Monthly Archives: November 2012

Free 2013 SEC filing calendar now available

Timelines and deadlines and files OH MY! 

To ease the stress of SEC compliance in 2013, I invite you to download our 2013 calendar.  You don’t need to fill out a form to get the calendar but I do request you to opt-in to receive our industry and product news alerts throughout 2013.  (truthfully… maybe a little bit of spam now and then. )


Have a great day.

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Hurry! It’s not too late to plan for 2014!

Taking control of your own XBRL filing process is a driving theme crossing into 2013. (so you can be ready for 2014.)

Many CFOs need true flexibility in regard to the review process timeline right up to the final filing deadline. They have too many internal constituents to juggle let alone the rigid deadlines imposed by their XBRL vendor. That is the exact problem our fleXBRL program solves.

But an important point to consider is that taking control requires your internal team must be WELL trained. Our fleXBRL program solves this too.

flexBRL is a three-tier program, and most of our client conversations are trending towards working with the “XBRL Complete” tier in 2013 to be fully ready for”XBRL Command” in 2014.

What tier best matches your 2013 XBRL readiness?  

Click here to review the tiers and tell us what your accounting  department will be in 2013.

Have a great day.

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OTC Markets Group and PR Newswire Announce Enhanced News Distribution through the OTCIQ.com Portal

November 27, 2012 – New York, NY – OTC Markets Group (OTCQX: OTCM), the operator of Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities, and PR Newswire, the global leader of innovative marketing, communications and investor relations solutions, today announced a strategic partnership that will provide OTCQX, OTCQB and OTC Pink companies a seamless and cost-effective way to broaden the dissemination of company news and information to investors and mitigate SEC risk.

PR Newswire has integrated its news distribution service with OTC Markets Group’s OTCIQ.com, an IR and business intelligence portal for OTCQX, OTCQB and OTC Pink companies. This integration enables OTCIQ.com subscribers, including SEC reporting companies, to comply with disclosure requirements by providing convenient access to the tools needed to communicate timely information to analysts, investors and the media.

This new premium offering gives OTCIQ.com subscribers the ability to maximize the distribution of their news through PR Newswire’s expansive network, including local and national media outlets, websites, online databases and Reg. FD compliant news portals, as well as through the OTC Disclosure & News Service network of broker-dealers, market data providers and financial websites.

OTCLOGOs2

“The integration of OTCIQ.com with PR Newswire provides OTCQX, OTCQB, and OTC Pink traded companies with an enhanced news distribution service and single point of access to distribute news and information and meet disclosure requirements,” said R. Cromwell Coulson, CEO of OTC Markets Group. “This new feature will streamline the communications process for companies and better enable their investors to efficiently analyze, value and trade securities traded on our marketplace. We are always looking for ways to improve the transparency and connectivity of our platform.”

In December, PR Newswire will further this integration by feeding the press releases of OTCIQ.com subscribers to the OTC Disclosure & News Service. As a result, companies will have the option of using OTCIQ.com or PR Newswire to distribute press releases. OTCQX companies that were previously required to upload their press releases to both interfaces will now also have the option to choose one platform for news distribution.

“The seamless integration of our distribution portal within OTCIQ.com helps OTCQX, OTCQB and OTC Pink companies overcome two of their biggest challenges – greater capital markets visibility and simplified shareholder communications workflow,” said Liam Power, Senior Vice President at PR Newswire. “OTC Markets Group is keenly aware of its issuers’ needs and we’re pleased they have embedded PR Newswire as the solution for companies to reach investors, engage with media and continually drive their financial brands.”

Last week’s IPOs and Transactions

There were 52 transactions filed with the SEC last week.

Congratulations to all of our clients and law firms that used our transactions services last week including Crescent Financial Bancshares, Inc. (NASDAQ) and Novelos Therapeutics, Inc. (OTC Markets).  We appreciate that they selected to work with us for this important step in their company’s growth.

