Comments on: Small Business Given More Time for Sarbanes-Oxley

By: Mat

Mat — Fri, 30 Sep 2005 21:02:01 +0000

I wonder if a company that was just about to do a going private split, put it on hold for up to a year,
and shake out the Arb’s (us)?

By: George

George — Fri, 30 Sep 2005 12:43:42 +0000

Mat -

Thanks for the update on Harvey Electronics. I didn’t expect to see any canceled deals so soon after the SEC extension for Sarbanes-Oxley compliance.

By: Mat

Mat — Wed, 28 Sep 2005 19:29:36 +0000

Harvey Electronics

HRVE – announced that it has withdrawn its recent filing on Schedule 13E-3 and related plans to implement a one-for-ten reverse stock split …

The Company has decided to terminate the Transaction as a result of the SEC’s recent announcement that it has deferred for one year the need to comply with internal control reports required under Section 404 of the Sarbanes-Oxley Act…

http://biz.yahoo.com/pz/050928/86943.html

By: September 27th Financial Carnival - Fat Pitch Financials

September 27th Financial Carnival - Fat Pitch Financials — Wed, 28 Sep 2005 03:25:39 +0000

[...] AnyLetter picked up the slack amidst this confusion and hosted the Carnival of the Capitalists this week. Andrew Hughes did a great job pulling this together at the last minute. My recent article regarding an extension for Sarbanes-Oxley compliance for small corporations was included in AnyLetter’s post. [...]

By: Stuart Williams

Stuart Williams — Tue, 27 Sep 2005 11:50:27 +0000

These deals have been around since the 1930s and maybe before that. The spread is a lot nicer right now, but going privates have been around for a long time.

Stuart

By: George

George — Sun, 25 Sep 2005 12:12:38 +0000

I don’t think that this vote will make many companies that have already filed a preliminary proxy not proceed with going private. However, it could affect a few of them that are borderline, so it is definitely worth watching.

This development could also potentially cause some companies that have not begun the process of going private, but are considering going private, to put off their decision until next year now that they have more time. This could be a positive development for investors in these deals, since it may extend the amount of time that these deals are available.

By: TT

TT — Sun, 25 Sep 2005 10:40:14 +0000

For those companies that have already filed a prelim proxy, do you think that this vote may make them not proceed?

Or is this development likely to mostly effect those companies that have not begun the process.

Your opinion?