Monthly Archives: February 2012

So, are financial institutions and other bright people (not me) actually using your XBRL filings?

It’s agreed. For public companies, the transition to XBRL has been an emotional and expensive* road. Additionally, it feels like we’ve been talking about it for years; in fact I hosted my first XBRL webcast back in 2003. It’s 2012 and XBRL is a reality and a regulation.

This leads us to the question is anyone on Wall Street and the business analytics side of the data flow using XBRL? The short answer is “yes.”

The long answer is let your XBRL Geek Flag fly and watch this video of yesterday’s XBRL and Financial Analysis Technology Conference presented by XBRL.US and The NYSSA – New York Society of Security Analysts. 

WATCH THE WEBCAST HERE

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Keynotes and presenters

  • John Rogers, CFA, President and CEO, CFA Institute – Keynote
  • Mike Starr, SEC Deputy Chief Accountant for Policy Support and Market Monitoring – Keynote
  • Corporate Reporting Panel: Terri Polley, Financial Accounting Foundation; Suzanne Harnett, Pfizer
  • Alternative Research Data and XBRL Panel: Sara Noble, Blue Matrix; Michael Mayhew, Integrity Research Associates; Christine Tan, Prime Aim
  • Analytical Tools Demonstration: Eric Linder, SavaNet; Elias-John Kies, Edgar-Online; Campbell Pryde, XBRL US
  • XBRL Challenge – Open Source Analytical Tools Using XBRL Data: Al Berkeley, Security First, Eric Gillespie, Viano Capital; Marc Donner, Google; Paul Ratnaraj, Wharton Research Data Services; Philip Moyer, Safeguard Scientific

Some XBRL agents are more cost effective than others Hint hint.

Have a great day.

NYSE, NASDAQ and OTC Markets Listed Companies Join to Webcast Live, March 1st at RetailInvestorConferences.com

( NOTE: These monthly conferences are a now an integral element within PR Newswire’s Capital Markets Visibility 365, a new investor relations strategy designed for small and micro-cap companies.

Click here to watch Capital Markets Visibility 365 videos. )

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Main Street and Wall Street investors to attend interactive real-time virtual conference

New York, NY, Feb 27, 2012 /PRNewswire/ — BetterInvesting (NAIC), PR Newswire and MUNCmedia today announced the agenda of the upcoming RetailInvestorConferences.com, the monthly online investor conference series. Individual investors, institutional investors and analysts are invited.

Pre-registration is suggested to save time: There is no fee for anyone to log-in, attend the live presentations and ask questions.

LINK: www.retailinvestorconferences.com > red “register/ watch event now” button

10:00 AM – 10:50 AM Aflac Incorporated NYSE: AFL
11:00 AM – 11:50 AM Bridgeline Digital, Inc. NASDAQ: BLIN
12:00 PM – 12:50 PM Education session:Michael Berry, Ph.D & Dr. Terry Rickard Discovery Investing Scoreboard – “What is DIS?”
1:00 PM – 1:50 PM Organovo Holdings, Inc OTC: ONVO
2:00 PM – 2:50 PM Agree Realty Corporation NYSE: ADC
3:00 PM – 3:50 PM Education session:Investor Uprising “Market Update 2012″
4:00 PM – 4:50 PM Ironclad Performance Wear Corporation OTC: ICPW
5:00 PM – 5:50 PM Education session:IClub Central / Investor Advisory “401k Boot Camp: The Basics of Investing in Your Company Retirement Plan”

February 2nd conference: click here to listen to the archived presentations: www.retailinvestorconferences.com > red “register/ watch event now” button.

