economy
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 >>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 [...]
Read More >>Preliminary Thoughts about Israel
By David Feldman at 15 December, 2011, 11:05 am
As is so often true on foreign trips, the last six days here in Israel have packed in about two weeks of activity and information flow. From the DealFlow conference to meetings in various far-reaching corners of this amazing country, here are some preliminary thoughts for those of us thinking about helping Israeli companies find [...]
Read More >>SEC Gives More Comment Time on Nasdaq “Seasoning” Proposal
By David Feldman at 24 October, 2011, 12:10 pm
I was finally able to review the SEC’s release on September 12 which extended the time to comment on Nasdaq’s proposal to “season” reverse merger companies on the over-the-counter markets for six months before uplisting. It appears the SEC is seeking to harmonize the Nasdaq’s proposal with the similar proposals from the NYSE and NYSE [...]
Read More >>Regulation A Reform Hits the Senate
By David Feldman at 13 October, 2011, 4:56 pm
Reform of SEC Regulation A has taken a big step forward in the US Congress. As regular blogees know, the House Financial Services Committee approved a bill to increase the amount which can be raised in the “mini public offerings” permitted by Regulation A, and exempt the offering from state merit review under certain circumstances. In [...]
Read More >>Highlights from M&A Conference
By David Feldman at 11 October, 2011, 5:37 pm
I spent some time today at the 2011 International M&A Summit put together by the M&A Advisor. Here are some tidbits about the current M&A environment that came out of the panels: 1. There was a dramatic slowdown in deal activity in the last 30-60 days due to market conditions. 2. Corporations with cash are still [...]
Read More >>Mother Nature and Small-Cap Land
By David Feldman at 26 August, 2011, 4:40 pm
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 [...]
Read More >>Market Woes II: Fed Reading RM Blog?
By David Feldman at 10 August, 2011, 10:29 am
Funny, that just a day after I wrote that I think the economy is going to “plod along at very low growth for awhile,” the Fed meets and announces pretty much the same thing! Am I prescient? Brilliant? Are the Governors turning to the Reverse Merger & SPAC Blog for advice? Well if you ask my [...]
Read More >>Market Woes: Here We Go Again?
By David Feldman at 8 August, 2011, 4:29 pm
The Dow Industrials lost over 5% today. We have gotten rid of the gains for the year and then some. It appears that Standard & Poors’ downgrading US debt was the big reason. Put aside that 2 of the 3 credit agencies still rate US debt the highest, and that AA+ is still pretty darn [...]
Read More >>Chairman Schapiro: Please Don’t Decimate Small Company Finance
By David Feldman at 3 July, 2011, 9:56 am
Late last month SEC Chairman Mary Schapiro announced at a Wall Street Journal forum that the Commission is looking at a variety of options to deal with concerns about reverse mergers. According to the Journal, she said the SEC is “weighing ‘a menu of ideas’ but they aren’t ‘ready for prime time, yet.’” She suggested [...]
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