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 [...]

read more from this topic.....

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 [...]

read more from this topic.....

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 [...]

read more from this topic.....

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 [...]

read more from this topic.....

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. [...]

read more from this topic.....

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 [...]

read more from this topic.....

Changes to a rule intended to help small private companies with financing could result in discouraged businesses, according to attorneys.
Sarah Johnson, CFO.com
September 25, 2007
Read the rest of the story:
http://broadpeak.typepad.com/broadpeak_executive_forum/2007/09/secs-small-busi.html
Bookmark to:         

read more from this topic.....

When the Securities and Exchange Commission decides to finally approve some or all of the new rules that they originally proposed in May of this year we will post the results here immediately. For those of you who are still in the dark the SEC have proposed several new rules that will affect the reverse [...]

read more from this topic.....

This is a great post by David Feldman over at The Reverse Merger Blog:
That is the headline from today’s SEC Small Business Conference, which David Feldman, principal of the law firm of Feldman Weinstein & Smith LLP, attended in Washington along with about 75 others in person and many others listening in a webcast. In [...]

read more from this topic.....

This entry is part 6 of 15 in the series Buying an OTCBB Shell

Is it important that free trading shares from non affiliates be included as part of the shell purchase?

When you are considering the purchase of a shell it is important to assess what your needs are. In many cases your needs will [...]

read more from this topic.....