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                 We Assist Companies in Going Public

Reverse Acquisitions have been a way for Chinese companies to go public in the US. Last week it was reported many Chinese companies may delist from the US stock markets.

The reason for this trend of Chinese companies delisting is an accounting as well as a sovereign issue. The Chinese government does not want the United States regulatory agencies such as the PCAOB (Public Company Accounting Oversight Board) and the SEC (Securities and Exchange Commission) involved in regulating accounting firms in China.
We think this is just a posturing position and that soon the number of reverse mergers that many Chinese businesses have used to go public will be back to the historical number of mergers with US shell companies.

St. Joseph‘s announced a LOI for a reverse acquisition involving a company called Karavos Holdings. St. Joseph is in the midst of doing due diligence now and any mergers will be completed after that process in concluded. St. Joseph’s is a public company that traded on the OTCBB (Over the counter bulletin board) under the stock symbol STJO.

The market maker for many OTC securities is Knight Trading. They are currently considering the Nasdaq plan regarding the debacle involving the Facebook IPO.

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