Firsthand Technology Value Fund (SVVC) is a BDC focused on venture capital. Readers with limited familiarity with BDCs should read my recent article that serves as a primer on BDCs as well as warnings about their fees, conflicts of interest and potentially poor governance.

SVVC has been trading recently around $4 per share despite the Company’s estimate that its NAV is well over three times that amount. The next few sections briefly describe the path that eventually led to SVVC’s dismal state.

Past Bright Spots

On July 17, 2014 SVVC reported an NAV of $27.30 per share and disclosed that its top two holdings were Twitter and Facebook! But the early bright spots soon began to be overshadowed by the poor performance of other portfolio companies.

Nevertheless, on 10/19/18 SVVC announced a “Preliminary NAV of $29.18 Per Share as of September 30, 2018″ and that “Holdings Include Pivotal,

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INCLINE VILLAGE, NV / ACCESSWIRE / October 13, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the “Company”), an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources in Nevada, is pleased to provide the following Shareholder Letter.

Dear Valued Shareholders,

I am excited to share with you reflections on American Battery Metals Corporation’s 2020 achievements and to preview our plans for the year ahead.

As you know, American Battery Metals Corporation (soon to be re-named American Battery Technology Company “ABTC”) is a startup company in the lithium-ion battery industry. We have built a clean technology platform that increases production of primary metals used in the batteries that power electric cars, grid storage applications, consumer electronics and tools.

Our green platform creates a circular economy for battery metals that champions ethical and environmentally sustainable sourcing of critical materials.

ABTC has built its capacity to produce these metals

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ELKO, Nev., Oct. 13, 2020 /PRNewswire/ — U.S. Gold Corp. (NASDAQ: USAU) (the “Company”), a gold exploration and development company, today announced that it has issued a letter to its shareholders outlining the Company’s recent and expected milestones, as it continues to advance its assets and projects.

Recent Company highlights include:

  • Acquisition of Northern Panther Resource Corporation, which provided USAU with the Challis Gold Project in Idaho, additional capital and some key industry shareholders
  • Strengthening of the management team with the appointments of George Bee as President and Eric Alexander as CFO
  • Commencement of the CK Gold Project Pre-Feasibility Study

“This year has been anything but normal with the ongoing upheavals caused by the COVID-19 pandemic, but I’m proud that U.S. Gold Corp. has continued to push forward and advance our portfolio like the CK Gold Project and grow our business with the acquisition of Northern Panther,” stated

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CleanSpark, Inc. (CLSK) claims to provide software as a service, physical controllers, and consultation services to renewable energy infrastructure. This allows the company to have a diverse range of tools and abilities to help a client create a suitable microgrid platform. However, the reality is CLSK’s microgrid business has not gained any traction, and we doubt it ever will.

CLSK was a former OTC traded stock and got uplisted to the Nasdaq on 1/24/20. CLSK has been trading between $2-$3 from early March until early July, which is a fraction of its current price, which closed at $10.40 on 10/7/20. We believe the reason for the rapid rise in share price is due to news flow with buzz words that attract retail investors, primarily regarding microgrids and electric vehicle batteries and charging stations, sectors that have become hot this quarter.

However, its business hasn’t generated significant revenues and its losses

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RADNOR, Pa. & NEW YORK–(BUSINESS WIRE)–The law firms of Kessler Topaz Meltzer & Check, LLP and Bernstein Litowitz Berger & Grossmann LLP, as Co-Lead Counsel, announce that the court-appointed Lead Plaintiff represented by the firms have filed a Consolidated Complaint in the securities fraud class action lawsuit pending against Luckin Coffee Inc. (“Luckin”) (formerly trading Nasdaq: LK; now OTC: LKNCY). This action, captioned In Re Luckin Coffee Inc. Securities Litigation, Case No. 1:20-cv-01293-LJL-JLC, was filed in the United States District Court for the Southern District of New York and alleges violations of federal securities laws on behalf of Luckin investors who purchased or acquired the American Depository Shares (“ADS”) of Luckin from May 17, 2019 through April 1, 2020, inclusive (the “Class Period”), including those who purchased ADSs in or traceable to Luckin’s initial public offering on or about May 17, 2019 (the “IPO”), or Luckin’s secondary

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Alphabet and Google CEO Sundar Pichai sent a warning to employees following the settlement of a shareholder lawsuit accusing the board of mishandling sexual misconduct allegations against past executives.

