A company who has had their IPO cancelled by the underwriter can either completely cancel its public offering and wait for the markets to revive in three years or it could use an alternative vehicle to go public, namely a reverse merger into an OTCBB shell combined with a PIPE financing.

This year (2009) will be one of the best opportunities emerging growth companies will have to go public using an alternative vehicle such as an OTCBB shell. The cost of an OTCBB shell is at an all time low. Right now, what use to fetch $850,000 can now be purchased for $400,000 to 450,000, a 50% discount to market. Besides the reduced costs the time it takes to complete a reverse merger is only 30 to 60 days versus a traditional IPO, which can take from 12 to 18 months to complete.

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