The Case For Taking Your Company Public On The Pink Sheets…
Over the course of history there have been events and legislation that has transformed the financial markets, our economy and the way we conduct business , such as the legislation that form the Securities and Exchange Commission, the Internet has also has transformed the way we do business and communicate.
Sarbanes-Oxley falls into that categories, this piece of legislation named after Senator Paul Sarbanes (D) MD and Representative Michael Oxley ( R) Ohio was passed in response to the Enron and Worldcom scandal.
When legislators in Washington are confronted by a problem they also rush to come up with some type of legislation to give the appearance that they are doing something about the problem, and we the electorate have become accustomed to having Washington solve all of our problems.
But Washington’s solution to one problem is the beginning of another one and often times a bigger one.
Sarbanes-Oxley is making it extremely expensive for small and mid-size company to be able to afford the cost of an audits, the requirement of Sarbanes-Oxley has almost double the cost audits.
And compliance with other requirement of Sarbanes-Oxley is also eating away at the bottom line, one company that chose to leave the American exchange for the pink sheets is Ziegler Cos. 103 year old investment banking firm based in Milwaukee.
John J. Mulherin CEO of Ziegler Cos. Says Sarbanes-Oxley rules would have cost the company 10-15% of its bottom line in the first year alone.
Many small and mid-size companies would prefer to put these resources in to expansion and product development, and that is why many are choosing to go public in the pink sheets.
The small companies our the backbone of our nation not the big bloated Fortune 500 companies which have lost over 20 million jobs over the last 10 years, while small companies have created 15 million new jobs over the same time period.
But unfortunately the big companies have all the influence in Washington, with politicians of both parties dependent on them for campaign contributions.
With banks refusing to lend money to small companies and the Small Business administration being a joke, the only way for small companies to gain access to the capital markets is to go public.
So the pink sheets have become a viable option for many small companies to go public, Pink Sheet listed companies are not required to have audited financial statement. They must disclose financial information that is accurate but it can be prepare by the company’s accountants.
These securities are traded on an unsolicited basis, which means that the NASD has not cleared a market maker to enter a quote in the security pursuant to SEC Rule 15c211. Instead a broker is relying on an exemption to the rule in order to display a quotation representing customer order.
The broker must ascertain that the issuer has made adequate current information available on the Pink Sheet website. The disclosure policy has been a good attempt at creating transparency of basic information that investors trading in public markets deserve.
But the pink sheets are not stopping here they are planning on having different tiers. The pink Sheet is planning to charge companies a flat fee for corporations to get a templates for financial information, and will be able to use the website to post media releases and hold question and answer sessions as well other service. This will help raise the companies into one of the new tier.
The top tier will be “Premier QX” which will be compose of companies large enough to be listed on a major exchange, with audited financial statements, annual shareholders meetings and share price of at least $1.
A second tier will be made up of companies will be smaller issuers with audited financial reports. The final tier will be made up of small companies with information prepared by person with sufficient financial skills and complying with guidelines that the Pink Sheets will be mailing to issuers.
Another reason for listing on the Pink sheets is the cost of a public Shell, a Pink Sheet shell sells for half the price of a bulletin board shell, and sellers are more willing to sell all the shares they control.
By buying entire amount of the share controlled by shell owner you remove the probability of having to purchase those shares later at a higher price on the public market.
While Sarbanes-Oxley has created problem it has also created opportunities, and as long as we continue to exercise our God given creative genius no congress in the universe can stop our enterprising spirits from finding solutions to our problem.
While many in the past may have lost money in the Pink Sheets with its lack of financial disclosure, the amounts are small in comparison to the amounts lost in Enron, Worldcom and Global Crossing. All which were Exchange listed companies.
Among the companies currently listed on the Pink Sheets are Swiss chocolate maker Nestles, ARC Energy, TransForce and Vermillion as well as Volkswagon, plus many banks and insurance companies.
So don’t be afraid of having your company listed on the Pink Sheets the company isn’t so bad and its getting better as the new head of the pink sheets continues his trek to respectability.
