Bring the Value Back to Your Pink Sheet Stock
As the SEC and FINRA continue to work to improve the quality of the Pink Sheet market, the Rules 144 and 145 have changed significantly as have many rules regarding reverse mergers and "shells." If you aren't on top of things, you can find the value of your pink sheet vehicle dwindling to next to nothing.
If you are considering "selling" your pink sheet vehicle or seeking a reverse acquisition candidate and you want to avoid problems and possible litigation, you need to have your "ducks in a row". Just to change the name of a pink sheet stock or to execute a simple reverse split, you now must comply to some very specific and detailed requirements. Without them your vehicle will be unable to move forward and you may find the restricted shares in your corporation can never be freed up. If you find yourself in a situation where you no longer are in compliance with the stiffer requirements being demanded of you, we can help. Our experts will work with you to bring your pink sheet company back into full compliance with all rules and regulations, freeing you up to focus on building our business. Just give us a call and let's discuss your needs and how we can help.
We can help you maximize the value of your pink sheet vehicle no matter what your circumstance and objectives. We will
-
Purchase controlling interest in your pink sheet vehicle outright regardless of condition.
-
Work with you to rehabilitate your pink sheet company to prepare it for sale or merger.
-
Introduce you to qualified buyers and help you negotiate the best possible deal for your pink sheet or bulletin board company.
-
Introduce you to operating companies interested in negotiating a reverse acquisition into your company.
-
Regardless of your objectives, our team is ready to work with you to make sure you get honest and accurate advise that is in your best interest and that your goals are accomplished in the most professional and compliant manner.
To successfully reorganize your pink sheet company you now must provide
the following:
-
A full corporate history for the shell including all material facts of the corporate action being requested (Start on the original date of incorporation and include all the corporate changes that have occurred until present day, including, but not limited to, changes of control, reverse mergers, name changes, etc).
-
Back to the formation of the shell: A list of all corporate officers prior to the current officers appointments. This list should include the date of appointment and resignation for each officer on this list and should be accompanied by the executed back up documentation (i.e. signed resignation letters, Board of Directors resolutions with officer appointments included, etc.)
-
Back to the formation of the shell: Provide a regression diagram, from the shareholder list provided, that traces the shares from the current shareholder to their issuance by the shell. This list should indicate the name and address of the shareholder or transferor, the date of original issuance or transfer, the provision under the Federal Securities Laws or exemption that the Issuer relied upon, and the consideration paid to the issuer or transferor. Additionally, provide a detailed explanation of the Shell’s nature of business at the time of original share issuance and each subsequent issuance of shares since inception.
-
Back to the formation of the shell: Details surrounding the shell’s offering(s). Your answer should include, but not be limited to, who solicited investors, how the solicitor knew them, and how many individuals were solicited including those that did not purchase.