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Arthur Porcari

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  • U.S. to Police OTCBB IPOs, Reverse Mergers for Chinese Stocks: It's About Time [View article]
    What seems to get lost in the "fog of war" in the battle between good China companies that decided to take a very legitimate route to go public, a reverse merger, and short sellers who certainly have their own agenda. But one point I never hear anyone make is that once an RTO company does it's first SEC registration statement, it become every bit as above board as an IPO. If anything, even more so in that the SEC will be able to do a better due diligence in that in most cases, in that they will have a lot more to look at and question in prior 10K's and Q's.

    An IPO requires effectively the same registration statement as a secondary or followup registered stock offering. And in fact, most investors don't realize that when a followup offering is done with a registration statement and the stock is sold directly by the Company, then it's proper name is an IPO, not a secondary. That is something you will never hear from the shorts or their mouthpiece Herb Greenberg.
    Jan 6 06:22 PM | Likes Like |Link to Comment
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