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

Registrant Symbol Form Exchange Law firm
ACELRX PHARMACEUTICALS INC ACRX S-1 Nasdaq Cooley LLP
ACELRX PHARMACEUTICALS INC ACRX S-1 Nasdaq Morgan, Lewis & Bockius LLP
BEAZER HOMES USA INC BZU S-4 NYSE Beazer Homes USA, Inc.
BEAZER HOMES USA INC BZU S-4 NYSE King & Spalding LLP
BERKSHIRE HILLS BANCORP INC BHLB S-3 NYSE Luse Gorman Pomerenk & Schick
BGC PARTNERS, INC. BGCP S-3 Nasdaq Morgan, Lewis & Bockius LLP
BONANZA GOLDFIELD CORP. BONZ S-1 OTC Logan Law Firm PLC
CARROLS RESTAURANT GROUP, INC. TAST S-4 Nasdaq Akerman Senterfitt LLP
CORPORATE PROPERTY ASSOCIATES 18 GLOBAL INC S-11 Clifford Chance US LLP
CORPORATE PROPERTY ASSOCIATES 18 GLOBAL INC S-11 Venable LLP
CRESCENT FINANCIAL BANCSHARES, INC. CRFN S-4 Nasdaq Womble Carlyle Sandridge & Rice  LLP
DYNAMIC APPLICATIONS CORP DYAPD 10-12G OTC Dynamic Applications Corp.
EAGLE ROCK ENERGY PARTNERS L P EROC S-4 Nasdaq Vinson & Elkins L.L.P.
EASTGATE ACQUISITIONS CORP S-1 Leonard E. Neilson, P.C.
FIRST COMMUNITY FINANCIAL PARTNERS, INC. S-4 Schiff Hardin LLP
FIRST COMMUNITY FINANCIAL PARTNERS, INC. S-4 Schiff Hardin LLP
FIRST COMMUNITY FINANCIAL PARTNERS, INC. S-4 Schiff Hardin LLP
FIRST COMMUNITY FINANCIAL PARTNERS, INC. S-4 Vedder Price P.C.
FIRST COMMUNITY FINANCIAL PARTNERS, INC. S-4 Vedder Price P.C.
FIRST COMMUNITY FINANCIAL PARTNERS, INC. S-4 Vedder Price P.C.
FIRST NORTHWEST BANCORP S-1 Breyer & Associates PC
INDIANA MICHIGAN POWER CO IMIGP S-3 Hunton & Williams LLP
INTERMEDIA OUTDOOR HOLDINGS, INC. S-4 Paul, Weiss, Rifkind, Wharton & Garrison LLP
INTERMEDIA OUTDOOR HOLDINGS, INC. S-4 Wilson Sonsini Goodrich & Rosati, P.C.
MEMORIAL PRODUCTION PARTNERS LP MEMP S-1 Nasdaq Akin Gump Strauss Hauer & Feld LLP
MEMORIAL PRODUCTION PARTNERS LP MEMP S-1 Nasdaq Vinson & Elkins L.L.P.
NBT BANCORP INC NBTB S-4 Nasdaq Goodwin Procter LLP
NBT BANCORP INC NBTB S-4 Nasdaq Hogan Lovells US LLP
NBT BANCORP INC NBTB S-4 Nasdaq NBT Bancorp Inc.
NEUBERGER BERMAN MLP INCOME FUND INC. N-2 K&L Gates LLP
NEUROCRINE BIOSCIENCES INC NBIX S-3 Nasdaq Cooley LLP
NEUROCRINE BIOSCIENCES INC NBIX S-3 Nasdaq Neurocrine Biosciences, Inc.
NGL ENERGY PARTNERS LP NGL S-3 NYSE Winston & Strawn LLP
NOVELOS THERAPEUTICS, INC. NVLT S-1 OTC Foley Hoag LLP
ONLINE YEARBOOK S-1 Harold P. Gewerter, Esq.
ORO CAPITAL CORPORATION, INC. S-1 Charles Barkley, Esq.
PALATIN TECHNOLOGIES INC PTN S-3 NYSE Palatin Technologies Inc.
PALATIN TECHNOLOGIES INC PTN S-3 NYSE Thompson Hine LLP
PDC ENERGY, INC. PDCE S-4 Nasdaq Davis Graham & Stubbs LLP
POWERWAVE TECHNOLOGIES INC PWAV S-3 Nasdaq Manatt, Phelps & Phillips, LLP
POWERWAVE TECHNOLOGIES INC PWAV S-3 Nasdaq Stradling Yocca Carlson & Rauth
PRGX GLOBAL, INC. PRGX S-3 Nasdaq Troutman Sanders LLP
SASANI FILMS CORP S-1 Sasani Films Corp.
SPECTRUM PHARMACEUTICALS INC SPPI S-3 Nasdaq Stradling Yocca Carlson & Rauth
SYNALLOY CORP SYNL S-3 Nasdaq LeClairRyan
TAP RESOURCES, INC. TAPP S-1 OTC Law Offices of Thomas E. Puzzo, PLLC
TITAN IRON ORE CORP. TFER S-1 OTC Clark Wilson LLP
UNIVERSAL HEALTH REALTY INCOME TRUST UHT S-3 NYSE Fulbright & Jaworski L.L.P.
VALUE HEALTH INC / CT S-4 Skadden, Arps, Slate, Meagher & Flom LLP
VANTAGE DRILLING CO VTG S-4 NYSE Fulbright & Jaworski L.L.P.
VANTAGE DRILLING CO VTG S-4 NYSE Kilpatrick Townsend & Stockton LLP
YADKIN VALLEY FINANCIAL CORP YAVY S-3 Nasdaq Nelson Mullins Riley & Scarborough LLP

