China De-Brief Part II

Now that the long Memorial Day weekend is behind us and I have had a few days to become somewhat unburied from being out of the office for my China trip, I have a few minutes to provide more information about my trip. The highlight of the trip was DealFlow Media’s International PIPE Conference in ...

China De-Brief Part I

I am heading home after a fascinating 9-day trip to Beijing and Shanghai. Much to tell about the PIPE Conference, but we’ll save that for later posts. Here I just thought I would start with random notes and observations about China in mid-2010: 1. More and more Chinese have their email traveling with them as ...

China, China, China

In real estate, they say, the three most important things are location, location and location. In the 2000 contested US presidential election the mantra was Florida, Florida, Florida.  In reverse mergers these days, well it’s China, China and China. Fully one -third of the reverse merger transactions in the last few years have come from ...

Deals are Back!

This month’s Reverse Merger Report lets us know that deal volume in February hit an all-time monthly high of 31. The article also talks about the increase in the use of Form 10 shells in reverse merger deals, mentioning the reverse merger of Kobe Sport with a Form 10 shell that month (disclaimer: my law ...

Where is the next China?

To paraphrase Garrett Morris on the original Saturday Night Live, the People’s Republic of China has been very, very good to the reverse merger and SPAC world. In 2007 about one quarter of all reverse mergers involved companies from China going public through a merger with a US shell. According to the Reverse Merger Report, ...

Barron's Article Serves as Good Reminder

An article in this week’s Barron’s magazine raises a number of concerns about a Chinese company that went public through a reverse merger. The article points primarily to the company’s Chinese auditors and a question about their true independence and the extent to which that potential problem was disclosed. As a result, it appears the ...