Header over to the Adventures in Capitalism blog to read about a confluence of positive changes in the micro cap market space:
"the world of micro-cap investing is finally changing for the better. Reg A+, the JOBS act, dramatically reduced public company costs and continued deferral of Sarbanes-Oxley have leveled the playing field somewhat for micro-caps. It’s cheaper than ever to come public and cheaper to stay public. While being public is still expensive, it is becoming more manageable.
Even more importantly, the days when a CEO could siphon off the majority of cash flow are largely over. Before, it was too expensive to mount an activist campaign on a smaller company and too hard to reach out to like-minded shareholders. Now, proxy costs have declined and it’s easier than ever to contact and canvas shareholders for their proxy votes. Shareholder capital will once again be invested in the business, instead of the CEO’s lifestyle."