I have finally had the chance to actually sit and read
the SEC's vaunted "Investor Bulletin" on reverse mergers that came out last
month. In recent years these bulletins have been seen more often. One warning
folks about the retail foreign...
The Depository Trust Company (DTC) effectively controls
which public companies' stock can be traded electronically as opposed to
exchanging actual stock certificates when sales take place. A company must
apply to DTC to obtain this ability. Higher...
Just 37 reverse mergers were completed in the second
quarter of 2011, according to the Reverse Merger Report . That's down
over 50% from the second quarter of last year. Still way more than IPOs, but
down is down. Much of this, of course has to...
The current China hot button appears to be a series of
meetings between representatives of the Securities and Exchange Commission, the
Public Company Accounting Oversight Board, and their counterparts in China. The
hope is to convince the PRC government...
Reuters is reporting that the Securities and Exchange
Commission is about to release a so-called "investor bulletin" about reverse
mergers. According to the report, an SEC spokesman said the bulletin would be
"outlining the risks involved...
Yes the first recent SPAC (special purpose acquisition
company) deal lets us do a little play on words as Crumbs Inc. (CRMB:OB)
completed its merger with SPAC 57th Street General Acquisition Corp.
recently. But Crumbs is no small thing. According to...
The New York Times reported today that the SEC is
investigating Longtop Financial Technologies, a Chinese software company that
was taken public in 2007 by Goldman Sachs, with Deloitte & Touche as their
auditors. Deloitte immediately resigned and...