More Effective Dates

The SEC's website has indicated that:

a) The release providing increased availability of Form S-3 and Form F-3 "short form registration" for any full reporting company regardless of public float (but with certain limitations and excluding stock trading on the Pink Sheets or Bulletin Board) will be effective January 28.

b) The release entitled "Smaller Reporting Company Regulatory Relief and Simplification" which eliminates the "SB" forms and migrates all reporting companies back to the disclosure system under Regulation S-K, but retaining scaled disclosure for a now larger group of so-called "smaller public companies" will be effective February 4. Check with counsel as there are various transition provisions which do not require full adjustment immediately.

c) Remember: as previously posted, the changes to Rule 144 are retroactive and will be effective February 15.