Axion International Holdings OTC: AXIH
Cyalume Technologies Holdings, Inc. OTC: CYLU
Education session: Benzinga “How Social Media Is Shaping Today’s Trading Environment”
Education session: BetterInvesting.org “Winning with Stocks: The Only Strategy You’ll Ever Need”
AxoGen, Inc. OTC: AXGN
Vision-Sciences, Inc. NASDAQ: VSCI
SAP NYSE: SAP
Chembio Diagnostic, Inc. OTC: CEMI
Tahoe Resources, Inc. TSX: THO.TO
Education session: IClub Central / Investor Advisory “Industry Analysis for the Bottom-Up Stock Investor”

The next event is April 5th, 2012 — time slots are filling quickly: It is recommended that public companies book their preferred time slot now. Click here to email John Viglotti at PR Newswire. IR firms and PR firms are invited to contact Viglotti.

Planning calendar available: To facilitate investor relations scheduling and budgeting, a full calendar of Retail Investor Conferences.com dates is available on http://www.retailinvestorconferences.com/VRIC_calendar.html

Last week’s IPOs & Transactions

There were 18 transactions filed with the SEC last week. (short holiday week)

Congratulations to all of our clients that filed last week, including Kingold Jewelry,Inc. (Nasdaq), Fuse Science (OTC) and China Recycling Energy Corp. (Nasdaq). We appreciate that they selected to work with us for this important step in their company’s growth.

Registrant Symbol Form Exchange Advisor / Law Firm
ACCESS PHARMACEUTICALS INC ACCP S-1 OTC Bingham McCutchen LLP
AMERICAN CAPITAL MORTGAGE INVESTMENT CORP. MTGE S-11 Nasdaq Skadden, Arps, Slate, Meagher & Flom LLP
BENBOW HOLDING INC. S-1 How2gopublic.com
CHINA RECYCLING ENERGY CORP CREG S-3 Nasdaq McKenna Long & Aldridge LLP
CONESTOGA ENTERPRISES INC S-4 Kutak Rock LLP
CRYOLIFE INC CRY S-3 NYSE CryoLife, Inc.
DARA BIOSCIENCES, INC. DARA S-1 Nasdaq K&L Gates LLP
DUNE ENERGY INC DUNR S-1 OTC Andrews Kurth LLP
FORESTAR GROUP INC. FOR S-3 NYSE Skadden, Arps, Slate, Meagher & Flom LLP
FUSE SCIENCE, INC. DROP S-1 Roetzel & Andress
GRANT PARK FUTURES FUND LIMITED PARTNERSHIP S-1 Dearborn Capital Management, L.L.C.
KINGOLD JEWELRY, INC. KGJI S-3 Nasdaq Reed Smith LLP
MARSHALL EDWARDS INC MSHL S-1 Nasdaq Morgan, Lewis & Bockius LLP
MERRILL LYNCH & CO., INC. MER S-3 NYSE McGuireWoods LLP
NEW GLOBAL ENERGY, INC. S-1 New Global Energy,  Inc.
NEWSUMMIT BIOPHARMA HOLDINGS LTD F-1 Simpson Thacher & Bartlett LLP
SANGAMO BIOSCIENCES INC SGMO S-3 Nasdaq Morgan, Lewis & Bockius LLP
UNIFIED GROCERS, INC. S-1 Sheppard, Mullin, Richter & Hampton LLP

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Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors.

Have a great day.

IR could simply follow the SEC’s use of social media

As reported by the WSJ yesterday, the SEC Whistleblower Office’s “brand” was used in email spam. There is nothing particularly unique in that… many brands (banks, shipping companies, IRS) have been borrowed to get people to click and install malicious software.

Of interest for investor relations departments ( and their General Counsel ) is that the SEC used Twitter to alert people, media, etc. that their Whistleblower Office did not send the email.

Bottomline: For now, at the very least – simply use social media as a one-way communications channel towards people who have indicated they have interest in your company… consider it the exact same as the “email alert” sign-up we build on all our IR websites.

We in the marketing business call these people” leads” and we kill to get them.

Have a great day.

Video snippet: SEC’s Mary Schapiro on social media and insiders

“The low cost ease of reaching millions of people through social media creates opportunities for mischief…”

Personally, I like Ms. Shapiro’s efforts. Her agenda seems to be one of enforcement and not so much of leaving a political legacy.