Have a great day.

Last week’s IPOs and Transactions

There were 53 transactions filed with the SEC last week.

Congratulations to all of our clients and law firms that used our transactions services last week including First Rate Staffing Corp., Arrayit Diagnostics, Inc. and Advaxis, Inc.  We appreciate that they selected to work with us for this important step in their company’s growth.

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

Registrant Symbol Form Exchange Advisor / Law Firm
ADVAXIS, INC. ADXSE S-1 OTC Greenberg Traurig, LLP
ADVAXIS, INC. ADXSE S-1 OTC Greenberg Traurig, LLP
ALIMERA SCIENCES INC ALIM S-1 Nasdaq Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP
AMERICAN RETAIL ALLIANCE CORP. S-1 American Retail Alliance, Corp.
AMERICAN RETAIL ALLIANCE CORP. S-1 Williams Securities Law Firm, P.A.
APOLLO RESIDENTIAL MORTGAGE, INC. AMTG S-3 NYSE Clifford Chance LLP
ARRAYIT DIAGNOSTICS, INC. S-1 Sonfield & Sonfield
BOISE CASCADE, L.L.C. S-1 Kirkland & Ellis LLP
BOISE CASCADE, L.L.C. S-1 Winston & Strawn LLP
CAMP NINE, INC. S-1 Brown, Brown & Premsrirut
CARROLS RESTAURANT GROUP, INC. TAST S-3 Nasdaq Akerman Senterfitt LLP
CELATOR PHARMACEUTICALS INC 10-12G Celator Pharmaceuticals, Inc.
CELATOR PHARMACEUTICALS INC 10-12G Duane Morris LLP
CHINA VANTAGEPOINT ACQUISITION CO CHVQF S-4 OTC Loeb & Loeb LLP
CORNER STORE HOLDINGS, INC. 10-12B Valero Investor Relations
DLH HOLDINGS CORP. DLHC S-3 Nasdaq Becker & Poliakoff, LLP
ENCISION INC ECIA S-3 OTC Faegre Baker Daniels LLP
Advaxis, Inc. S-1 Cassidy & Associates
GLATFELTER P H CO GLT S-4 NYSE Shearman & Sterling LLP
GUIDED THERAPEUTICS INC GTHP S-1 OTC Jones Day
HARVEST NATURAL RESOURCES, INC. HNR S-3 NYSE Fulbright & Jaworski L.L.P.
HEATWURX, INC. S-1 Brownstein Hyatt Farber Schreck, LLP
LIBERTY SILVER CORP LBSV S-1 OTC Frascona, Joiner, Goodman and Greenstein, P.C.
MANHATTAN BANCORP MNHN S-1 OTC Bingham McCutchen LLP
MEDICINOVA INC MNOV S-3 Nasdaq Cooley LLP
MICHAELS STORES INC S-4 Michaels Stores, Inc.
MICHAELS STORES INC S-4 Ropes & Gray LLP
