Deals Closing, But…

As mentioned a few weeks ago, things are picking up. Deals that were languishing or almost dying have come back to life and are actually getting closed. We are completing several reverse mergers in my office this week, complete with contemporaneous financings. What next? That’s the big question. Some are suggesting (including some lawyer colleagues ...

Book Ready for Update 2

I’m very happy to let you know (but not yet officially announce) that Bloomberg Press has informed me that my book, Reverse Mergers: Taking a Company Public Without an IPO, has been greenlighted for me to write an updated second edition. I am still working out the fine print with Bloomberg, but I am confident ...

Start the Week Right

We all work hard. We have goals to reach, mountains to climb, ambition to feed, laser focus, fire in the belly and unabashed determination, especially when the economy, the market, and prospects are heading downward. But a friend once said to me, “No one on their death bed ever said, ‘I wish I spent more ...

What is the Value of Legal Opinions in Reverse Mergers?

In some reverse merger transactions attorneys resist giving traditional legal opinions. Or in other cases, in particular in Chinese reverse mergers, getting opinions that have any value requires multiple attorneys in multiple jurisdictions to opine (in one recent transaction our client sought an opinion from a British Virgin Islands attorney, another in Hong Kong and ...

Come Hobnob With Top SEC Staffers and Commissioners

Got the following email from a friend in the American Bar Association’s Section of Business Law about an important upcoming conference (I added a little): The SEC has posted its on-line registration form to participate in the 27th Annual SEC Government-Business Forum on Small Business Capital Formation to be held this year on Thursday, November ...

Back to business? Whither Rule 144(i) Relief?

I got a number of calls yesterday that reminded me of the Monday following the terrorist attacks on Tuesday, September 11, 2001. That was the day that clients called and said to us, basically, “Get back to work and finish that deal.” At least three different projects that were on hold for the last few ...

Wow! 1

Maybe I should start giving investment advice! Anyone who listened to me after my post yesterday below could have easily made 10-11% in one day on blue chip stocks today! The volatility in the market, however, is still problematic. Of course up is way better than down, and erasing a large percentage of the losses ...

Time to Buy

As mentioned in previous posts, I’m no economist or prognosticator. And many who are way smarter than I am make a living advising people about how to invest to make the most over time. But there is one thing I have observed in nearly 50 years of existing on this planet. The stock market goes ...

Great Summary of the Rescue Bill

I am pleased to have received permission from Seyfarth Shaw LLP to reprint this newsletter sent to their clients. There’s no commentary here, just the facts. You can also find it at: http://www.seyfarth.com/index.cfm/fuseaction/publications.publications_html/object_id/a5b661d8-7e3a-4de6-b8a5-785a635f6abf or click on the download notation at the bottom. Executive Summary of the Emergency Economic Stabilization Act of 2008 10/08/2008 On October ...

Update on SPACs from M&A Journal

I got permission from Jonathan Marino of M&A Journal to reprint the below article he wrote. You can also find it at: http://www.mergersunleashed.com/news/186252-1.html SPACs Brace for Hedge Fund Industry Shrinkage Unwinding positions could hamper SPAC backlog; mid-market companies eyeing blank-check exits may find opportunities dwindling in near-term. By JONATHAN MARINO October 3, 2008 Citigroup’s Old ...