Well you can never accuse me of being a good newsman! A
short report in our industry trade publication surprised all. Nasdaq apparently
was requesting a 6-month wait for all post-reverse merged companies to uplist
to Nasdaq. During the 6 months they must trade over the counter at least at
At thesaurus.com, words like "color" and "enliven"
are synonyms to the word "seasoning." Unfortunately I don't believe Nasdaq's
extreme overreaction to a real, but relatively controlled issue, does either to
the world of reverse mergers or the markets in general...
As you know we previously reported that the Nasdaq has
proposed requiring reverse merged companies to trade on the over-the-counter
markets and meet other criteria for six months before being able to list on
Nasdaq. The initial proposal in April said that the 6-month wait would not be
In addition to the comment I provided to the NYSE Amex's
proposal to require reverse merged companies to "season" by trading
over-the-counter for a period before applying to uplist (with an exception for
a large public offering), I also submitted the comment below with regard to
Once again, Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse have prepared an annual report on the securities class action filings. And, once again, the report, Securities Class Action Filings—2013 Year in Review , has a plethora of information.