NUVEEN CALIFORNIA AMT-FREE MUNICIPAL INCOME FUND NKX N-2 NYSE Bingham McCutchen LLP
NUVEEN CALIFORNIA QUALITY INCOME MUNICIPAL FUND INC NUC N-2 NYSE Bingham McCutchen LLP
NUVEEN CALIFORNIA SELECT QUALITY MUNICIPAL FUND INC NVC N-2 NYSE Bingham McCutchen LLP
OLD LINE BANCSHARES INC OLBK S-4 Nasdaq Gordon Feinblatt LLC
OLD LINE BANCSHARES INC OLBK S-4 Nasdaq Ober, Kaler, Grimes & Shriver, P.C.
OLD LINE BANCSHARES INC OLBK S-4 Nasdaq WSB Holdings, Inc.
OPEXA THERAPEUTICS, INC. OPXA S-3 Nasdaq Pillsbury Winthrop Shaw Pittman LLP
OPEXA THERAPEUTICS, INC. OPXA S-3 Nasdaq Pillsbury Winthrop Shaw Pittman LLP
POWERSHARES DB MULTI-SECTOR COMMODITY TRUST AGA S-3 NYSE Sidley Austin LLP
PRICED IN CORP. S-1 Anslow + Jaclin, LLP
RIVERBED TECHNOLOGY, INC. RVBD S-4 Nasdaq Cooley LLP
RIVERBED TECHNOLOGY, INC. RVBD S-4 Nasdaq Weil, Gotshal & Manges LLP
SJW CORP SJW S-3 NYSE Morgan, Lewis & Bockius LLP
SOUTH POINT FLOATING RATE INCOME FUND N-2 Bingham McCutchen LLP
SOUTHWESTERN ENERGY CO SWN S-4 NYSE Cleary Gottlieb Steen & Hamilton LLP
SUPERFUND GREEN, L.P. S-1 Sidley Austin LLP
SUPERNUS PHARMACEUTICALS INC SUPN S-1 Nasdaq Goodwin Procter LLP
SUPERNUS PHARMACEUTICALS INC SUPN S-1 Nasdaq Saul Ewing LLP
SUPERNUS PHARMACEUTICALS INC SUPN S-1 Nasdaq Supernus Pharmaceuticals, Inc.
TRANSCONTINENTAL GAS PIPE LINE COMPANY, LLC S-4 Gibson, Dunn & Crutcher LLP
ULTRA CLEAN HOLDINGS INC UCTT S-1 Nasdaq Davis Polk & Wardwell LLP
UNIT DRILLING & EXPLORATION CO S-4 Conner & Winters, LLP
UNITED RENTALS NORTH AMERICA INC S-4 Sullivan & Cromwell LLP
UNITED RENTALS NORTH AMERICA INC S-4 Sullivan & Cromwell LLP
VIASAT INC VSAT S-4 Nasdaq Latham & Watkins LLP
XTREME HEALTHCARE CORP S-1 Cassidy & Associates

Have a great day.

Infographic & question #8: For the stocks that you CURRENTLY OWN or follow, do you listen to the company’s quarterly earnings webcasts?

As was clearly demonstrated a couple weeks ago, quarterly reporting to investors is not only about the press release on the wire. Investors react to many channels. What about the actual earnings call? Is the webcast listened to? 

