Archive for March 7th, 2009
Reverse Merger Tip of the Week: Limited Float
By David Feldman at 7 March, 2009, 6:17 am
Very often post-reverse merger companies have very few shares available to trade. (The number of tradable shares is called the “public float.”) Immediately after the merger, almost all the shares are held by the owners of the formerly private company – call these “owner’s shares.” At least initially, none of these shares can trade. Thus, the trading market is at first limited to those shareholders who held free-trading shares in the shell prior to the merger.
Read More >>A Sector of Optimism
By David Feldman at 7 March, 2009, 6:14 am
African Americans are more optimistic about their financial future over the next year than the general population, but the majority of those responding acknowledge they don’t have a financial game plan and many don’t know where to start. A new survey by The Smiley Group and Nationwide Insurance shows 58% of African Americans expect their household situation to be better a year from now, compared to only 30% of the general population sharing similar optimism.
Read More >>