For additional information please visit: http://www.genesiscorporateadvisors.com
About the Author
Joseph 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 generated millions in revenues. http://www.genesiscorporateadvisors.com
Valentines 2009: Pink Roses & Swiss Chocolates
|
|
Promise Ring for Her 10kt Pink Topaz Heart Swiss Diamond Ring X52 $16.99 |
|
|
VICTORIAS SECRET DARK PINK STRAPLESS,SMOCKED RUFFLE SWISS DOT DRESS – XL $19.99 |
|
|
5 yards 3/8″ PINK w/BROWN SWISS DOT Grosgrain Ribbon $3.09 |
|
|
Swiss Legend Vevey Ladies Pink Mop Leather Band Watch $57.00 |
|
|
XS/S Vtg 60s 70s Empire BABYDOLL LACE BIB PINK WHITE DOTTED SWISS DOT MINI DRESS $75.00 |
|
|
Invicta Mens Subaqua Noma III Special Limited Edition Swiss Made GMT Funky Watch $189.99 |
|
|
1 Swiss Dot Pacifier Clips – Various colors (Free Shipping) $5.00 |
|
|
1 Swiss Dot Pacifier Clips – Various colors (Free Shipping) $5.00 |
|
|
LN Auth SWATCH Irony Chrono medium pink women watches YMS411G swiss steel Cadmos $79.99 |
|
|
Swiss Dots – Dog or Baby Hairbows $1.00 |
|
|
Swiss Dots – Dog or Baby Hairbows $1.00 |
|
|
Swiss Dots – Dog or Baby Hairbows $1.00 |
|
|
Adorable Pigtail Hair Bows $3.95 |
|
|
Adorable Pigtail Hair Bows $3.95 |
|
|
Toddler Kid’s K-Swiss Nido Jewel Discolored White Pink Lace-Up Sneaker 21207105 $19.99 |
|
|
Swiss Dots Embroidered Mesh Lace Layers Ruffles Cami Tank Top Blouse Pink NEW M $32.50 |
|
|
WHITE SWISS DOT W/PINK HEARTS-FLOWERS DRESS,BONNETPANTS 4 AMERICAN GIRL DOLLSZ18 $5.99 |
|
|
Authentic HONORA Women’s Designer Stainless MOP Pink Swiss Fashion Watch New $15.51 |
|
|
ST3373 – 3 yds 3/8″ HOT PINK with PURPLE SWISS DOT Grosgrain Ribbon $2.60 |
|
|
EUC GIRLS SZ 4 CLASSIC HIGH TOP K SWISS LEATHER PINK RED HEARTS RARE SO CUTE WOW $13.99 |
|
|
K-SWISS COURT TENNIS VELCRO STRAP INFANT SIZE WHITE PINK FASHION STYLE GIRL SHOE $29.99 |
|
|
K-SWISS COURT TENNIS VELCRO STRAP INFANT SIZE WHITE PINK FASHION STYLE GIRL SHOE $29.99 |
|
|
K-SWISS COURT TENNIS VELCRO STRAP INFANT SIZE WHITE PINK FASHION STYLE GIRL SHOE $29.99 |
|
|
K-SWISS COURT TENNIS VELCRO STRAP INFANT SIZE WHITE PINK FASHION STYLE GIRL SHOE $29.99 |
|
|
K-SWISS COURT TENNIS VELCRO STRAP INFANT SIZE WHITE PINK FASHION STYLE GIRL SHOE $29.99 |
|
|
K-SWISS COURT TENNIS VELCRO STRAP INFANT SIZE WHITE PINK FASHION STYLE GIRL SHOE $29.99 |
|
|
K-SWISS COURT TENNIS VELCRO STRAP INFANT SIZE WHITE PINK FASHION STYLE GIRL SHOE $29.99 |
|
|
K-SWISS COURT TENNIS VELCRO STRAP INFANT SIZE WHITE PINK FASHION STYLE GIRL SHOE $29.99 |
|
|
5 yds 3/8″ Pink Swiss Dot Grosgrain Ribbon $2.25 |
|
|
LADIES ROVEN DINO JACQUELINE PINK MOP SS SWISS WATCH 2030LPPOP $100.00 |
|
|
RSVP Endurance Tear-Free Onion Goggles … |
|
|
Built Big Apple Buddies Insulated Lunch Bag, Cornelia Kitty $18.18 Each Big Apple Buddy is perfect for keeping food and drinks cool on the way to school, daycare, or picnic playdates. These playful bags accomodate a sandwich, fruit or veggies, a juice box and a small ice pack…. |
|
|
The Carl Stalling Project, Volume 2: More Music From Warner Bros. Cartoons 1939-1957 $15.79 The second volume of the master Warner Bros. cartoon composer’s work downplays the head-spinning montage of the first in favor of just-as-head-spinning complete scores. They aren’t from the studio’s best-known cartoons but from some of Stalling’s most impressive tempo-warping, all-systems-go pieces, augmented by a few mini-pieces that illustrate the way he could transform barely familiar show tune… |
