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Fat Pitch Financials

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Archive for the 'Going Private Transactions' Category

New Contributors’ Corner Access Terms

Jan 4th, 2006 @ 11:46 PM

As promised, I have revised the terms for gaining access to Contributor’s Corner. Contributions of $90 will gain you one year of access to Contributor’s Corner and $10 contributions will gain you a month of access.
Members of Contributor’s Corner can extend their access by one week for being the first to post news regarding […]

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FragranceNet.com Performance

Dec 29th, 2005 @ 6:32 PM

On Tuesday, I mentioned that the shares of FragranceNet.com (FGNT) in Fat Pitch Financials’ real money portfolio (my son’s Coverdell ESA) were cashed out for a total of $484.03. Today, I want to take a few minutes to review the performance of this investment.
I purchased the 499 shares of FragranceNet.com all the way back […]

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FragranceNet.com Shares All Cashed Out Now

Dec 27th, 2005 @ 11:51 PM

I got some great news when I got back into town today. I discovered that the shares of FragranceNet.com (FGNT) in my BrownCo account and my son’s Coverdell Education Savings Account have been cashed out.
Let me first start with an update regarding the partial cash out of the FragranceNet.com shares in my BrownCo account. […]

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FragranceNet.com Cashout Details

Dec 22nd, 2005 @ 11:13 PM

I did a bit more research on the bizarre partial cashout of the FragranceNet.com (FGNT) shares that occurred in my BrownCo account. Yesterday, I received a reply to my email to BrownCo concerning the problem associated with the 124 shares that were not cashed out of my account that I detailed here on Tuesday. […]

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BrownCo Partial Cash Out of Fragrancenet.com

Dec 20th, 2005 @ 11:37 PM

I was very excited to hear that cash was finally being delivered to brokerage accounts for FragranceNet.com (FGNT). You’ve probably forgotten all about that transaction that went to completion this past summer, unless you also owned that stock. I had a funny feeling by the end of the summer that I wouldn’t see […]

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Firstrade Responds to Refocus Group Error

Dec 20th, 2005 @ 11:16 PM

Going private transactions can often result in some complicated bookkeeping for online brokers. As you might recall, on December 5th I made two new purchases for my son’s Coverdell Education Savings Account. One of these purchases was for Refocus Group (RFCS). A few days later, Refocus Group made their reverse split and […]

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Committee Recommends Easing Regulatory Requirements on Small Businesses

Dec 20th, 2005 @ 6:30 AM

Last week I mentioned that there was going to be a SEC Advisory Committee on Smaller Public Companies meeting to discuss Sarbanes Oxley regulations on small businesses. According to CFO.com:
The advisory committee voted 18 to 1 that most companies with a market capitalization below $700 million be excused from assessing their internal controls […]

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Phases of Going Private Transactions

Dec 15th, 2005 @ 11:53 PM

I have recently received some questions about how I categorize going private transactions. Over time I have developed a list of categories for the general phases that occurs when a company goes private. I spent some time today refining these phases and defining them. My revised list of going private phases include:

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SEC Public Meeting on Changes to Sarbanes-Oxley Rules for Small Companies

Dec 12th, 2005 @ 10:36 PM

I just noticed today in Barron’s that the SEC is having a public meeting this Wednesday regarding potential changes to Sarbanes-Oxley rules for small companies. I’m sorry about the last minute notice. I would really like to go to this meeting in Washington, DC, but I have a mandatory meeting in my office […]

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BusinessWeek Discusses Companies Going Private

Dec 6th, 2005 @ 11:57 PM

I just ran across an article in BusinessWeek regarding companies going private. In “The SOX Appeal of Going Private” (yikes that is a bad title), Matt Morrow discusses the impact of Sarbanes-Oxley on small businesses. He notes that analysts from Standard & Poor’s believe that Sarbanes-Oxley (SOX) is a relatively minor factor […]

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