Author Archive
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.” [...]
Read More >>New Year’s Wishes for Smallcap World 2012
By David Feldman at 31 January, 2012, 3:13 pm
Believe it or not in November we celebrated the 5th anniversary of the Reverse Merger & SPAC Blog! That’s really something. I cannot thank my faithful blogees enough for your sustained presence and tolerance of my random rantings. Last year was a bit better in the markets and we are all feeling hope that 2012 [...]
Read More >>FBI Raids Offices, Home of RM Player
By David Feldman at 28 January, 2012, 12:08 pm
Federal criminal investigators have raided the offices and apartment of an active Chinese reverse merger player, according to the Financial Investigator. The player’s group, located on Wall Street, didn’t reply to the reporter’s effort to receive comment. Although the fallout from the allegations of fraud from Chinese reverse mergers has not been substantial yet (other than the [...]
Read More >>SEC: Thanks for Super 8-K Reviews
By David Feldman at 26 January, 2012, 6:21 pm
SEC Form 8-K is meant to report “current events” that occur between quarterly periodic reports by public companies. They are effective upon filing and not generally subject to SEC review. In 2005, to appropriately close a disclosure loophole, the SEC started requiring that an 8-K be filed right after most reverse mergers including all information that [...]
Read More >>The Silly Season
By David Feldman at 25 January, 2012, 5:52 pm
It now seems that the President’s State of the Union Address during a Presidential election year starts the beginning of a period during which very little of substance happens in our nation’s capital. I think Wikipedia is not up to date, since they refer to this US “silly season” as follows: “In US politics, the [...]
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