This entry is part 2 of 7 in the series Harvard Club Equity Finance ConferenceThe Investors’ and Issuers’ Summit on Alternative Capital Raising Strategies Conference was held at The Harvard Club in New York City on March 31st and April 1st, 2008. The speakers addressed several different topics, but there was particular interest in [...]

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This entry is part 1 of 2 in the series Direct Public OfferingI am contacted by entrepreneurs that inquire about purchasing an OTCBB shell for a reverse merger for their company. In many cases, after an initial discussion, it becomes obvious an alternative course of action would be best suited for reaching their goals and [...]

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The SEC recently stated in a release concerning “footnote 172 shells” that a start-up company does not necessarily fit the definition of a “shell company”. When a publicly traded OTCBB company files with the SEC as a “shell company” or subsequently checks the box as a shell company on its 10Q or 10K filings then [...]

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This entry is part 9 of 11 in the series OTCBB Shells – The Reverse Merger ProcessClosing on the Shell
Upon the closing of the shell the Buyers SEC attorney will have received all of the due diligence on the shell. The attorney will have also received all of the stock certificates with signed stock powers [...]

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This entry is part 3 of 11 in the series OTCBB Shells – The Reverse Merger ProcessBy Ralph Amato
Purchasing the Shell
The protocol for purchasing an OTCBB shell is as follows:

Buyer will receive a “Corporate Shell Profile” from the Seller or Sellers Representative.

After a successful review of the shell by Buyers and his SEC attorney Buyer [...]

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This entry is part 2 of 11 in the series OTCBB Shells – The Reverse Merger ProcessBy Ralph Amato
Shareholders
The number of shareholders in the shell you are purchasing may or may not be an issue. If you purchase a manufactured shell (a shell that has recently been approved for trading) most likely you will [...]

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This entry is part 1 of 11 in the series OTCBB Shells – The Reverse Merger ProcessWhen contemplating the purchase of an OTCBB shell you first need to analyze what type of shell best suits your company. Shells come in a variety of structures and in many cases the structure will determine the pricing [...]

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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 [...]

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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 [...]

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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 [...]

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