McMillan Capital Management, LLC is an investment advisory firm whose principal place of business is in Colorado. We may only conduct business in states in which we are registered or qualify for an exemption from registration requirements. Please realize that this website is provided for informational purposes only, and should not be construed as a solicitation to buy or sell a security or the delivery of personalized investment advice.
Website Legal Disclaimer
The information on this website is for informational purposes only and does not constitute a complete description of our investment services or performance. No part of this site nor the links contained therein is a solicitation or offer to sell securities or investment advisory services, except where applicable in states where we are registered, or where an exemption or exclusion from such registration exists. Information throughout this site, whether stock quotes, charts, articles, or any other statement or statements regarding market or other financial information, is obtained from sources which we, and our suppliers, believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information.
This Website may contain links to third-party websites. These links are provided solely as a convenience to you and does not imply an affiliation, sponsorship, endorsement, approval, investigation, verification, or monitoring by McMillan of the contents on such third-party websites. McMillan is not responsible for the content of any website owned by a third party that may be linked to this Website regardless of whether the link is provided by McMillan or a third party. McMillan does not prepare or maintain, has not and will not review or update, and does not guarantee the accuracy, timeliness, completeness, suitability, reliability, or usefulness of any information contained on a linked third-party website. If you decide to access linked third-party websites, you do so at your own risk. Furthermore, no representation or warranty is provided for any software that you may download from a link from this Website.
Portfolio holdings are not recommended as individual stocks and are subject to change. Investors should speak with a portfolio manager or adviser before investing considering diversification, personal goals, and risk tolerance.
Our portfolio seeks capital appreciation in micro-small- and mid capitalization companies based in the U.S. and Canada. The portfolio is non-diversified, so it will concentrate in fewer individual securities (approximately 15-18 companies) than a diversified portfolio.
For the period of June 2018 to the present, the performance represented in this website is based on the actual McMillan Capital Management’s accounts that meet the minimum account size requirements. McMillan Capital Management serves as the investment manager. Individual returns may vary substantially from those presented due to differences in the timing of contributions, withdrawals, account start dates and actual fees paid. All performance is presented net of the current adviser fee. The performance shown includes the reinvestment of dividends and other earnings. Past performance may not be indicative of future results.
Any Market Data is provided “as is” and on an “as available” basis . Source information, such as security prices, dividend rates, etc. is obtained from our independent custodians (TD Ameritrade) and independent financial data suppliers.
Investing internationally carries additional risks such as differences in financial reporting, currency exchange risk, as well as economic and political risk unique to the specific country. This may result in greater share price volatility. Shares, when sold, may be worth more or less than their original cost.
Investments described herein may be speculative and may involve a substantial risk of loss. We cannot guarantee that you will: (a) achieve results comparable to those achieved by any other client to which we currently provide investment advice or any of the investments presented herein; (b) meet targeted returns, diversification or asset allocations, or avoid incurring substantial losses; or (c) be able to implement its investment strategy and investment approach or achieve its investment objectives. Prospective investors should particularly note that many factors affect performance, including changes in market conditions and interest rates, and other economic, political or financial developments. Past performance is not, and should not be construed as, indicative of future results.
Microcap stock is the stock of public companies which have a market capitalization $50 million to $300 million.
Class F stock
Class F Stock is a founder-friendly form of common stock that generally has super-voting rights. Many public corporations have dual-class stock structures in which one form of stock has 10 to 1 voting superiority over the common stock, as well as other protective provisions. Typically, these companies call their super-voting stock Class B Common Stock, not Class F. Class F Common Stock, as nomenclature, has not become common, despite the prevalence of dual-class stock structures for startups.
Foreign and Emerging Markets Securities Risk. Common stocks of companies in foreign countries may experience more rapid and extreme changes in value than securities of U.S. companies because the securities markets of many foreign countries are relatively smaller than those in the U.S. Foreign issuers are not subject to the same degree of regulation as U.S. issuers. Also, nationalization, expropriation or confiscatory taxation of political changes could adversely affect investments in foreign securities.
Over The Counter (OTC)
Over-the-counter (OTC) is a security traded in some context other than on a formal exchange. The phrase "over-the-counter" can be used to refer to stocks that trade via a dealer network as opposed to on a centralized exchange. It also refers to debt securities and other financial instruments, such as derivatives, which are traded through a dealer network.
An investment in an OTC security is speculative and involves a high degree of risk. Many OTC securities (such as microcap stock) are relatively illiquid, or "thinly traded," which tends to increase price volatility. Illiquid securities are often difficult for investors to buy or sell without dramatically affecting the quoted price. In some cases, the liquidation of a position in an OTC security may not be possible within a reasonable period of time.
OTC securities may be vulnerable fraudulent investment schemes because there is often limited publicly available information about microcap companies. Many microcap companies are new and have no proven track record. Some microcap companies have no assets, operations, or revenues. Reliable information regarding issuers of OTC securities, their prospects, or the risks associated with the business of any particular issuer or an investment in the issuer's securities may not be available. As a result, it may be difficult to properly value an investment in an OTC security.
Risk of Prosecution for Marijuana-Related Companies
Marijuana-related companies may be at risk of federal and perhaps, state criminal prosecution. Investing in any cannabis business could be found to violate the Federal Controlled Substance Act. All of the assets contributed to a cannabis business could be subject to asset forfeiture.
State marijuana laws and regulations vary from state to state and are subject to change that can significantly diminish the cannabis company’s prospects.
Canadian Securities Exchange
CSE is an alternative stock exchange in Canada and is an alternative for micro-cap and emerging companies.
CSE Composite Index
CSE Composite Index is designed to measure the performance of equity securities listed on the CSE. It is market capitalization weighted, and securities must meet minimum size requirements to qualify for inclusion. Companies must be listed on the CSE and traded in Canadian dollars. Securities with a minimum market capitalization of $5 million are eligible for inclusion.