Dow Wow!

What were you doing in May 2008? Personally I was coming off the most amazingly successful quarter of my career business-wise to that point. I had closed a multi-hundred million dollar acquisition, multiple private placements and large reverse mergers were getting completed, lots of new shells were getting created, it was quite the heady time. Yes ...

House FSC Passes IPO Bill

In its continued effort to promote legislation to assist small companies in capital formation, the House of Representatives’ Financial Services Committee has passed a bill meant to help companies seeking initial public offerings (IPOs). While a long way to passage, if it does go through it would provide some help for companies seeking a public ...

Another China Class Action Dismissed

Yet another shareholder class action against a Chinese company has been thrown out of court. The case against Sino Clean Energy, Inc. was dismissed by the US District Court for the Central District of California. Why you might ask? Well the basis of the claim is that short sellers and “others” claimed they had “evidence” ...

Reverse Mergers Hit Mega-Deal World

New York Stock Exchange. Kohlberg Kravis Roberts. Merck and Schering-Plough. The first two went public and the last two merged through reverse mergers in the last 5 years. Now, a respected webinar sponsor has asked several “BigLaw” partners to lead a talk on this topic – namely the benefits of structuring big-time acquisitions as reverse ...

Interesting Look at SEC “Completed Initiatives of Interest to Small Business”

I can never say enough how much I respect the hard working people on the staff of and the commissioners leading the US Securities and Exchange Commission. I think they are well meaning public servants, many of whom sacrifice much more lucrative opportunities to shape and implement policy for the better good. We should all ...

More Info on New “DirectMarkets”

Thanks to the latest issue of The DealFlow Report (they have combined several reports into one it appears), we have more information about Rodman & Renshaw’s new trading platform dubbed DirectMarkets (reminder, Rodman is a client). As discussed previously, the new platform is meant to eliminate the investment banks from the process of completing public offerings ...

Rodman “Disintermediates” Shelf Offerings With New Platform

This morning Rodman & Renshaw Capital Group, Inc. (disclaimer: a client of our firm) announced a new trading platform, to be called DirectMarkets, which will allow public companies completing public offerings through simplified “shelf” registrations, to deal directly with investors and funds rather than through investment banks and other intermediaries. As we know Rodman has ...

Obama Reiterates Call for Regulation A Reform

As a follow up to his State of the Union address, Pres. Obama yesterday issued a press release calling for a number of initiatives to help small business. Among them, it said, “The President is calling to raise the offering limit under Regulation A from $5 million to $50 million, coupled with strong investor protections.” ...