A Dallas jury has ruled that billionaire Mark Cuban was not guilty of insider trading of stock of Momma.com back in 2004. The SEC had alleged that Cuban agreed in a phone call with the Company's CEO to keep information about a pending stock offering...
If you are working with a company that is offering to help you go public, hopefully you will insist on a variety of references. In prior posts we talked about meeting the last three CEOs that this advisor helped. This gives you a sense of...
They say there is no such thing as a free lunch. In Wall Street that is true for sure. So if you are considering going public through an advisor who specializes in helping companies do so, it is very important to understand what fees or...
The SEC announced yesterday that it settled with three auditors who were alleged to conduct improper audits on a number of publicly traded companies that were shells or development stage companies. The Commission has been stepping up enforcement against "gatekeepers" such as accountants and attorneys...
While always complaining about being underfunded, the staunch public servants at the US Securities and Exchange Commission will be able to stay open for a bit during the just commenced government shutdown resulting from Congress' failure to pass appropriate spending bills. According to Time online, an...
Billionaire, "Shark Tank" star and pro basketball impresario Mark Cuban is bringing a little Hollywood celebrity to the drab world of insider trading. The SEC believes he illegally traded stock in Momma.com back in 2004 based on nonpublic information. The case was thrown out in...
By far the most common reason companies seek to go public is to access capital for growth. It is also very likely the first thing a going public advisor will discuss, namely his or her ability to assist you in bringing in that needed financing....
Tomorrow is the big day. On September 23, the new SEC rules ending the ban on general solicitation in certain private securities offerings, mandated by the Jumpstart Our Business Startups (JOBS) Act, become official. As long as you limit ultimate purchasers of securities to "accredited...
If you enjoy experiences in which you feel your head can explode, let someone knowledgeable and objective talk to you about all the different ways a company can go public. IPO. Self-underwriting. Self-filing through Form 10. Self-filing through Form S-1. Reverse merger with trading shell,...
I have to admit I've been a space buff since I was a young lad and men first landed on the moon. Voyager I was first launched in 1977 to explore the solar system and universe. It's complete with 8-track tapes and discs that carry...