posted
Hey guys, a newbie here ( yeah I know, fresh meat)
Anyway,,,
When a company decides to do a reverse, they have to file something with the governing bodies that declares that, right? What would that be?
Posts: 3 | From: Sarasota | Registered: May 2007
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posted
Mag or Tex will answer this better when they're around later, but I think it goes like this:
pinksheet stocks don't have to file anything, sometimes it just shows up on the daily list one day (otcbb.com, then click on daily list)
OTCBB stocks file a pre-14c I think it is, to announce it, and then a DEF-14C when it's been finalized.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Mag or Tex will answer this better when they're around later, but I think it goes like this:
pinksheet stocks don't have to file anything, sometimes it just shows up on the daily list one day (otcbb.com, then click on daily list)
OTCBB stocks file a pre-14c I think it is, to announce it, and then a DEF-14C when it's been finalized.
Correct- can also use a Pre-14A... Same thing. It doesn't happen often, but some super sneaky OTCBB companies can write a paragraph in their 10-Q and it more or less gives them the authority to perform a reverse split without filing a Def-14. I can't remember the last company to do it - it may have been GRMU/GRUS, but I'm not sure.
Anyway, it happened to me once- so it pays to do your DD and read your filings...
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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posted
Thanks guys...I'm not sure of what I'm doing yet, but I'm having fun not knowing
Posts: 3 | From: Sarasota | Registered: May 2007
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posted
As juvenile as this will sound, I'll ask it anyway, simply because I'd rather look silly than "not know".
So here goes.. is there any "one" source of reading that will explain to me how the process of going public, works? For instance, a small company decides to go public. But they aren't going to be carried by a Merrill or Goldman, so they start out as an "over the counter" issue. (right?) Okay, so is the OTCBB and the Pinksheet listings, simply reporting agencies? I see some companies are listed on both.
Where can I turn to learn about all this?
Thanks again New guy bob
Posts: 3 | From: Sarasota | Registered: May 2007
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quote:Originally posted by BayBob: As juvenile as this will sound, I'll ask it anyway, simply because I'd rather look silly than "not know".
So here goes.. is there any "one" source of reading that will explain to me how the process of going public, works? For instance, a small company decides to go public. But they aren't going to be carried by a Merrill or Goldman, so they start out as an "over the counter" issue. (right?) Okay, so is the OTCBB and the Pinksheet listings, simply reporting agencies? I see some companies are listed on both.
Where can I turn to learn about all this?
Thanks again New guy bob
google: "reverse merger"
1) public "shell" uses about 90% of its stock to buy a private, profitable company 2) private company now controls public shell 3) change of shell name 4) change of symbol 5) dilution and dumping can now commense.....
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