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Eric J. Benzenberg, Esq.
Apr 4, 20233 min read
Can a deSPAC be used to Combat Counterfeit Shares and Naked Short Selling?
In a deSPAC transaction, the SPAC raises money through an initial public offering (IPO) with the intention of acquiring a company within...
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Eric J. Benzenberg, Esq.
Feb 27, 20235 min read
How OTC Companies can Utilize SPACs to get Listed on a National Exchange
What is a SPAC? A Special Purpose Acquisition Company (“SPAC”) is a publicly traded company that has no formal commercial operations. A...
2,508
Mark R. Basile, Esq.
Feb 9, 20233 min read
Merchant Cash Advance Industry in New York – Not so Fast!
Merchant Funders, companies that purport to purchase future accounts receivables from small underfunded private and public companies, and...
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Eric J. Benzenberg, Esq.
Mar 29, 20224 min read
Why a CEO MUST Consult an Attorney Prior to Amending a “Choice of Law” Provision in a Contract
Most laws in our country don’t tend to differ much between states. In fact, it’s probably accurate to say that a majority of states’...
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Marjorie M. Santelli Esq. and Christopher M. Basile, Esq.
Feb 27, 20228 min read
How RICO and the Adar Bays Decision Can Help Microcaps Recover Losses Caused by Toxic Lending
On October 14, 2021, the New York Court of Appeals issued its decision in Adar Bays. The Adar Bays decision put a major dent in the...
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J. Richard Iler
Feb 9, 20213 min read
OTC Market Issuer’s Restructuring – A CFO’s Perspective
Having been the CFO of 4 publicly traded OTC Market issuers, I have been challenged to present those companies financial conditions not...
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The Basile Law Firm P.C.
Feb 5, 20213 min read
Beware of Fake Corporate Restructuring Groups
Our firm receives dozens of calls from small public companies that have been misled by rogue advisors claiming they do restructurings,...
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Mark R. Basile, Esq.
Feb 4, 20213 min read
Restructuring: Re-Boot towards Building a Microcap Company
A few weeks ago, a CEO of a microcap company was telling me a story all too familiar to microcap OTC Markets trading issuer CEO's. He had...
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The Basile Law Firm P.C.
Jan 19, 20212 min read
Is There an Alternative to Litigation for a Microcap?
Why an Alternative to Litigation is better for Lenders and Funders: Over the past couple of years, I have seen more and more microcap...
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The Basile Law Firm P.C.
Jun 9, 20206 min read
Transfer Agents and a new Standard for Rule 144 Opinion Letters
Transfer agents require convertible note holders to supply a legal opinion letter from a securities attorney explaining the legal basis...
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Mark R. Basile, Esq.
Nov 13, 20194 min read
Microcap Transfer Agents: Friend or Foe?
I was prompted to write this article based on some disturbing information I had found out about a fairly well known and active transfer...
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The Basile Law Firm P.C.
Nov 13, 20199 min read
Is A Convertible Note a Security?
Convertible Note Stock may NOT be eligible for Resale after 6 months but may also be subject to state Usury Laws. The deadly toxic...
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