For Question #8, we asked investors if they listen to earnings webcasts of the companies already in their portfolio.  Here are the results from all the questions (so far).

“…the hotel ballroom full of corporate finance professionals erupted into laughter.” (XBRL!)

A very straight-forward article by Emily Chasan, Senior Editor, of the WSJ’s CFO Journal regarding corporate issuers view on XBRL titled “Companies Grow Weary of XBRL.”  Read article here.

Needless to say, the companies are not big fans of XBRL. We’ve commented on this before. As an industry, we’re about to cross into year four for many companies (the Fortune 500) and they still see all pain, no gain. We hear this from clients all the time.

How do we help? It’s not within our influence to have the SEC roll back the rule ~ and I would not look for that to happen. XBRL is a global movement.

What we do have is a filing solutions that will ease the burden, both fiscally and workflow. We’ve named our program fleXBRL – the point being flexible: options that match your needs. We love to send you details. Click here.

Have a great day.

Last week’s IPOs and Transactions

 There were 48 transactions filed with the SEC last week.

Congratulations to all of our clients and law firms that used our transactions services last week including IsoRay, Inc. (NYSE),  Crumb Bake Shops, Inc. (NASDAQ) and E-World USA Holdings, Inc. We appreciate that they selected to work with us for this important step in their company’s growth.

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

Registrant Symbol Form Exchange Advisor / Law Firm
ACHILLION PHARMACEUTICALS INC ACHN S-3 Nasdaq Wilmer Cutler Pickering Hale and Dorr LLP
AMERICAN SUPERCONDUCTOR CORP /DE/ AMSC S-3 Nasdaq Latham & Watkins LLP
AMKOR TECHNOLOGY INC AMKR S-4 Nasdaq Dechert LLP
ATLAS PIPELINE PARTNERS LP APL S-4 NYSE Ledgewood Law
BABYLON LTD F-1 Gornitzky & Co.
BABYLON LTD F-1 White & Case LLP
BABYLON LTD F-1 Davis Polk & Wardwell LLP
BABYLON LTD F-1 Goldfarb Seligman & Co.
BANK OF THE OZARKS INC OZRK S-4 Nasdaq Bradley Arant Boult Cummings LLP
BANK OF THE OZARKS INC OZRK S-4 Nasdaq Kutak Rock LLP
C & C TOURS INC 10-12G C & C Tours, Inc.
CRUMBS BAKE SHOP, INC. CRMB S-3 Nasdaq Gordon Feinblatt LLC
CRUMBS BAKE SHOP, INC. CRMB S-3 Nasdaq Lowenstein Sandler PC
DIVIO HOLDINGS, CORP. S-1 Law Offices of Thomas E. Puzzo, PLLC
ENANTA PHARMACEUTICALS INC S-1 Edwards Wildman Palmer LLP
ENANTA PHARMACEUTICALS INC S-1 Davis Polk & Wardwell LLP
E-WORLD USA HOLDING,INC S-1 National Registered Agents, Inc. of NV
FIESTA RESTAURANT GROUP, INC. FRGI S-3 Nasdaq Akerman Senterfitt LLP
FIRST BANCORP /PR/ FBP S-3 OTC Morgan, Lewis & Bockius LLP
GOLD RIDGE RESOURCES INC S-1 Aspen Asset Management Services, LLC.
GOLD RIDGE RESOURCES INC S-1 Rosenfeld Bauman & Forbes
ING U.S., INC. S-1 Davis Polk & Wardwell LLP
ING U.S., INC. S-1 Sullivan & Cromwell LLP
ISORAY, INC. ISR S-3 NYSE Keller Rohrback, PLC
KENNEDY WILSON INC S-3 Latham & Watkins LLP
MVC CAPITAL, INC. MVC N-2 Schulte Roth & Zabel LLP
NEOGENOMICS INC NGNM S-1 OTC K&L Gates, LLP
NEWS AMERICA INC S-4 Hogan Lovells US LLP
NEXSTAR BROADCASTING INC S-3 Kirkland & Ellis LLP
NEXUS ENTERPRISE SOLUTIONS, INC. S-1 Bart and Associates LLC
OCONN INDUSTRIES CORP S-1 Synergen Law Group, APC
ONCOGENEX PHARMACEUTICALS, INC. OGXI S-3 Nasdaq Fenwick & West LLP
PACIFIC PREMIER BANCORP INC PPBI S-4 Nasdaq Patton Boggs LLP
PACIFIC PREMIER BANCORP INC PPBI S-4 Nasdaq Haynie, Rake & Repass, P.C.
PHILLIPS 66 PSX S-4 NYSE Bracewell & Giuliani LLP
POST FOODS, LLC S-4 Lewis, Rice & Fingersh, L.C.
RESEARCH FRONTIERS INC REFR S-3 Nasdaq Research Frontiers Inc.
SCIENTIFIC GAMES CORP SGMS S-4 Nasdaq Latham & Watkins LLP
SOLIGENIX, INC. SNGX S-1 OTC Edwards Wildman Palmer LLP
SOUTHERN POWER CO S-3 Southern Power Company
SOUTHERN POWER CO S-3 Troutman Sanders LLP
STEVIA NUTRA CORP. STNT S-1 OTC Anslow + Jaclin, LLP
TENGION INC TNGN S-1 OTC Ballard Spahr LLP
TENGION INC TNGN S-1 OTC Ballard Spahr LLP
TRANSBIOTEC, INC. IMLE S-1 OTC Craig V. Butler
VISTA HOLDING GROUP, CORP. S-1 David Lubin & Associates, PLLC
WESTERN GAS EQUITY PARTNERS, LP S-1 Vinson & Elkins L.L.P.
WESTERN GAS EQUITY PARTNERS, LP S-1 Latham & Watkins LLP

