Politics and Reverse Mergers

Does the US political environment affect the world of IPO alternatives? You bet. With mid-term elections in the US set for Tuesday, along with a likely shift in political power in the US Congress, let’s spend a minute on why we care in RM land. As regular blogees know, this is not a political blog ...

Life Without Pink?

The owner of the Pink Sheets, Pink OTC Markets Inc., has announced that they are changing the name of their company early next year to OTC Markets Group Inc. In the old days, the Pink Sheets did have a reputation for shady operators. These days, Cromwell Coulson’s company (which trades publicly, on the Pink Sheets ...

AOL Reverse Merging with Yahoo?

The Wall Street Journal last week reported (and the Reverse Merger Wire re-reported) that various alternatives being considered to combine Internet giants AOL and Yahoo include a reverse merger of AOL with Yahoo. It would start with Yahoo getting rid of its ownership interest in China’s Alibaba Group, upon which Yahoo would reverse merge with ...

Good Meeting At SEC About “Evergreen” and Rule 144(i)

As I head back to NY on a rainy Thursday morning, I want to report that I had a very good meeting with SEC staffers concerning Rule 144(i) yesterday.  As we know, this rule, implemented in 2008, among other things provides that anyone seeking to sell shares that are not registered with the SEC under ...

Tip of the Week: Building a Shareholder Base

I write from the Amtrak train heading to Washington for meetings at the SEC. Gives me a few minutes to catch up with you guys!  I also want to thank all those who sent good wishes on my transition to Richardson & Patel, which has been going great. Now on to our tip of the ...

China’s Circular 698 – Whither “Slow Walk”?

In the new edition of my book, half the chapter on China goes through the various regulatory actions taken by the PRC government that have affected the approach taken in reverse mergers of Chinese companies. In the past, structures have been developed to ameliorate the impact of regulations or decrees that initially seem extremely problematic. So it may ...

Interest in RM Grows at Marcum Breakfast Panel

What started out as a plan for a small gathering in an accounting firm conference room to tell friends and clients a bit about reverse mergers turned into about 150 people in a ballroom at the Grand Hyatt here in New York yesterday. Marcum LLP organized the breakfast, at which the speakers were their partner ...