Archive for April, 2008
Tip of the Week: Need a Reverse Split? Avoid a Merger Proxy
By David Feldman at 30 April, 2008, 8:07 am
When a public shell is in the process of completing a reverse merger it often finds itself with too many issued and outstanding shares or not enough authorized shares. One solution is a reverse stock split. A reverse stock split is a pro rata reduction in the number of shares of capital stock of a [...]
Read More >>Quality Time
By David Feldman at 27 April, 2008, 8:05 am
Just got back from a fabulous cruise with my daughter, who’s heading to Brandeis University next year. Just the father-daughter thing which was great. Really missed my son (he’s 6 in a week), fabulous wife and wonder pup Toby, but had a really great time just relaxing, hitting the islands, nice dinners and yes a [...]
Read More >>Season of Renewal
By David Feldman at 17 April, 2008, 7:46 am
Ah Spring. The time for flowers, new relationships, new beginnings. When enjoying a warm, sunny day can elevate one’s outlook and mood. For those of us who suffer cold and snowy winters (yes I know you folks in Canada have it rougher than us in New York), it is indeed a wonderful relief to hear [...]
Read More >>Private Placement Broker Registration - Finally?
By David Feldman at 13 April, 2008, 7:44 am
I spoke on a panel last Friday at the American Bar Association’s Section of Business Law’s Spring meeting in Dallas (don’t ask about my awesome travel experience on American Airlines). My fellow speakers and I updated the attendees on the new rules for smaller companies, including Rule 144 and Form S-3 changes.
For me a very [...]
The Wrinkle in New Rule 144(i) - A Former Shell Must Stay Current in SEC Filings Forever
By David Feldman at 8 April, 2008, 7:42 am
Almost everything in the new Rule 144 makes things better than they were before for shell operators and folks involved in reverse mergers generally. Even though the final release did pull things back from the original proposal, and even though shareholders of former shells must wait longer to have the exemption from registration available from [...]
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