Stock Market
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 >>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 >>Where Are You From? 2012 Edition Part I
By David Feldman at 1 January, 2012, 3:11 pm
Happy New Year to all! I will work soon on my annual New Year’s wish list, which sadly will look much like last year’s list! In any event, I wanted to provide my annual review of you, my faithful blogees, in letting you know who your fellow readers are and where they come from. As [...]
Read More >>More Thoughts About Israel – We Need to Educate Each Other
By David Feldman at 19 December, 2011, 8:19 am
As the holiday season continues in full swing here in the US, life continues as normal for our friends in Israel. As the “alternative finance” community ponders the most effective strategy to assist exciting Israeli growth companies in raising capital and moving to the next level, some specific thoughts about how best to do that [...]
Read More >>Sad Thoughts About Seasoning – Part III
By David Feldman at 21 November, 2011, 2:41 pm
Who are the losers in the new seasoning requirements? 1. As we have now learned, SPACs that trade on the OTC Bulletin Board will be subject to seasoning. We will see if the major underwriters who raise money for SPACs will seek some adjustment in the rule. 2. Most of the “two-step” deals involving a [...]
Read More >>Sad Thoughts About Seasoning – Part II
By David Feldman at 15 November, 2011, 9:10 pm
Who loses and wins now that “seasoning” of reverse merger companies on the over-the-counter markets for at least one year is real? In this posting, let’s list the winners: 1. OTC Markets and the OTC Bulletin Board – more companies will list there, and will list longer, because they are being denied the right of [...]
Read More >>Is the China Comeback Commencing?
By David Feldman at 13 November, 2011, 12:17 pm
Here are the latest mixed signals from the headlines: – US officials charge Longtop Financial with failing to file accurate financial reports – Lashou to complete IPO on Monday and raise $80 million – Harbin Electric goes private for $800 million – NY Court throws out securities fraud claims against China North East Petroleum – VC [...]
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