SECURITIES AND EXCHANGE COMMISSION
17 CFR Parts 230 and 239
[Release No. 33–8869; File No. S7–11–07]
RIN 3235–AH13
Revisions to Rules 144 and 145
AGENCY: Securities and Exchange Commission.
ACTION: Final rule.
SUMMARY: Rule 144 under the Securities Act of 1933 creates a safe harbor for the sale of securities under the exemption set forth in Section 4(1) of the Securities
Act. We [...]

continue reading.....

This entry is part 5 of 11 in the series OTCBB Shells – The Reverse Merger ProcessI receive an abundance of calls from entrepreneurs who have little knowledge of the “process” or steps that need to be taken in conjunction with purchasing an OTCBB shell. They assume that buying a shell is a complete turn [...]

continue reading.....

The SEC has further extended the SOX Section 404 compliance dates for non-accelerated filers and newly public companies. The extensions are intended to reduce compliance burdens by giving the SEC and PCAOB time to pursue ongoing initiatives to streamline SOX Section 404 requirements, in particular for smaller public companies. Absent this latest extension, non-accelerated filers [...]

continue reading.....

Also Approves Electronic Filing and Changes to Form D
FOR IMMEDIATE RELEASE
2007-259
Washington, D.C., Dec. 11, 2007 - The Securities and Exchange Commission today unanimously approved changes that will give smaller companies faster and easier access to capital when they need it or market conditions are favorable.
Specifically, the Commission adopted amendments to the eligibility requirements of Form [...]

continue reading.....

By DealFlow Media – www.dealflowmedia.com
The Securities and Exchange Commission published the final draft of changes it’s making to Rules 144 and 145 of the Securities Act of 1933 on Dec. 6. The rule changes, which deal partly with requirements for holders of restricted stock, have been under discussion since last spring at the SEC and [...]

continue reading.....

On December 6, 2007 the SEC published the final Rule 144 release. I have not read the entire document. It takes effect 60 days after it is published in the Federal Register, so it should go effective sometime in February.
The big news: Worm/Wulff is toast, gone, history. The SEC did an about face and changed [...]

continue reading.....

Further clarification on the new 144K rule. There was a lot of confusion as to what determined the starting point for the new six month holding period. Did it start from (1) the date you purchase the securities or (2) the date the company filed to become fully reporting or (3) the date [...]

continue reading.....

I have been reading quite a bit about the evils of Footnote 32 shells. These OTCBB shells are also referred to as “manufactured shells”. After a thorough review I have come to the conclusion that most of the comments have originated from a group of individuals who are extremely bias. There is [...]

continue reading.....

This entry is part 10 of 10 in the series Raising Capital for OTCBB Listed CompaniesConclusion

As we have seen getting prepared for presenting your company to the financial community is no small task. There are a multitude of decisions to make prior to assembling the information and providing a proper format for your presentation.

Keep [...]

continue reading.....