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See You at the Rodman Conference
By David Feldman at 2 September, 2010, 8:48 am
Now of course I love all my investment banking friends. A number of firms regularly put on conferences that include great presentations by interesting companies and, usually, some fun entertainment as well. And best of all they’re usually free! Being here in NY, I always enjoy the annual Rodman & Renshaw conference, this year being [...]
Read More >>Another Unfortunate Barron’s Article on China
By David Feldman at 29 August, 2010, 9:22 am
Barron’s magazine is once again trashing Chinese reverse mergers. In Thursday’s issue they lay out an extensive investigation of the history, players and performance of Chinese reverse mergers. They acknowledge that about 350 Chinese companies have gone public since 2004, when the pace really started to pick up. They point to a handful of problems [...]
Read More >>PCAOB to Auditors of Chinese Companies - Get to China!
By David Feldman at 27 August, 2010, 9:36 am
The Reverse Merger Report has reported that the US Public Company Accounting Oversight Board (PCAOB) has issued a warning to auditors of Chinese companies to be prepared for extra scrutiny from the Board. In particular, they have expressed concern about US -based auditors who rely on field work of China-based accountants and do not even [...]
Read More >>Tip of the Week: Reporting or Not?
By David Feldman at 19 August, 2010, 7:01 am
It is surprisingly common for a shell company (or other public acquisition vehicle) to have the wrong impression about whether or not it is obligated to file periodic reports with the SEC under the Securities Exchange Act of 1934. This is something that should never be taken for granted and checked carefully in each transaction.
Without [...]
New Small Offering Exemption Subject of Petition
By David Feldman at 17 August, 2010, 1:34 pm
Thanks to my friend Lee Liebolt I have learned that the Sustainable Economies Law Center, based in Oakland, CA, has submitted a petition for rulemaking to the SEC. This petition suggests that offerings of $100,000 or less where each investor puts in no more than $100.00 be exempt from SEC and state registration.
Some of this seems [...]
Back from R&R…&B
By David Feldman at 15 August, 2010, 10:04 pm
Vacations, well they are no longer just rest and relaxation. These days they are rest and relaxation and Blackberry! I just got back from a little break with the family that was actually none of the above. We ran around in a fun place doing fun things all the while dealing with several ongoing deals [...]
Read More >>Good Second Quarter for Reverse Mergers
By David Feldman at 30 July, 2010, 9:35 am
Now that we have completed the Dodd-Frank Show here at the RM blog, it’s time to return to our title topic (though not much to report on SPACs, in fact there’s been no new SPAC Report from DealFlow since late May)! The good news is, according to The Reverse Merger Report, that reverse merger deal volume [...]
Read More >>Dodd-Frank VII: Big Picture Thoughts
By David Feldman at 28 July, 2010, 7:21 am
If you are seriously A.D.D., and my summaries of summaries of the Dodd-Frank bill took too long, here I’ll give the big overview of the bill as it may affect smaller public companies. I want to give credit to Weil Gotshal & Manges, Davis Polk & Wardwell, as well as the Harvard Law School Forum on [...]
Read More >>Dodd-Frank Part VI: Exec Comp Changes
By David Feldman at 24 July, 2010, 9:00 am
This is the last post before my conclusory entry on the new Dodd-Frank Wall Street Reform and Consumer Protection Act (one reader said we should call it “Donk,” but I’m just not feeling that one), which was signed into law by Pres. Obama on July 22. Here we cover some of the changes in the area [...]
Read More >>Dodd-Frank Part V: Sarbanes Relief at Last
By David Feldman at 21 July, 2010, 10:48 am
As I write this taking a break from the M&A conference I’m speaking at in Chicago, Pres. Obama is speaking before signing the historic Dodd-Frank bill. By the way, I’ve changed my mind and no longer want to call it “Dank.” I thought it was a cute combination of Dodd and Frank, but I thought [...]
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