Archive for the 'General' Category

Need Investment Capital? Go Public On The OTCBB

Most companies who are on the venture capital trail are not set up properly to attract investors. When an investor looks at your business plan and private placement memorandum they are looking for certain things. Of course funding sources look for the obvious, a solid business model, positive cash flow, industry genre with solid future growth, recession proof business (if there even is such a thing) and minimal debt.

Arena Football League To Fold, Will Declare Bankruptcy

After canceling their 2009 season, the Arena Football League has shut down entirely and appears headed for bankruptcy. Earlier this week, the league office released a short statement indicated that it had ceased operations because owners were “unable to reach any consensus on restructuring the league over the past eight months.” The league had reached a new agreement with players earlier this year, but was unable to convince enough owners that they had a viable plan to return to profitability.