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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Gustave Passanante, Esq.
- Mar 20
- 3 min
Navigating Business Disputes and Litigation: Strategies for Managing Risk
Business disputes can arise for a variety of reasons, ranging from breach of contract to disputes with shareholders, employees,...
45
Gustave Passanante, Esq.
- Feb 27
- 5 min
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...
1,787
Mark R. Basile, Esq.
- Feb 9
- 3 min
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...
403
Marjorie M. Santelli Esq. and Christopher M. Basile, Esq.
- Feb 27, 2022
- 8 min
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...
1,385
Joey Chancis
- Feb 14, 2021
- 5 min
From One OTC Markets CEO to all of the Others - Toxic Convertible Debt Will Ruin your Company
It was the hardest lesson I have ever learned. It cost me everything. The Business, my personal investment, my reputation and most of all...
374
J. Richard Iler
- Feb 9, 2021
- 3 min
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...
175
The Basile Law Firm P.C.
- Feb 5, 2021
- 3 min
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,...
148
Mark R. Basile, Esq.
- Feb 4, 2021
- 3 min
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...
66
The Basile Law Firm P.C.
- Jan 19, 2021
- 2 min
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...
47
The Basile Law Firm P.C.
- Jun 9, 2020
- 6 min
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...
899
Mark R. Basile, Esq.
- Nov 13, 2019
- 4 min
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...
162
The Basile Law Firm P.C.
- Nov 13, 2019
- 9 min
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...
312