Episode 70 of The Ticker Podcast – The Basics of Running A MicroCap Public Company
In the most recent episode of IR Magazine’s The Ticker Podcast, Jason Paltrowitz, of the OTC Markets Group, discusses making the public market experience work for small and micro-cap companies.
At the OTC Markets Group, Paltrowitz says; “We have so many companies on our market that we see the good the bad and the ugly.”
According to Paltrowitz the three core elements to quality small cap IR program are:
1. Timely disclosure – “Going silent never helps anybody and actually takes all that confidence away and time and again proves detrimental to the long-run health of a company.”
2. Right management team – Visionary or great investors don’t necessarily make chief executive officers. Same for CFO, important to have CFO with experience.
3. Having an IR strategy – According to Paltrowitz, the majority of investors in public companies with under $500,000,,000 market caps are “self directed” (self directed high net worth, family office, small institutions and individuals). Many microcap teams make the mistake of trying to get large institutional investor interested in their company but, for the most part, thinking large institutions are interested in you is “wasted time”.
Episode 70 of The Ticker Podcast also featured a roundup of which companies took home the top awards at the IR Magazine Awards – Canada 2017 and a discussion with Bo Qin, associate professor of accounting at the University of Melbourne, on when obfuscating excessive CEO pay can work for companies.
You can listen to the full podcast HERE.