What is a Security? The Howey Test and Reves Test

…agent have been carefully examining whether the underlying “promissory note” is indeed a security qualifying for the use of Section 3(a)(9) and Rule 144 tacking of a holding a period….

OTCQB Reporting Requirements

…reporting obligations. A foreign company that is not an SEC Reporting Company must remain current and fully compliant in its obligations under Exchange Act Rule 12g3-2(b), if applicable, and in…

Eligibility Requirements for OTCQX

…of the penny stock exemptions under Rule 3a51-1 of the Exchange Act – that is, the company cannot be a penny stock; Not be a blank check or shell company…

OTCQB Initial Requirements

…or reorganization proceedings; Be duly organized, validly existing and in good standing under the laws of each jurisdiction in which it is organized and does business; Submit an application and…

Regulation A+ Offering Statement

…elect to proceed under either Tier I or Tier II for offerings up to $20 million. Tier II offerings require additional disclosures and ongoing reporting requirements. Today I am touching…

Merger and Acquisition Strategies

…Merger And Acquisition Strategies- Today I am continuing my discussion on the responsibilities of the board of directors and in particular their fiduciary duties related to merger and acquisition…

SEC Regulation S-X

…SEC Regulation S-X- Today is the continuation in a Lawcast series discussing SEC disclosure requirements and in particular the 341 page Regulation S-K concept release and request for public…

The Merger and Acquisition Process

…The Merger And Acquisition Process- Today I am continuing my discussion on the responsibilities of the board of directors and in particular their fiduciary duties related to merger and…