PART 3PROFESSIONAL SERVICE PROVIDERS
As discussed in Parts One and Two, small-cap companies fundamentally differ from larger public companies because they often require access to equity capital markets in order to augment either sustained or periodic negative cash flow. Consequently, every corporate action or omission that can impact access to capital has business-ending possibilities for many small-cap companies.
Effectively hiring and managing professional service providers is another good example, among others in Parts One and Two, of corporate action that rarely requires board oversight at larger public companies but that carries austere enterprise risk for many small-cap companies if executed poorly. More specifically, the advice provided ...
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