Tip of the Week: Using a Foreign Audit Firm? PCAOB Registration May Not Be Enough

Many folks don’t realize that if a company that is public or going public uses a foreign auditing firm, even if that firm is registered with the US Public Company Accounting Oversight Board (“PCAOB”), if that firm has never filed anything with the SEC, the Commission staff first will require the firm to demonstrate its expertise, competency ...

Reverse Merger Report Touts Form 10 Shells

In the most recent issue of the Reverse Merger Report, the growing popularity of using Form 10 shells in reverse mergers of Chinese companies was reported. In particular, notes the article, some Chinese dealmakers are finding frustration with companies merging onto the OTC Bulletin Board. They feel that WestPark Capital’s WRASP structure, in which a ...

Tip of the Week: How Long Does it Take? Part III 1

New potential clients pondering a reverse merger or self-filing always ask, understandably, how long does the process take to get my company public? How long to get trading? How long until real trading commences? I broke this down into three responses. We talked first about how long the process can take simply to be able ...

Tip of the Week: How Long Does it Take? Part II

New potential clients pondering a reverse merger or self-filing always ask, understandably, how long does the process take to get my company public? How long to get trading? How long until real trading commences? I broke this down into three responses. We talked first about how long the process can take simply to be able ...

Tip of the Week: How Long Does it Take? Part I

New potential clients pondering a reverse merger or self-filing always ask, understandably, how long does the process take to get my company public? How long to get trading? How long until real trading commences? I’ve decided to break this down into three responses. Let’s talk first about how long the process can take simply to ...

Is Financial Reform (and 404(b) Relief) Dying in the Senate?

I try not to make this a political blog and tend not to cover major legislative activities, except of course in this instance where it has a direct impact on smaller public companies. Back in December the House of Representatives approved a sweeping financial services reform bill that would add more regulatory oversight to banks ...

Tip of the Week: Market Downturn? Reverse Mergers Shine

In the wake of the cataclysmic 2008-2009 market meltdown, we sometimes forget the history of reverse mergers and IPO alternatives. As a correction in the current market rally appears to be hitting, some players have increasing concern about completing APOs. Of course markets heading up are better than the alternative for most investors. However, for ...