|
|
Degree of Life Pretty Pink Pimp [Explicit] $8.99 … |
|
|
Tommy Hilfiger Little Girl Swiss Alps Cardigan Prima Pink 6X … |
|
|
Knorr Pasta Sauces, Parma Rosa Sauce Mix, 1.3-Ounce Packages (Pack of 24) $42.29 The perfect pink sauce – rich and creamy with a hint of tomatoes…. |
|
|
Swiss Pink Grapefruit Yogurt – 12 yogurts, 6 oz each $20.74 This delicious yogurt is made in the Swiss tradition; creamy rbST free milk blends with tart and juicy pink grapefruit to create a silky texture and mouthwatering flavor. Made in small batch quantities, supervised by specialist, these Swiss Yogurts are made from rbST-free milk, the freshest fruit, with specific yogurt cultures…. |
|
|
Klik XL Pink – White Almond Crisps – 3oz. $2.84 Klik XL Pink – White Almond Crisps – 3oz…. |
|
|
Leatherman 78105003K Juice XE6-Pocket Multi-Tool, Thunder Purple $54.04 The Juice folds up to a compact, easily transportable 3.2 inches when closed. Leatherman’s Juice Pocket Multitool The Leatherman Juice Xe6 pocket multitool packs 16 powerful, secure and easily accessible implements into little more than 3 inches. With a slightly thicker chassis than the CS4 and KF4, and protected by Thunder Purple anodized aluminum handles, this model really has it all. Al… |
|
|
ZAGGskins (Swiss Pink) $19.99 ZAGGskins (Swiss Pink) |
|
|
BROWN PINK SWISS GIRL COSTUME $54.99 BROWN PINK SWISS GIRL COSTUME |
|
|
Swiss Dot Hot Pink $4.98 This very light weight cotton fabric features small woven spots of extra warp known as Swiss Dot, or ‘clip’ dot. Fabric is perfect for pretty dresses, blouses and skirts. |
|
|
K-Swiss Westward Tank (Women’s) – Neon Pink $59.95 Casual tank with racerback style and K-Swiss logo at left shoulder. Available Colors: Black, Neon Pink. |
|
|
Swiss Army Classic Pocket Knife Pink Pink $20 The Swiss Army Classic. Small, lightweight and functional. Includes scissors, file, blade tooth pick and tweezers. Keyring included. |
|
|
Bear Threads Swiss Swiss Voile Stripe Dot Pink 15 Yd Bolt 34.99 A Yd 100% Cotton 63 Wide $359.99 Bear Threads Swiss Swiss Voile Stripe Dot Pink 15 Yd Bolt 34.99 A Yd 100% Cotton 63″ Wide |
|
|
Bear Threads Swiss Voile Stripe Dotted Swiss Pink 10 Yd Bolt 38.99 A Yd 100% Cotton 63 Wide $389.99 Bear Threads Swiss Voile Stripe Dotted Swiss Pink 10 Yd Bolt 38.99 A Yd 100% Cotton 63″ Wide |
|
|
K-Swiss Westward Tank (Women’s) – Black $59.95 Casual tank with racerback style and K-Swiss logo at left shoulder. Available Colors: Black, Neon Pink. |
|
|
Bear Threads Swiss Batiste Pink 30Yd Bolt 16.67 A Yd 100% Cotton 45 Wide $499.99 Bear Threads Swiss Batiste Pink 30Yd Bolt 16.67 A Yd 100% Cotton 45″ Wide |
|
|
Bear Threads Swiss Batiste Pastel Print Pink 10Yd Bolt 16.99 A Yd 100% Cotton 45 Wide $169.99 Bear Threads Swiss Batiste Pastel Print Pink 10Yd Bolt 16.99 A Yd 100% Cotton 45″ Wide |
|
|
Bear Threads F5961Pink Baby Dimity With Squares Pink 10Yd Bolt 100% Swiss Cotton 63 Wide $279.99 Bear Threads F5961Pink Baby Dimity With Squares Pink 10Yd Bolt 100% Swiss Cotton 63″ Wide |
|
|
Bear Threads Pique Jacquard Floral Pink 10 Yd Bolt 100% Swiss Cotton 60 Wide $399.99 Bear Threads Pique Jacquard Floral Pink 10 Yd Bolt 100% Swiss Cotton 60″ Wide |
|
|
