#147: Shaking Things Up At Firsthand Technology Value Fund; Should They Liquidate? - Don Chambers

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Summary

Eric Schleien brings on Don Chambers to discuss his activism at
Firsthand Technology Value Fund (SVVC). Don will be proposing to
terminate the management company and potentially liquidate the
company after that at the next annual meeting. The company
currently trades at a steep discount to NAV.


For prior episodes about SVVC:



https://ericschleien.com/podcast/firsthandtechnologyvaluefund/

https://ericschleien.com/podcast/donchambers-svvc/

Show Notes

[00:01:55] Update On SVVC


[00:02:13] Cards are stacked against the investor and they're
tremendously stacked in favor of the entrenched money managers.


[00:02:50] The proposal on the proxy


[00:03:09] The Annual Meeting


[00:03:24] Binding vs Non-Binding Resolutions


[00:04:18] The Previous Non-Binding Proposal Last Year


[00:05:30] The Entrenched management team 
ABOUT DON CHAMBERS

Donald R Chambers currently runs the
website, SaveFirstHandTechnology. He is also a
recently-retired (June 2017) professor of finance with 36 years
of teaching experience. Dr. Chambers has written several books
regarding investments and personal finance that are distinguished
by their clear writing and ability to make difficult concepts
accessible to his audience. He is the lead author of the 600+
page Modern Corporate Finance: Theory and
Practice which is in its eighth edition (forthcoming
with FlatWorld), the 1,000-page Alternative
Investments which is in its third edition with Wiley,
and several other books on finance. Dr. Chambers has
published over 50 scholarly articles.


​Dr. Chambers has had numerous appearances in media including
national television, national public radio, regional television,
and regional radio. Dr. Chambers co-starred in a
nationally-televised cable television series regarding finance in
1988 (45 Fortune) and frequently serves as a public speaker.


In more recent years, he has written numerous blogs and spoken
frequently regarding investments in his role as Chief Investment
Officer of Biltmore Capital Advisors.
About Eric Schleien

Over the past decade, Eric has trained thousands of individuals,
including board members of public companies as well as several
Fortune 500 CEOs. Eric specializes in organizational culture and
has become a leading authority on organizational culture in the
investment industry. Eric has been investing for 15 years and has
been using breakthrough coaching methodologies for over a decade.
Eric had the insight to combine proven coaching methodologies
with shareholder activism techniques to create an entirely new
model for shareholder activism that was more reliable and created
greater sustainable results in a rapid period of time. On
average, Tribal Leadership produces a 3-5x increase in profits of
culturally troubled companies within an average of 24 months or
less. Eric currently resides in Philadelphia, PA.


 
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