In an article for the print edition of the MicroCap Review Fall 2017 Issue, John Lowy shared “The Current Status of the Reverse Merger Market“. John Lowy is the founder (in 1990) and senior partner of http://www.johnlowylaw.com, and the founder (in 1993) and CEO of Olympic Capital Group, Inc. (www.ocgfinance.com), both based in New York City. John is a highly-respected and acknowledged
Read more
Guest Post By: Mark R. Basile, Esq. There are many forms of terrorism in this world playing out right before us and we are all somewhat familiar with the political form, but what about the economic form. While there is no one specific definition of terrorism as applied to business, I have seen many companies fall victim to what I call
Read more
Sichenzia Ross Ference Kesner LLP announced that as of August 25, 2017 they will have moved to a new location at 1185 Avenue of the Americas, 37th Floor, New York, NY 10036. As they enter our 20th year as a leading corporate, securities and litigation law firm, and expand their practice areas to include real estate and trusts and estates,
Read more
In a LinkedIn post last week, Andrew Befumo -(CEO of Small Biz Support, LLC) shared some advice for “Saving On Small-Cap Compliance Expense“. According to Befumo, “as much as 60% of the legal costs of running a smaller public company could be saved if the company knew how to talk to the lawyers, accountants, auditors and other professionals that serve them.”
Read more
Guest Post By: Mark R. Basile, Esq. Ok, its summer, the sun is shining, the waves are crashing on the beach and you are now in what’s called the OTC CEO summer doldrums because those things are happening for everyone else except you. And if you are lucky enough to be able to take your family on a summer vacation,
Read moreDavid Feldman, Partner at Duane Morris‘ Manhattan office, sits down with Small Cap Nation‘s Anchor, Jane King to discuss the opportunities that Reg A+ provide for companies looking to raise capital. David was instrumental in guiding the original legislation through the process, and has seen his — and SCN’s — client Myomo (NYSE: MYO) become the first Reg A+ Crowdfunded company to list on
Read moreLast Friday, the SEC announced that it has filed a subpoena enforcement action against Andrew T.E. Coldicutt and the Law Offices of Andrew Coldicutt. According to the SEC’s application and supporting papers, filed on July 20, 2017 in the U.S. District Court for the Central District of California, the SEC is investigating, among other things, whether Coldicutt, or others associated with Green Cures
Read moreYesterday, the SEC barred a New York-based microcap attorney from appearing or practicing before it and acting as an officer or director of a public company after finding that he made false and misleading statements in corporate filings. The SEC’s order finds that David Lubin committed fraud while serving as a director and corporate counsel of Entertainment Art, a public company in which Lubin also
Read more
Guest Post By: Mark R. Basile, Esq. There are two sides to the position of OTC (microcap) CEO pay. Either you should have the privilege to work for free for shareholders and investors, or you can be a real professional and pay yourselves a reasonable salary. If you want to raise real money, pay yourself. I can’t begin to tell you
Read moreFinders’ fees are a constant point of confusion for microcap management teams. Securities attorney Laura Anthony an overview of “The Payment Of Finders’ Fees- An Ongoing Discussion” on her blog. In general, finders are still a very grey area of finance. Many agree that finders play an important role in helping small businesses source capital in situations too small for traditional broker-dealers.
Read more