The op-ed page of the Wall Street Journal
yesterday declared that what it called the "bipartison overreaction to the
accounting scandals at Enron and WorldCom" known as the Sarbanes-Oxley Act of
2002 (SOX) is the primary reason that there...
According to this month's Reverse Merger Report , a
company that is owned 11% by Bernard L. Madoff Investment Securities completed
a reverse merger last month. The company, AbTech Holdings, merged with a shell
called Laurel Resources. AbTech makes...
The OTC Bulletin Board (known to all as the
OTCBB) started in 1990 on a pilot basis and was made permanent in 1997. As
of 1999 all OTCBB companies were required to be fully SEC reporting. Unlike
major exchanges such as Nasdaq, where the relationship...
There are still a few old brick walls in
downtown Manhattan with very faded painted ads for buggy whip companies.
This was a big business in New York before the auto industry hit, when people
needed whips like the one above (like my graphics?) to get...
Well, kind of, but. The latest Reverse Merger Report
talks about the fact that short sellers have been focusing on alleged
differences between filings by public Chinese companies with their government
as compared to what is filed in the US with the...
The ideal shell is one that is squeaky clean: well-kept,
organized and current records, with no history of unsavory behavior. These are
not always easy to find. Form 10 shells are formed as blank check companies
solely for the purpose of a reverse...
Convicted swindler Bernie Madoff has relevance to the
small and midcap worlds because this is where he lived mostly - in the penny
stock world of small cap stocks. He was Chairman of the Nasdaq in its early
years long before Microsoft was a household...