Bear Threads Swiss Voile Stripe PINK, 10 Yd Bolt, $19.99 a Yard, 100% Cotton Fabric, 63 Wide $199.9 Bear Threads Swiss Voile Stripe PINK, 10 Yd Bolt, $19.99 a Yard, 100% Cotton Fabric, 63″ Wide |
|
|
Swiss Army Ladies’ Vivante – Pink Mother of Pearl – 10 Diamond Markers $595 Swiss Army creates an elegant and feminine watch, substituting genuine diamonds for the hour markers against a pink mother of pearl face. Yet, it still has the durable quality that Swiss Army is known for, along with 100 meters water resistance. Made in Switzerland with precision Swiss analog quartz movement Stainless steel case with screw in caseback 10 Genuine Diamond markers Genuine Pink Mother of Pearl dial Date Cabochon crown decoration Sapphire crystal with 3 layer anti reflective coating Water resistant to 350ft (100m) Stainless steel bracelet w/ push button deployment clasp 28mm Case Width without crown (About 1 1/8″) |
|
|
Pink Sky Before Sunrise Over the Lower Theodul Glacier and the Matterhorn Mountain, Swiss Alps $29.99 Ruth Tomlinson Pink Sky Before Sunrise Over the Lower Theodul Glacier and the Matterhorn Mountain, Swiss Alps – Photographic Print |
|
|
Wenger Swiss Clipper Watermelon Pink 16959 $38.12 The Swiss Army knife was built on the premise of portable functionality. With that thought in mind Wenger developed the Nail Clipper Swiss Army knife. Made of tempered stainless steel this retractable precision instrument fits in your pocket but is capable of delivering professional results at home in a hotel room or even in the great outdoors. It also features an ingenious deployment lever which lifts the tool out of the housing to avoid potential damage to your nails. Ergonomic handles. 1.75 Pen Blade. Exclusive nail clipper. 1.8 Springless scissors with serrated selfsharpening design. Nail file. Nail cleaner. Toothpick. Tweezers. Key ring. Actual Size: 2.5 . Weight: 1.3 oz. |
|
|
K-Swiss Ultrascendor II (Women’s) – White/Hot Pink/Silver $74.95 A new version of the original super-lightweight K-Swiss tennis shoe. A light weight is achieved with a skeletalized two-piece outsole with exposed EVA. Traction comes from a tennis-specific, multi-surface wavebone tread pattern. Available Colors: Black/Fiji Blue/White, White/Hot Pink/Silver, White/Silver. |
|
|
K-Swiss Clean Laguna T VNZ – Magenta/Pink Cloud $49.95 Classic K-Swiss sneaker with low-cut style and a rubber cupsole. Available Colors: Black/Black/Charcoal, Forest/Bright Green, Magenta/Pink Cloud, Mysterioso/Neon Violet, Navy/Brilliant Blue, Picante/Neon Orange, Storm/Black. |
|
|
Victorinox Swiss Army SwissCard Swiss Army Knife – Pink $34.45 As essential as a credit card and just as small, SwissCards even fit in a wallet. Makes a great gift. Features include a small blade, scissors, ballpoint pen, nail file, screwdriver tip, mini ruler (in. and cm), straight pin, and a toothpick. Made in Switzerland and guaranteed for life. Available Colors: Ruby, Black, Pink, Sapphire. |
|
|
Swiss Leatherware Bank Hot Pink Wallet Carrying Case for Nokia E72 $13.99 Swiss Leatherware Bank Hot Pink Wallet Carrying Case for Nokia E72 – The modern professional requires a wallet designed to accommodate the ever changing demands of the business world. The Swiss Bank is built from soft yet durable leather, and its felt interior features a number of convenient holders perfect for storing cash, credit cards, business cards and more.Buy this stylish vertical case today and we’ll ship it to your home or business for FREE! With every purchase at Wireless Emporium your satisfaction is GUARANTEED. ORDER NOW! |
