NEW YORK, Oct. 5, 2006 (PRIMEZONE) -- Gregory Sichenzia, founding member of Sichenzia Ross Friedman Ference LLP (SRFF), will present and moderate a panel discussion on "Considerations for Micro-Cap Companies" on November 7 at the 2006 PIPEs Conference in New York. This panel will assess the current state of the regulatory environment for micro-cap issuers and include discussion of key issues and developments in the PIPEs industry.
Mr. Sichenzia will provide an overview of current industry trends and statistics and analyze the impact of the SEC's evolving position on the use of resale registration statements in connection with PIPE financing (Rule 415).
"Recent regulatory movement has signaled that the SEC is considering classifying many secondary offerings as primary offerings," explains Sichenzia. "Approximately 55 percent of the companies utilizing PIPE financing have a market capitalization of under $55 million. It is these companies that will be hurt by this change; many of them will be left without financing options and will simply be forced out of business."
In addition to a discussion about the potential changes to Rule 415, Mr. Sichenzia and the panel will address hot-button topics including:
-- Current SEC regulatory issues affecting small public companies'
ability to secure financing in the current economic climate.
-- How will funds be affected by new regulatory enforcement?
-- How EITF-0019 will affect micro-cap companies and what are the
solutions to this accounting issue?
As a founding member of Sichenzia Ross Friedman Ference LLP, Mr. Sichenzia counsels public and private companies in all securities laws matters, from complex financing transactions and listings on various stock exchanges to everyday regulatory and compliance requirements. As a renowned securities attorney, he has structured innovative merger and acquisition transactions, represented companies and investment banks in initial public offerings of securities, private equity financing transactions (PIPEs), and the resulting resale registration statements associated with these financings. Under Sichenzia's stewardship, SRFF has risen to become the number one PIPE law firm in the United States.
For more information on the firm, visit www.srff.com. For interview requests, contact Avalanche Strategic Communications at 201-488-0049.