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Credit Report – Check Yours Regularly… And For Free
In the twenty-first century, there are few documents that have a greater impact on the lives of Americans then their credit report. Credit rating determines one’s ability to buy a home, a car, or to obtain a credit card or a job. Since these things...
Honest Employees?
The proverbial "disgruntled employee", typically considered the source of most employee theft, may also be very good at disguising his or her complaints about the company. In fact, that same person is very likely to be your best worker.
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How Identity Theft Occurs
In the course of a busy day, you may write a cheque at the grocery shop, charge theatre tickets, rent a car, post your tax returns, change service providers for your cell phone, or apply for a credit card. Chances are you don't give these everyday...
Infoscams
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Tips for Handling Bogus Phone Calls
They may say that their car has broken down and they need to phone someone for help. They may pretend to be a workman, saying that they need to check your electricity or water. They might even claim to be from the council and that they are carrying...
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Going public: The process for small and mid-size companies to go public.
Going public: The process for small and mid
Size companies to go public.
It’s the dream of every person who starts a business to some day see it trading in one of the stock exchanges even after they are no longer associated with the company. The first step (#1) is simple since most small company are already incorporated and have a board of directors, so we will start with #2.
Step. #2. Engage a consultant but not before doing a background check. This is a must because the consultant who is supposed to be working for you may be the very person to destroy your dream.
Simply type the consultants name in Google and if nothing comes up, try the brokerage firm they were last associated with, to find out if they have been disciplined, or convicted of some crime by the Securities and Exchange Commission or some other regulatory body.
Many individuals when barred from participating in any securities transaction or from acting as consultants still do so in a stealth manner. Hoping that you will be impressed with their sales pitch and not bother looking into their background.
The reason most consultants do not have websites is because they do not want the regulators to find out that they are involved in stock market related activities.
Step. #3. If you are not using a securities attorney, ask the consultant to recommend a good one, he will probably know several. A good attorney is critical since you want him to know the process and has done this many times before.
Step. # 4. Have an audit done, this a requirement and must be
done prior to any filing with the Securities and Exchange
Commission. The CEO needs to take an active part in the auditing process since under the new corporate governance
laws the he must affirmed the final audited financials as being
accurate.
Step. #5. The officers and directors of the company must decide what method they are going to use to achieve their goal of becoming a public company. This can be accomplish through
a reverse merger and by doing a Regulation D (504) offering.
A reverse merger is accomplished by the
purchase of, and reverse merger into an existing public shell company.
This is inexpensive compared with the conventional initial public offering (IPO), this is also a simplified fast track method by which a private company can become a public company.
For more information on reverse mergers visit: www.genesiscorporateadvisors.com or read my article on www.ezine@articles.com under small business.
Regulation D (504) offering: Under the Securities Act of 1933
any offer to sell securities must either be registered with the SEC or meet an exemption. Regulation D provides three exemptions from the registration requirements, allowing smaller companies to offer and sell their securities without having to register the securities with the SEC.
While companies using a Regulation D exemption do not have to
register their securities and usually do not have to file reports with the
SEC, they must file what is known as a “Form D” after they first sell their securities.
This offering is not exempt from State securities filing requirements.
With an regulation D (504) offering you are permitted to raise up to a
million dollars within a year but there is no minimum amount and in order to go public you must sell to minimum of 35-40 investors at least a round lot (100 shares) each.
This offering is not exempt from the securities Act of 1933 anti fraud provision. (No securities are exempt from this provision).
Step # 6. Have a broker dealer file a form 15c211. Again your consultant will introduce you to a broker who will file the 15c211and be a market maker in the securities of the company.
For more information visit: www.genesiscorporateadvisors.com
Joseph D. Quinones
josephquinones@genesiscorporateadvisors.com
About the Author
Joseph D. Quinones, President of Genesis Corporate Advisors has spent over 25 years in the securities industry. In 1992 he founded JDQ Financial Group, Inc. and proceeded to build it up from a one man operation to the point where it employed many traders, advised numerous client and generate millions in revenues.
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