 

There is a lot of small and micro-cap fraud AND fraudulent promoters preying on small-caps. It taints the whole market. Our Capital Markets Visibility 365 is a positive action against that – especially for smaller companies.

Have a great day.

PR Newswire hires IR services veteran Bradley H. Smith

(FROM insideinvestorrelations.com – IR Magazine.) The publisher told me I am the first ever “service provider” interviewed. Very honored, actually.

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PR Newswire hires IR services veteran Bradley H. Smith
Smith reflects on a career in IR services stretching back to 2000

PR Newswire, the company that pioneered electronic distribution of press releases nearly 60 years ago, is sharpening its focus on IR offerings, hiring Bradley Smith to fill the newly created position of director of marketing for the company’s investor relations and compliance solutions.

Smith’s career in IR services extends back to 2000 and includes stints with NASDAQ OMX, where he was director of products and strategy in its corporate services group and director of marketing and communications at Shareholder.com, which was acquired by NASDAQ in 2006.

He most recently was chief marketing officer for MUNCmedia, a retail investor targeting firm, where he helped launch Retail Investor Conferences, an online monthly showcase for companies to reach individual investors. That service was launched in 2010 jointly between PR Newswire, BetterInvesting and MUNCmedia.

That’s not the first IR-specific offering PR Newswire has launched: in 2007 it acquired Vintage Filings, a financial printer and Edgar filing service that also provides XBRL filing capability.

IR industry reflections

Reflecting on the evolution of IR services, Smith says the practice has become more mature in its use of technology, even for small-cap stocks.

‘Twelve years ago, having an IR website was a milestone,’ he says. ‘Now, it’s de rigueur, particularly in North America were investors expect an IR website… just to verify the company is not a shill.’

But that sophistication has not yet penetrated to the micro-cap sector, which Smith describes as ‘still in the dark ages a little bit’ when it comes to use of IR websites.

The retail investor landscape has also changed over the past decade, he observes. ‘The web has made people a lot more self-directed. You see a lot more day traders, though they’re not all pump-and-dumpers.’

‘Quiver of products’

Smith sees his job at PR Newswire as helping the IR community understand his firm has ‘a whole quiver of products’ to help improve IROs’ communications with investors. ‘Our DNA is both in compliance and communications,’ he concludes.

Before NASDAQ, Smith was a director of marketing communications at InfiMed, a Syracuse, New York-based medical digital imaging company. He has served on advisory boards and is a member of NIRI, a graduate of SUNY Potsdam College and studied advertising and design at Manhattan’s School of Visual Arts.

Smith is a keen user of social media and can be found tweeting for PR Newswire at @IRandCompliance.

Last week’s IPOs & Transactions

There were 61 transactions filed with the SEC last week.

Congratulations to all of our clients that filed last week, including Web.com Group, Inc. (NASDAQ), Musclepharm Corp. (OTCMarkets) and Overseas Shipholding Group, Inc. (NYSE). We appreciate that they selected to work with us for this important step in their company’s growth.

