Virgin shells
Reverse Merger Report Touts Form 10 Shells
By David Feldman at 21 February, 2010, 12:28 pm
In the most recent issue of the Reverse Merger Report, the growing popularity of using Form 10 shells in reverse mergers of Chinese companies was reported. In particular, notes the article, some Chinese dealmakers are finding frustration with companies merging onto the OTC Bulletin Board. They feel that WestPark Capital’s WRASP structure, in which a [...]
Read More >>Tip of the Week: How Long Does it Take? Part III
By David Feldman at 15 February, 2010, 2:58 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 >>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 >>Tip of the Week: How Long Does it Take? Part I
By David Feldman at 9 February, 2010, 7:21 am
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’ve decided to break this down into three responses. Let’s talk first about how long the process can take simply to [...]
Read More >>Shell Prices Heading North
By David Feldman at 24 January, 2010, 12:05 pm
Another sign that things are beginning to recover for the RM world - following a steady decline which started in mid-2008, shell prices seem to have turned the corner and are going up again. For much of the early 2000s, trading “legacy” shells went for between $150,000 and $250,000. As things heated up so did [...]
Read More >>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 >>Tip of the Week: Value of Nasdaq or NYSE Amex Shell?
By David Feldman at 29 October, 2009, 6:21 am
Occassionally a client comes to my office excited that they have found a shell listed on Nasdaq or the NYSE Amex. It saves a step they say, because they can complete a reverse merger and be immediately listed on the major exchange. In fact, the benefit is not as substantial as one thinks, and it [...]
Read More >>WRASP-Type Structure Catches On
By David Feldman at 17 September, 2009, 5:48 am
The Reverse Merger Report notes in its September issue that Lihua International, Inc., which makes copper wire in China, completed a secondary public offering raising $9.2 million. This after raising $15 million in a PIPE contemporaneous with its reverse merger with a Form 10 shell back in October. Disclaimer: my firm represented the shell in [...]
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