Tag Archives: Toxic Funding

Update on MicroCap Toxic Debt Class Action Lawsuit

In September, two New York law firms, The Basile Law Firm P.C. and Phillipson & Uretsky, LLP announced that they have opened an investigation into a potential class action lawsuit against New York based lenders of short-term loans to microcap companies trading on the OTC Market.   We checked in with Mark Basile, Esq. (of The Basile Law Firm P.C.)

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Toxic Debt: What is it and How Can Micro-Cap CEO’s Avoid it? [Guest Post]

Guest Post By: Mike Starkweather The term toxic debt gets tossed around regularly in the micro-cap space, and yet most people don’t understand what it means or why a CEO would accept a loan with such volatile terms. First, it is important to understand what the term toxic debt indicates before we can break down how debt becomes toxic and why

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Law Firms Announce Investigation of Potential Class Action Against Microcap Toxic Lenders

Today, two New York law firms, The Basile Law Firm P.C. and Phillipson & Uretsky, LLP announced that they have opened an investigation into a potential class action lawsuit against New York based lenders of short-term loans to microcap companies trading on the OTC Market. The class action being investigated and considered is on behalf of OTC Market public microcap

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4 Reasons Why Restructuring Is A Better Route Than Litigation For MicroCap Funders & CEOs

In a recent post on LinkedIn, Tom Allinder discussed “Why an Alternative to Litigation is better for Lenders and Funders.” Allinder says the primary reason a funder should choose restructuring over litigation is because, through a restructure, funders have a much greater chance of receiving a return of capital (and a profit). For direct microcap investors, Allinder says restructures are

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MicroCap Toxic Debt – A Guide For MicroCap CEOs

Toxic debt is a very important topic for microcap professionals but it is seemingly taboo to discuss microcap toxic debt in public (on the internet). There are few reliable sources of information on microcap toxic debt online. We have compiled some of our best content on the topic and will continue to add links to this post as we add more to our website. 

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