Issuer Symbol Form Exchange Registrant
ADCHINA LTD. F-1 Nasdaq Simpson Thacher & Bartlett LLP
AIRCASTLE LTD AYR S-4 NYSE Skadden, Arps, Slate, Meagher & Flom LLP
ALEXANDER & BALDWIN HOLDINGS, INC. S-4 Skadden, Arps, Slate, Meagher & Flom LLP
ALKERMES PLC. ALKS S-1 Nasdaq Cleary Gottlieb Steen & Hamilton LLP
AMERILITHIUM CORP. AMEL S-1 OTCBB Lucosky Brookman LLP
ARGAN INC AGX S-3 NYSE Robinson & Cole LLP
ATOSSA GENETICS INC ATOS S-1 Ropes & Gray LLP
AUTHENTIDATE HOLDING CORP ADAT S-3 Nasdaq Becker & Poliakoff, LLP
BEAZER HOMES USA INC BZH S-4 NYSE Beazer Homes USA, Inc.
CAESARSTONE SDOT-YAM LTD. F-1 White & Case LLP
CALDERA PHARMACEUTICALS INC S-1 Gracin & Marlow, LLP
DIAMONDBACK ENERGY, INC. S-1 Akin Gump Strauss Hauer & Feld LLP
DYNACAST FINANCE INC. S-4 McGuireWoods LLP
E2OPEN INC S-1 Wilson Sonsini Goodrich & Rosati, P.C.
EMPIRE STATE REALTY TRUST, INC. S-11 Clifford Chance US LLP
EMPIRE STATE REALTY TRUST, INC. S-4 Proskauer Rose LLP
EQT MIDSTREAM PARTNERS, LP S-1 Baker Botts L.L.P.
GOLD PARTY PAYDAY INC S-1 Greenberg Traurig, LLP
GREENPOWER INTERNATIONAL GROUP LTD S-1 Cassidy & Associates
HEADWATERS INC HW S-3 NYSE Pillsbury Winthrop Shaw Pittman LLP
HECKMANN CORP HEK S-3 NYSE Reed Smith LLP
HERITAGE-CRYSTAL CLEAN, INC. HCCI S-3 Nasdaq McDermott Will & Emery LLP
IMETRIK M2M SOLUTIONS INC. IMEK S-1 OTCBB Conrad C. Lysiak, P.S.
JA ENERGY JAEN S-1 OTCBB LAW OFFICES OF THOMAS C. COOK, LTD.
LANTRONIX INC LTRX S-3 Nasdaq Paul Hastings LLP
MOODY NATIONAL REIT I, INC. S-11 Moody National REIT Sponsor, LLC
MULTI COLOR CORP LABL S-3 Nasdaq Keating Muething & Klekamp PLL
MUSCLEPHARM CORP MSLP S-1 OTCBB Lucosky Brookman LLP
NORFOLK SOUTHERN CORP NSC S-4 NYSE Skadden, Arps, Slate, Meagher & Flom LLP
OPTIMUMBANK HOLDINGS, INC. OPHC S-3 Nasdaq Shutts & Bowen LLP
OVERSEAS SHIPHOLDING GROUP INC OSG S-3 NYSE Proskauer Rose LLP
PINGIFY INTERNATIONAL INC. S-1 Rosenfeld, Bauman & Forbes
PROVIDENT NEW YORK BANCORP PBNY S-3 NYSE Arnold & Porter LLP
RESOURCE CAPITAL CORP. RSO S-3 NYSE Ledgewood
RESTORATION INDUSTRIES, INC. S-1 J.M. Walker & Associates
REVOLUTIONS MEDICAL CORP RMCP S-1 Other OTC Lucosky Brookman LLP
SALLY BEAUTY HOLDINGS, INC. SBH S-4 NYSE Alston & Bird LLP
SUMMIT HOTEL PROPERTIES, INC. INN S-3 NYSE Hunton & Williams LLP
SUPERFUND GOLD, L.P. S-1 Sidley Austin LLP
ULURU INC. ULU S-1 NYSE Bingham McCutchen LLP
VIPSHOP HOLDINGS LTD F-1 Skadden, Arps, Slate, Meagher & Flom LLP
WEB.COM GROUP, INC. WWWW S-3 Nasdaq Web.com Group, Inc.
ZBB ENERGY CORP ZBB S-1 NYSE K&L Gates LLP

Click here and opt-in to receive this weekly summary via email

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors.

Have a great day.

Oh, the pressure of the first blog post at a new job.

Hmmmmm. What to write.

Profound? Educational? Competitive? Humorous?

I’m going for helpful AND free.

Special Offer: keep current with this year’s reporting rules for your 10-K, 10-Q, 8-K and Proxy Statements.

We invite you to request your copies of these annual SEC Reference Guides, two free guidebooks that will reassure your compliance throughout 2012.

~ Thank you and have a great day.