New Year's RM Resolutions

As the holidays zip by all too fast, I thought I would pass along the few things I am hoping to do in the year to come. I resolve: 1. To work with the SEC to try to eliminate the onerous “evergreeen” requirement which burdens all former shells forever with a requirement to stay current ...

Home for the Holidays…

As a blizzard heads to visit us here in New York today, I want to wish all my faithful blogees a happy and safe holiday season and all the best of success in the New Year. We are around for the holidays in no small part because of some major transactions that seem determined to ...

Permanent Exemption to Financial Controls Audit: One Step Closer

As mentioned in a prior entry, the Congress is weighing legislation that, among other things, will provide for a permanent exemption from smaller reporting companies (under $75 million market capitalization) to do an external (expensive) audit of their internal financial controls, as currently required by larger companies under the Sarbanes-Oxley Act of 2002. The PIPE Wire ...

Interesting New Method of Shell Creation – But be Careful 4

As you all know as faithful blogees, I have been trying to find every legitimate way to create a shell that does not involve deception, failing to disclose real intent and so on. Until now, I had thought the only way to do that was by inheriting the now-dormant public vehicle that was a real ...

PIPE Conference Take-Aways Part II

Following the panel on OTCBB PIPEs, I moderated a panel on cutting edge trends in APOs. We continued the discussion on Form 10s much as on the prior panel. One panelist felt it was just simpler not to have to educate an investor about the benefits of the Form 10, even though those benefits may ...

PIPE Conference Take-Aways

I am heading home shortly from Las Vegas after moderating a panel at DealFlow Media’s PIPE Conference. It is the most important such conference in the industry each year, and the attendance was strong given the economy. I thought I would focus on a few items gleaned from the several panels that spent time focusing ...