Have a nice day.

Check-the-box for retail investors!

The highlight of yesterday’s RetailInvestorConferences.com event was that one of our presenting CEOs shared that he selected us to initiate their investor relations outreach to individual investors.

ABSOLUTELY this gives us the anecdotal “warm & fuzzies,” but this is important for a professional IR reason: he has made a conscious (corporate) long-view decision to target affirmed self-directed investors and not pump his stock to the newsletter dumpers. This OTC CEO has a product, a vision and the proper view on sustainable growth. Thus… he selected to present at this month’s conference.

On the other end of the market-cap spectrum, one of the world’s largest energy companies presented yesterday as they do once every quarter. RetailInvestorConferences.com is one of the tiles in their shareholder communications mosaic – and the consistency of their presence sends a solid signal to stakeholders, retail or institutional. A certain publicly-traded duck has this same strategy with us.  

What is your company’s strategy for individual investors?  What do you report when your BOD asks?  Generally, it’s one of three 1.) active 2.) passive or 3.) none.a

The seed to plant from this post is that RetailInvestorConferences.com is a VERY easy- to-execute (check- the-box) demonstration that your company does consider retail investors worthy of a small communications investment to have an open and direct dialogue with them. Reaching “Investomers” is often important for many companies: Investomers believe in the product, they are apt to believe the stock.

Request information here. (Indicate Virtual Investor Conferences in the menu)

View 2013 conference calendar here.

Have a great day.

More eyeballs to prevent filing errors. THAT is a best practice I understand.

One aspect from the pre-release of Google’s earnings 8-K was the point of web disclosure – the shareholder communications option of not using a newswire service to disclose material news.  The SEC approved web disclosure in 2008 – it’s an old, tired discussion and it would disingenuous for a newswire to label web disclosure as either best practice or not-best practice. Dammit Jim, I’m a newswire, not a securities lawyer.

What I will speak to is a workflow path that includes professional review (proofread) editors and the double-checks of running an 8-K through an integrated newswire – SEC filing provider… um, like PR Newswire-Vintage Filings for example.

Again, this path is NOT for every issuer. Our new fleXBRL offers a 100% issuer-controlled DIY path to both XBRL and standard EDGAR filing.

Have a great day.