Growth Capitalist (https://growthcapitalist.com/author/bgoets/page/61/)
Three months after Telesta Therapeutics (TST.TO) raised $28.6 million in a private placement of stock, the company’s shares lost almost 40% of their value when a Food and Drug Administration advisory panel expressed a negative view of a drug Telesta is developing.
Jammin Java (JAMN), a coffee company associated with the family of the late reggae singer Bob Marley, was charged with fraud by the Securities and Exchange Commission for a pump-and-dump scheme that allegedly generated $78 million in illegal profits.
Three years ago, as Facebook Inc. (FB) was preparing to go public, private-company stock markets SecondMarket Solutions and SharesPost Inc. showed their utility by creating an active market for Facebook shares for investors who wanted to get in before its initial public offering.
Steve Saleen says that cars his companies have designed have won races on every major track in the world. Most recently, his Saleen S7 won the prestigious 24 Hours of Le Mans endurance race in 2010.
