Another Unfortunate Barron's Article on China 3

Barron’s magazine is once again trashing Chinese reverse mergers. In Thursday’s issue they lay out an extensive investigation of the history, players and performance of Chinese reverse mergers. They acknowledge that about 350 Chinese companies have gone public since 2004, when the pace really started to pick up. They point to a handful of problems ...

PCAOB to Auditors of Chinese Companies – Get to China!

The Reverse Merger Report has reported that the US Public Company Accounting Oversight Board (PCAOB) has issued a warning to auditors of Chinese companies to be prepared for extra scrutiny from the Board. In particular, they have expressed concern about US -based auditors who rely on field work of China-based accountants and do not even ...

Tip of the Week: Reporting or Not?

It is surprisingly common for a shell company (or other public acquisition vehicle) to have the wrong impression about whether or not it is obligated to file periodic reports with the SEC under the Securities Exchange Act of 1934. This is something that should never be taken for granted and checked carefully in each transaction. ...

New Small Offering Exemption Subject of Petition

Thanks to my friend Lee Liebolt I have learned that the Sustainable Economies Law Center, based in Oakland, CA, has submitted a petition for rulemaking to the SEC. This petition suggests that offerings of $100,000 or less where each investor puts in no more than $100.00 be exempt from SEC and state registration. Some of this ...

Back from R&R…&B

Vacations, well they are no longer just rest and relaxation. These days they are rest and relaxation and Blackberry! I just got back from a little break with the family that was actually none of the above. We ran around in a fun place doing fun things all the while dealing with several ongoing deals ...