March 10, 2010

Ramping Up for Nasdaq’s Delisting Procedures

The bid price grace periods are running out for quite a few Nasdaq companies next week. In this podcast, Dave Donohoe of Donohoe Advisory Associates explains the impact of that as well as other Nasdaq delisting issues, including:

– How is Nasdaq dealing with bid price deficient issuers in the delisting hearing process?
– Is it possible to delay implementing a reverse stock split once you are in the hearing process?
– Have any significant rule filings related to delistings been adopted by Nasdaq recently?
– How is Nasdaq applying its reverse merger rule?
– Are there particular issues that companies should be aware of when transitioning from Nasdaq or Amex to the OTCBB or the Pink Sheets? Are there other over-the-counter options available?

Broadridge Enters Transfer Agent Business

Game on! Yesterday, Broadridge announced it acquired StockTrans, thereby moving into the stock transfer business for small- and mid-size companies. Broadridge’s move into the transfer agent biz seems like a natural extension of the proxy management and shareholder communication services that the company currently provides to companies and should make it more easy for client companies to communicate with their own shareholders.

As I’ve been saying for a while, I normally don’t recommend a stock to buy since I’m certainly no expert – but buying BR sure has made sense for me as it’s nearly doubled over the past year.

More on “The Mentor Blog”

We continue to post new items daily on our blog – “The Mentor Blog” – for members. Members can sign up to get that blog pushed out to them via email whenever there is a new entry by simply inputting their email address on the left side of that blog. Here are some of the latest entries:

– Framework: Succession Planning Discussion by Boards
– Law Firms and Their Dead Pages
– Recent Court Case Confirms the Importance of Well Drafted Forward-Looking Statement Disclosure
– Auditor Engagement Letters: Time for a Review
– What Has Your Bar Done for You Lately?

– Broc Romanek