Pichai, in an email to the company’s employees, wrote, “I hope these commitments will serve as a strong signal to all of you that we are not going back in time,” as quoted by CNBC.

“It’s very important to me that we hold ourselves to the highest possible standard as a workplace on issues of misconduct, and provide care and support to people who report it…I’ve been working closely with our teams and our board to ensure that we are doing this,” Pichai added.

Shareholder lawsuit

Alphabet last week reached a $310-million settlement in a shareholder lawsuit over its handling of sexual misconduct allegations against past executives.

In 2018, thousands of Google employees had walked out in protest following a

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The MarketWatch News Department was not involved in the creation of this content.

New York, NY, Sep 16, 2020 (GLOBE NEWSWIRE via COMTEX) —
The Aspen Institute Business & Society Program, in partnership with Korn Ferry (NYSE: KFY) today released “Modern Principles for Sensible and Effective Executive Pay,” outlining a new path for executive compensation that moves from a shareholder-centric approach to including other priorities, such as fairness, employee well-being and other commitments to ensure long-term business success. The report points to key areas that must be addressed to align pay and incentives with Board responsibility and the changing role of the CEO.

“From the Business Roundtable to the World Economic Forum, the leaders of America’s largest corporations have committed to serving the interests of workers, communities, customers and the environment, along with shareholders” said Judy Samuelson, Executive Director of the Aspen Institute Business & Society Program. “Yet the strongest

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By Munsif Vengattil and Paresh Dave

Children play around a sign of Alphabet Inc's Google outside its office in Beijing

Children play around a sign of Alphabet Inc’s Google outside its office in Beijing

(Reuters) – Alphabet Inc on Friday settled a shareholder lawsuit that accused the Google parent of covering up lavish exit packages to executives found responsible for sexual misconduct, saying it would overhaul workplace policies and increase oversight of its diversity efforts.

The company will prohibit severance packages to employees who are subject to any pending investigation for sexual misconduct or retaliation. Sexual misconduct accusations against senior executives will be investigated by a “rapid response” team, and they will be barred from amending their stock-selling plans while under investigation.


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Penalties and training will be made more consistent. And Google employees will be able to publicly discuss the facts of their cases.

A new council to oversee diversity efforts will include executives including CEO Sundar Pichai

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A statement of shareholder equity is a section of the balance sheet that reflects the changes in the value of the business to shareholders from the beginning to the end of an accounting period.

If the statement of shareholder equity increases, it means the activities the business is pursuing to boost income are paying off. If the statement of shareholder equity decreases, it may be time to rethink those initiatives.

What is a statement of stockholders’ equity?

A statement of stockholders’ equity is another name for the statement of shareholder equity. This section of the balance sheet is also known as a statement of shareholders’ equity or a statement of owner’s equity. It gives shareholders, investors or the company’s owner a picture of how the business is performing, net of all assets and liabilities.

The statement of stockholders’ equity is the difference between total assets and total liabilities, and is

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The US Securities and Exchange Commission (SEC) voted 3-2 on Wednesday to make it tougher for shareholders to push companies on issues such as climate change, social justice and diversity, with Democratic commissioners dissenting against the move.

The rule, first proposed by the SEC last November, raises the bar for submitting shareholder proposals to companies’ annual ballots and increases the proportion of the vote a proposal must win before it can be resubmitted.

The SEC and corporate lobby groups have said the decades-old rules need to be modernised to stop niche issues clogging up corporate ballots – a risk that SEC chair Jay Clayton said on Wednesday could impose “significant” costs on companies and other shareholders.

But the changes sparked blowback from many investors, lawmakers, and the SEC’s own Democratic commissioners, who warned it would kill proposals on climate change, racial justice, and the COVID-19 pandemic just as corporate America

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