Rule 144
Tip of the Week: How Long Does it Take? Part II
By David Feldman at 11 February, 2010, 7:49 pm
New potential clients pondering a reverse merger or self-filing always ask, understandably, how long does the process take to get my company public? How long to get trading? How long until real trading commences? I broke this down into three responses. We talked first about how long the process can take simply to be able [...]
Read More >>New Year’s RM Resolutions
By David Feldman at 26 December, 2009, 11:12 am
As the holidays zip by all too fast, I thought I would pass along the few things I am hoping to do in the year to come. I resolve:
1. To work with the SEC to try to eliminate the onerous “evergreeen” requirement which burdens all former shells forever with a requirement to stay current in [...]
Interesting New Method of Shell Creation - But be Careful
By David Feldman at 14 December, 2009, 6:42 am
As you all know as faithful blogees, I have been trying to find every legitimate way to create a shell that does not involve deception, failing to disclose real intent and so on. Until now, I had thought the only way to do that was by inheriting the now-dormant public vehicle that was a real [...]
Read More >>PIPE Conference Take-Aways Part II
By David Feldman at 4 December, 2009, 12:15 pm
Following the panel on OTCBB PIPEs, I moderated a panel on cutting edge trends in APOs. We continued the discussion on Form 10s much as on the prior panel. One panelist felt it was just simpler not to have to educate an investor about the benefits of the Form 10, even though those benefits may [...]
Read More >>PIPE Conference Take-Aways
By David Feldman at 4 December, 2009, 12:04 pm
I am heading home shortly from Las Vegas after moderating a panel at DealFlow Media’s PIPE Conference. It is the most important such conference in the industry each year, and the attendance was strong given the economy. I thought I would focus on a few items gleaned from the several panels that spent time focusing [...]
Read More >>As We Start a New School Year…RM Wish List
By David Feldman at 3 September, 2009, 5:55 am
My children are ready. My big one already back in college. My little one getting ready for the big jump to second grade. There is a chill in the air here in NY in the evenings. Yep, it’s a new school year. So I thought I’d use this occasion to provide for my hopes for [...]
Read More >>Update on Effort to Remove “Evergreen” Requirement from Rule 144(i)
By David Feldman at 20 August, 2009, 6:17 am
Many have asked what is happening with our advocacy efforts with the SEC to follow up on the petition for a rulemaking with the SEC that I filed along with eight other law firms back in October 2008. As most of you know, the changes to Rule 144 effected in February 2008 included a provision, which [...]
Read More >>Trying 4(1) Opinions Where Rule 144 is Unavailable…A Year Later
By David Feldman at 29 July, 2009, 6:38 am
Just about a year ago, following a great deal of frustration in the reverse merger community over the passing by the SEC of the “evergreen requirement” that prohibits a shareholder of a former shell from selling their shares publicly without registration under Rule 144 unless the issuer has been current in their SEC filings for the [...]
Read More >>Off to China…Again
By David Feldman at 26 June, 2009, 8:01 am
I leave tomorrow for Guangzhou, China to see a client next week. I have been simply floored by the amount of new activity I am seeing from new and potential clients in China. I am running out of copies of the Chinese translation of my book! I also plan on returning there in mid-August. With the [...]
Read More >>More Good Stuff from Conference
By David Feldman at 18 June, 2009, 6:44 am
I very much enjoyed the panel I moderated at last week’s Reverse Merger Conference which sought to answer the question, “Why consider a reverse merger in this environment?” The panel reiterated the value of going public in any market if a company sees benefits in doing so and can bear the costs. And in a [...]
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