Merriman Capital Goes to Work for OriginOil
From: Riggs Eckelberry
Los Angeles, May 28, 2013
If you are in the USA, I trust that you are safely returned from the Memorial Day celebrations.
We honor our veterans. A tougher job, and bigger sacrifice, I can’t even imagine.
OriginOil and Merriman Capital
We have tried working with numerous investment banking firms, and we fall back on our faithful core investors every time.
Problem is, these firms generally don’t take the time to firm up the company in the markets first.
That’s what Merriman Capital, a San Francisco investment bank serving micro-caps, started doing for us last Monday the 20th of May.
As quoted in the Wall Street Journal on 23 May:
…Merriman will advise OriginOil management on various strategic initiatives focused on increasing shareholder value.
These initiatives include the effective engagement of a potentially broader institutional shareholder base, strategies intended to increase trading liquidity, evaluating various strategic capital markets initiatives and opportunities to pursue other venues, such as NYSE, NASDAQ and the OTCQX.
Now you’re talking.
New advisory program
In a May 17 article in the San Francisco Business Times (free preview), Jon Merriman discussed the bank’s new advisory program:
“We are beginning to see a turn in the microcap financing market,” Merriman said. “You don’t see the cavalry coming over the hill, but you see the dust clouds over the next hill. Very slowly we’re starting to see capital flow into microcaps.”
But you have to make that happen, and so we are pleased to have Merriman Capital in our court. They are welcome.
Enjoy your week!
Riggs and Team
President & CEO
OriginOil, Inc. (OOIL)
The 50 Hottest Companies in Bioenergy, 2012-2013 (photo)
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Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.