals are structured as convertible debt, providing that the debt converts into the next financing at some agreed upon discount, ...

The (Good?) Old Days – Part IV – Cable News

While not as dramatic a change as the PDA, the Internet and computer technology, the advent of 24-hour cable TV news stations ushered in significant changes in so much in our society. CNN launched in 1980 and only available on cable. Why does that matter? Because in 1980 many people did not have cable TV, ...

The (Good?) Old Days – Part III: Internet and Computer Technology

Very possibly the most significant development of the last century, possibly forever, is the advent of the Internet, email and computer technology. They have dramatically changed how just about all business is done for sure. Before all this, back when I started practicing law at a big firm, getting a distribution of documents out was quite ...

The (Good?) Old Days: Part II- Cell Phones

There are a number of extraordinary technological developments that have literally changed our lives both personally and in the business world. Here let’s just ponder the cell phone/PDA. When I started practicing law, phone calls were on the phone. You had to be somewhere where a thing with a wire was attached to a wall. ...

The (Good?) Old Days: Part I

So much was different back when I started practicing law. Lawyers and their secretaries did not have computers, only a word processing center in the basement did. The fax machine was very new and very very slow. FedEx was still Federal Express. Email and the Internet did not exist (at least as far as we knew), ...