This entry is part 1 of 14 in the series Reverse Mergers Attract Foreign CompaniesWhile in Manhattan I spoke with several investment bankers and SEC attorneys about the future of reverse mergers and PIPE’s. Considering the plight of the economy and the swings in the financial markets the general consensus was remarkably positive. Reverse mergers [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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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FOR IMMEDIATE RELEASE
2007-233
Washington, D.C., Nov. 15, 2007 - The Securities and Exchange Commission today voted to adopt three measures to modernize and improve its capital-raising, reporting and disclosure requirements for smaller companies. These measures address some of the key recommendations made by the SEC’s Advisory Committee on Smaller Public Companies in its final report.
The final [...]

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The 2007 PIPE’s conference, held last week in New York, was attended by major players in the rapidly evolving reverse merger marketplace. Over the past year the reverse merger segment of the financial services industry has emerged as the defacto IPO marketplace for emerging growth companies and has gained credibility with the SEC. [...]

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Pro-environment and investor groups are using accounting rules to push the SEC to get tough on companies that don’t come clean about their pollution risks.

From Marie Leone, CFO.com on September 19, 2007
A coalition of state governments, institutional investors, and environmental groups is urging the Securities and Exchange Commission to get tough with publicly-traded corporations that [...]

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