|
|
Swiss Leatherware Bank Hot Pink Wallet Carrying Case for Motorola Theory $13.99 Swiss Leatherware Bank Hot Pink Wallet Carrying Case for Motorola Theory – The modern professional requires a wallet designed to accommodate the ever changing demands of the business world. The Swiss Bank is built from soft yet durable leather, and its felt interior features a number of convenient holders perfect for storing cash, credit cards, business cards and more.Buy this stylish vertical case today and we’ll ship it to your home or business for FREE! With every purchase at Wireless Emporium your satisfaction is GUARANTEED. ORDER NOW! |
|
|
Swiss Leatherware Bank Hot Pink Wallet Carrying Case for Samsung SGH-i780 $13.99 Swiss Leatherware Bank Hot Pink Wallet Carrying Case for Samsung SGH-i780 – The modern professional requires a wallet designed to accommodate the ever changing demands of the business world. The Swiss Bank is built from soft yet durable leather, and its felt interior features a number of convenient holders perfect for storing cash, credit cards, business cards and more.Buy this stylish vertical case today and we’ll ship it to your home or business for FREE! With every purchase at Wireless Emporium your satisfaction is GUARANTEED. ORDER NOW! |
|
|
Swiss Leatherware Bank Hot Pink Wallet Carrying Case for LG Vu/CU920/CU915/TU915 $13.99 Swiss Leatherware Bank Hot Pink Wallet Carrying Case for LG Vu/CU920/CU915/TU915 – The modern professional requires a wallet designed to accommodate the ever changing demands of the business world. The Swiss Bank is built from soft yet durable leather, and its felt interior features a number of convenient holders perfect for storing cash, credit cards, business cards and more.Buy this stylish vertical case today and we’ll ship it to your home or business for FREE! With every purchase at Wireless Emporium your satisfaction is GUARANTEED. ORDER NOW! |
|
|
Swiss Leatherware Bank Hot Pink Wallet Carrying Case for Sanyo SCP-2700 $13.99 Swiss Leatherware Bank Hot Pink Wallet Carrying Case for Sanyo SCP-2700 – The modern professional requires a wallet designed to accommodate the ever changing demands of the business world. The Swiss Bank is built from soft yet durable leather, and its felt interior features a number of convenient holders perfect for storing cash, credit cards, business cards and more.Buy this stylish vertical case today and we’ll ship it to your home or business for FREE! With every purchase at Wireless Emporium your satisfaction is GUARANTEED. ORDER NOW! |
|
|
Swiss Leatherware Bank Hot Pink Wallet Carrying Case for Samsung SGH-A187 $13.99 Swiss Leatherware Bank Hot Pink Wallet Carrying Case for Samsung SGH-A187 – The modern professional requires a wallet designed to accommodate the ever changing demands of the business world. The Swiss Bank is built from soft yet durable leather, and its felt interior features a number of convenient holders perfect for storing cash, credit cards, business cards and more.Buy this stylish vertical case today and we’ll ship it to your home or business for FREE! With every purchase at Wireless Emporium your satisfaction is GUARANTEED. ORDER NOW! |