0
In 2012 after working at First National Bank for six years Billy Bryant helped establish Breakstone Capital Corporation (BCC) a venture capital firm that invested in the communications and technology?
Wiki User
∙ 6y ago
In 2012, after working at First National Bank for six years, Billy Bryant helped establish Breakstone Capital Corporation (BCC), a venture capital firm that invested in the communications and technology sectors. BCC went public in 2014, and Bryant served as its CEO and chairman of the board. Various documents filed with the SEC stated that Bryant earned a BBA degree in accounting from Northwest University. In fact, Bryant attended Northwest for four years, but he did not graduate. After being pressured by a journalist, Bryant disclosed the misrepresentation to the BCC board. The same day, the company issued a press release correcting the statement.
The press responded negatively to "another CEO that lied about his resume" and speculated about "what else might not be right." On the day the press release was issued, BCC's stock price dropped from $32.45 per share to $16.22, but it fully recovered within a month.
Shareholders sued, alleging that the misrepresentation violated section 11 of the 1933 Act, section 10(b) of the 1934 Act and Rule 10b-5.
Wiki User
∙ 6y ago
That's great to hear! Transitioning from banking to venture capital can offer new opportunities to invest in innovative companies. By focusing on communications and technology, Breakstone Capital Corporation can support cutting-edge businesses with high growth potential. Billy Bryant's experience at First National Bank likely provided a strong foundation for this new venture.
Add your answer:
Earn +20 pts
Why is an acceptable use policy important in any classroom?
An acceptable use policy is important in a classroom to establish clear guidelines for student behavior when using technology. It helps ensure that technology is used responsibly, promotes a safe and respectful learning environment, and protects both students and teachers from misuse or harm online.
What is the past tense for establish?
The past tense for "establish" is "established."
What is the past participle of establish?
The past participle of "establish" is "established."
Can a corporation who paid property taxes on land owned by someone else for 25 years claim adverse possession?
No, payment of property taxes alone does not typically establish adverse possession. Adverse possession usually requires exclusive, continuous, open, and notorious use of the property without the owner's permission. Simply paying property taxes on another party's land does not meet these requirements.
The Pilgrim agreement to abide by any laws their new community might establish was the?
Mayflower Compact.
Why bank established as corporation in Philippines?
why bank are establish as corporation
Why corporation could not issue bonds before it sells stock?
Stock has to be there so it is corporation. PUBLIC corporation need to establish itself and show report etc. to get rating. Kind of like show pay stub to establish credit card.
Who is not a responsibility of the Federal Communications Commission?
establish affordable cable for all americans
What means of communications may be used to effectively establish a new policy?
cell phones
What means of communications may be used to effectively establish new policy?
cell phones
What goal is reached when you establish communication while conducting negotiations?
at goal is reached when you establish communications while conducting negotiations
Which device is used to establish the communications link between the customer equipment and the local loop?
modern
What technology uses a physical characteristic to establish identity?
Biometric
Which device is used to establish the communications link between the customer equipment and the local loop for digital lines?
CSU and DSU
What technology does activex use to establish the source of activex controls?
Digital code signing
Can a small business become a corporation?
Yes, most certainly. The information you'll need to incorporate a small business will be found on the Secretary of State's web site of the state where you wish to establish your corporation.
What should the mentor do to establish trusting and open communications in the relationship with the mentee?
Allow the mentee to schedule one-on0one meetings at any time
