Will BATS Start Swinging Without Seasoning?

Have you ever heard of the BATS stock exchange, also called the BZX Exchange? I hadn’t until recently. Here is the summary they provide on their website: “BATS Global Markets (BATS) is an innovative global financial markets technology company based in the Kansas City, Mo., area with additional offices in New York and London. Driven ...

My SEC-Submitted Comment to the NYSE Amex Seasoning Proposal 1

Yesterday I submitted a comment to the NYSE Amex’s proposed “seasoning” of reverse merged companies on the over-the-counter markets. See prior posts for more details. You can find the comment (it is the only comment to the proposal and the deadline is tomorrow) at http://www.sec.gov/comments/sr-nyseamex-2011-55/nyseamex201155-1.htm, but I reprint it here for your convenience. I urge ...

More Developments in Proposed “Seasoning” Rules

As you know we previously reported that the Nasdaq has proposed requiring reverse merged companies to trade on the over-the-counter markets and meet other criteria for six months before being able to list on Nasdaq. The initial proposal in April said that the 6-month wait would not be required if a company was coming to ...

Goodnight Irene!

Thanks to all of you who emailed, texted, telexed, smoke signalled or otherwise checked with me to make sure we were ok in today’s hurricane. Thankfully we are fine in our Long Island home, so far we have not lost our electricity, and only one tree is down with no damage. Now tropical storm Irene has ...

Mother Nature and Small-Cap Land

It’s been a fun week here in NY. First we feel about a 2.2 level earthquake (actually I didn’t feel it but it seems like everyone else did) that scares the bejesus out of a whole bunch of folks not far from Ground Zero just a few weeks before 9/11. Now we have a seriously scary ...

China: Boon for Litigators in 2011

The new Reverse Merger Report noted that there are three times as many class action lawsuits against Chinese reverse merger companies as there were a year ago. In fact, the RMR says that these suits represented more than 25% of all class action suits brought during the first six months of the year. So China has ...

Follow Me on Twitter

Just a reminder that I try to tweet pretty regularly on many topics in our world of  IPO alternatives, smallcap finance and the economy at http://twitter.com/davidnfeldman. See you there!!

IPOs Threatened by Market Conditions

The Reverse Merger Wire today reported about a PriceWaterhouseCoopers report that the current stock market turmoil will make it tougher to do traditional initial public offerings for awhile to come. Last week, for example, of 12 companies set to go public, only two achieved it, with lower than expected stock prices. The rest were postponed. ...

NYSE Joins Nasdaq in Proposing “Seasoning” After Reverse Mergers

Shoe #2 drops with a thud. The NYSE Euronext announced earlier this month that, like the Nasdaq, it wants reverse merger companies to trade on the over-the-counter market before being allowed to apply to uplist. Luckily, like Nasdaq, it exempts companies coming to the NYSE with a firm commitment underwriting, which is frankly how most companies we ...

Reg A and Rule 144(i) Reform Near Top of Recommendations from SEC Forum

Two key initiatives that are close to my heart were among the top recommendations from the SEC’s 29th Annual Government-Business Forum on Small Business Capital Formation (they need to hire a good branding person to work on that name!) held last November. The full report on the event was just released. Each year the SEC ...