Archive for February, 2012
Dow Wow!
By David Feldman at 29 February, 2012, 10:11 am
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 [...]
Read More >>House FSC Passes IPO Bill
By David Feldman at 28 February, 2012, 7:08 am
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 [...]
Read More >>Another China Class Action Dismissed
By David Feldman at 16 February, 2012, 2:56 pm
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” [...]
Read More >>Reverse Mergers Hit Mega-Deal World
By David Feldman at 14 February, 2012, 11:06 am
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 [...]
Read More >>Interesting Look at SEC “Completed Initiatives of Interest to Small Business”
By David Feldman at 14 February, 2012, 10:30 am
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 [...]
Read More >>More Info on New “DirectMarkets”
By David Feldman at 7 February, 2012, 10:08 am
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 [...]
Read More >>Rodman “Disintermediates” Shelf Offerings With New Platform
By David Feldman at 2 February, 2012, 2:00 pm
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 [...]
Read More >>Obama Reiterates Call for Regulation A Reform
By David Feldman at 1 February, 2012, 11:38 am
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.” [...]
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