Investing In Our Future: A New Stock Market Emerges for Black IPOs and Investors
This is a capitalist country. Money, or the power to affect money is key. With money, you control politics. When you control politics, you control the laws and policies that govern society in general. Nothing else matters as much. The reason Black people are treated as second-class citizens by America, is because we have no power, and so far, have not organized ourselves to gain real, effective power. Any plan by Black people to achieve some modicum of power must have as its root money or a mechanism to affect the flow of money.
For the first time since the glory days of the early-to-mid 20th Century, can we seriously begin to contemplate a regulatory quantification of what we mean by “economic powerbase”. In the Black community throughout history, we have had to do more and more with less and less, and that’s a business issue. We’re explicitly applying a series of principles you’re more likely to find in business schools than in public schools. We want to reinforce the notion that our ideas and businesses are worth investing in. Don’t Mope … MOBILIZE!
We’re also working on the supposition that good economics can also be good politics. The Government has no vision for the evolution of our financial future. We have to develop and regulate our own economic and political powerbase. This is called capitalism. By creating a BASE — Black American Stock Exchange — we can begin to strengthen our bottom lines which eventually rids our cities of ghettoes and ghetto behavior. BASE is seeking become the leading next generation stock exchange market with a major presence in the Black American community of entrepreneurs, speculators and investors. The market’s leverage is its professional partnerships with expert advisors, entrepreneurial content and marketing expertise through a web site uniquely named — Black Wall Street Now.com — and affiliate sources. The expected fall 2009 launch of BASE relies on acquisition of business plans and Initial Public Offerings (IPO). Banking systems are the product of their underlying cultures and the business relationships these cultures have developed. At present there is no evidence that suggests that one type of structure is inherently better than another. Therefore, each market must experiment with its own system based on its own unique circumstances, concerns, and historic legacy.
This may sound difficult but it’s a perfect way to put Black businesses on the map, promote them, etc. A black “Standard & Poor” index would be a great way to not only give investors a way to speculate but also increase the profile of Black businesses in the community at large, and even create more interest among Blacks in business. Not to mention a Black start-up going “public” would have another avenue for raising money. Additionally, real power is gained via political power, which in turn is gained through the use of economic resources. Black Americans are 35 million strong in population with a GDP of $1.1 trillion, we have the resources; we just need to start leveraging them effectively.
Companies seeking start-up funds are encouraged to submit their requests for review by a Board of Directors. Assessments of a company’s worth will be determined after an extensive interview process. BASE will act as an alliance between entrepreneur and speculator/investor with an independent role. Not currently governed by the Securities Exchange Commission (SEC), but will operate under similar guidelines and complete transparency. The organization is in communications with FINRA (Financial Industry Regulatory Authority) — a non-profit independent regulatory organization empowered by the federal government to ensure that investors are protected. Alternately, there are plenty of Black-owned financial firms we could choose to do business with. That’s our choice. The secret of success is transparency. Opportunities exist for industry knowledgeable advisors and legal representation.
For more information please visit BlackWallStreetNow.com or call Craig L. Amos on 832-883-1675.