FOR IMMEDIATE RELEASE
2007-101
 
Washington, D.C., May 23, 2007 — The Securities and Exchange Commission today unanimously approved interpretive guidance to help public companies strengthen their internal control over financial reporting while reducing unnecessary costs, particularly at smaller companies. The new guidance will enhance compliance under Section 404 of the Sarbanes-Oxley Act of 2002 by focusing company [...]

read more from this topic.....

On May 23rd the SEC is going to consider approving certain proposals recommended by the SEC Advisory Committee on Smaller Public Companies. The proposals are intended to ease some of the burden under Section 404 of SOX.
The actual agenda from the SEC website:
“The Commission will consider a number of rule proposals addressing the [...]

read more from this topic.....

I have not seen a better time to buy an OTCBB shell than now. There are a number of shells to choose from and the prices have dropped approximately $100K from their previous highs for shells that are delivering 51% to 80%. Usually, I am constantly seeking qualified shells for my Buyers but [...]

read more from this topic.....

Business First of Columbus - April 20, 2007
by Frank Wojcik
For Business First
Lawrence J. Peter, author of “The Peter Principle,” once said that an economist is “an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” And yet, as we plan ahead for our businesses and personal lives, it’s essential we [...]

read more from this topic.....

Retired Congressman Michael Oxley blames the PCAOB for starting “all the problems” with the Sarbanes-Oxley Act.
Stephen Taub, CFO.com
April 06, 2007
Michael Oxley has been guaranteed immortality — and perhaps a degree of infamy — since his name was affixed to the Sarbanes-Oxley Act of 2002, the most comprehensive set of corporate rule changes since the 1930s.
Earlier [...]

read more from this topic.....

SEC Approves NYSE Initial Listing Fee Relief
Morrison Foerster - September 2006
Recent Fee Relief Intensifies Competition Between NYSE and NASDAQ
Intensified competition between NYSE and NASDAQ for company listings could provide a unique cost-saving opportunity to companies that are considering a near-term listing on NYSE but do not initially meet NYSE’s listing qualifications.  The SEC recently approved [...]

read more from this topic.....

M. Ridgway Barker is Chair of the Corporate Finance & Securities Practice Group of Kelley Drye & Warren LLP. Randi-Jean G. Hedin is a Partner in the Corporate Finance & Securities Practice Group. Acknowledgement is given to Kristen A. Hartofilis , an Associate at Kelley Drye & Warren LLP, for her efforts in the preparation [...]

read more from this topic.....

BusinessWeek Online
March 5, 2007
To get listed overseas, companies are getting U.S.-traded outfits to buy them.
Big-ticket IPOs in New York and Hong Kong for Chinese banks and insurance companies make headlines. But in recent years another class of Chinese company has been quietly tapping the international capital markets. Enterprises that don’t have the heft or profits [...]

read more from this topic.....

An Analysis of Trading Activity around Reverse Mergers
This is an excellent research report written by academics on the history of Shells with analysis of comparative costs and time frames to go public for IPO’s versus Reverse Mergers.
To read the report please go to:
http://www.fma.org/SLC/Papers/Shell_Companies_as_IPO_Alternatives.pdf
Bookmark to:         

read more from this topic.....

The Denver Business Journal - July 28, 2006
by Renee McGaw
Denver Business Journal
Don’t suggest to Tim Keating, President of Keating Investments, that reverse mergers have a less-than-stellar reputation. He’s heard it all. He even used to keep a file of negative press clippings, until he got bored with it and stopped.
But in the past few [...]

read more from this topic.....