Archive for the 'Financial Services' Category

By Glover Paul

Right about the time when we’re ready (or we think that we’re ready) to renovate our living space, we do one of two things. One, we get a little wild and crazy with ideas about our property without knowing if our dreams are realistic. Or two, we don’t fully realize the potential of our living space and thus don’t work to improve it to its fullest.

There is a medium that can help us keep our feet on the ground and improve our value of our property at the same time – and that’s a little thing called, ‘help.’

Face the Reality of Home Improvement

Although you might feel quite confident and capable of re-tiling your Basement floor or putting on a new roof, chances are that you simply don’t have the time to do so. Between working, grocery shopping, socializing with friends and picking up/dropping off the kids from school and their own activities, it’s a bit unrealistic to believe that you’ll have time (or the energy) to finish a major home improvement project like this – if you even get started at all!

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A quality project simply can’t be squeezed into a weekend project. Unexpected problems erupt causing delays that you hadn’t planned for. The price of materials might have raised since you last researched them. And unless you’re acutely aware of the new tools being manufactured, you might not be able to finish a project from a basic lack of ‘how-to’ knowledge.

These are just some of the problems that the nonprofessional renovator can face. So once again, you’re faced with another two-sided choice. One, you can quit your job, get a certificate in construction, and finally start your project. Or two, you can hire someone else to do it.

Most of us opt for reality number two.

Face the Reality of Your Dreams

Are your home improvement ideas realistic? Are they even legal? And do you know where to go to find out? A professional contractor can help you determine if your ideas are indeed possible and if they’re workable within the laws of your community.

Having tons of experience in the area, your contractor can take your idea and mold it into a roof, porch, garage, or landscape design that accommodates your dreams, your lifestyle, and the city ordinances within your neighborhood.

He or she will offer alternative solutions in the event that an original idea isn’t quite right. Your contractor can develop a more appropriate course of action should your home improvement project need to be completed within a specific time frame. Your home improvement specialist can explain tools, materials, and methods that will facilitate the entire process and educate you about your project at the same time. That way you if you have another home improvement project in mind, you can use this knowledge to continuously create realistic and workable plans.

There really is just too much about home improvement for the beginner or amateur to attempt alone. And the consequences of not getting the assistance you need could be detrimental. Play it safe and call a pro. A little reality goes a long way!

About the Author: Paul White represents

FloridaHomeBuild.com

. A site designed to help home owners from Florida locate local home contractors with their home improvement projects. Visit Our Site :

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By Joseph Quinones

Over the course of history there have been events and legislation that has transformed the financial markets, our economy and the way we conduct business , such as the legislation that form the Securities and Exchange Commission, the Internet has also has transformed the way we do business and communicate.

Sarbanes-Oxley falls into that categories, this piece of legislation named after Senator Paul Sarbanes (D) MD and Representative Michael Oxley ( R) Ohio was passed in response to the Enron and Worldcom scandal.

When legislators in Washington are confronted by a problem they also rush to come up with some type of legislation to give the appearance that they are doing something about the problem, and we the electorate have become accustomed to having Washington solve all of our problems.

But Washingtons solution to one problem is the beginning of another one and often times a bigger one.

Sarbanes-Oxley is making it extremely expensive for small and mid-size company to be able to afford the cost of an audits, the requirement of Sarbanes-Oxley has almost double the cost audits.

And compliance with other requirement of Sarbanes-Oxley is also eating away at the bottom line, one company that chose to leave the American exchange for the pink sheets is Ziegler Cos. 103 year old investment banking firm based in Milwaukee.

John J. Mulherin CEO of Ziegler Cos. Says Sarbanes-Oxley rules would have cost the company 10-15% of its bottom line in the first year alone.

Many small and mid-size companies would prefer to put these resources in to expansion and product development, and that is why many are choosing to go public in the pink sheets.

The small companies our the backbone of our nation not the big bloated Fortune 500 companies which have lost over 20 million jobs over the last 10 years, while small companies have created 15 million new jobs over the same time period.

But unfortunately the big companies have all the influence in Washington, with politicians of both parties dependent on them for campaign contributions.

With banks refusing to lend money to small companies and the Small Business administration being a joke, the only way for small companies to gain access to the capital markets is to go public.

So the pink sheets have become a viable option for many small companies to go public, Pink Sheet listed companies are not required to have audited financial statement. They must disclose financial information that is accurate but it can be prepare by the companys accountants.

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These securities are traded on an unsolicited basis, which means that the NASD has not cleared a market maker to enter a quote in the security pursuant to SEC Rule 15c211. Instead a broker is relying on an exemption to the rule in order to display a quotation representing customer order.

The broker must ascertain that the issuer has made adequate current information available on the Pink Sheet website. The disclosure policy has been a good attempt at creating transparency of basic information that investors trading in public markets deserve.

But the pink sheets are not stopping here they are planning on having different tiers. The pink Sheet is planning to charge companies a flat fee for corporations to get a templates for financial information, and will be able to use the website to post media releases and hold question and answer sessions as well other service. This will help raise the companies into one of the new tier.

The top tier will be “Premier QX” which will be compose of companies large enough to be listed on a major exchange, with audited financial statements, annual shareholders meetings and share price of at least $1.

A second tier will be made up of companies will be smaller issuers with audited financial reports. The final tier will be made up of small companies with information prepared by person with sufficient financial skills and complying with guidelines that the Pink Sheets will be mailing to issuers.

Another reason for listing on the Pink sheets is the cost of a public Shell, a Pink Sheet shell sells for half the price of a bulletin board shell, and sellers are more willing to sell all the shares they control.

By buying entire amount of the share controlled by shell owner you remove the probability of having to purchase those shares later at a higher price on the public market.

While Sarbanes-Oxley has created problem it has also created opportunities, and as long as we continue to exercise our God given creative genius no congress in the universe can stop our enterprising spirits from finding solutions to our problem.

While many in the past may have lost money in the Pink Sheets with its lack of financial disclosure, the amounts are small in comparison to the amounts lost in Enron, Worldcom and Global Crossing. All which were Exchange listed companies.

Among the companies currently listed on the Pink Sheets are Swiss chocolate maker Nestles, ARC Energy, TransForce and Vermillion as well as Volkswagon, plus many banks and insurance companies.

So dont be afraid of having your company listed on the Pink Sheets the company isnt so bad and its getting better as the new head of the pink sheets continues his trek to respectability. Over the course of history there have been events and legislation that has transformed the financial markets, our economy and the way we conduct business , such as the legislation that form the Securities and Exchange Commission, the Internet has also has transformed the way we do business and communicate.

Sarbanes-Oxley falls into that categories, this piece of legislation named after Senator Paul Sarbanes (D) MD and Representative Michael Oxley ( R) Ohio was passed in response to the Enron and Worldcom scandal.

When legislators in Washington are confronted by a problem they also rush to come up with some type of legislation to give the appearance that they are doing something about the problem, and we the electorate have become accustomed to having Washington solve all of our problems.

But Washingtons solution to one problem is the beginning of another one and often times a bigger one.

Sarbanes-Oxley is making it extremely expensive for small and mid-size company to be able to afford the cost of an audits, the requirement of Sarbanes-Oxley has almost double the cost audits.

And compliance with other requirement of Sarbanes-Oxley is also eating away at the bottom line, one company that chose to leave the American exchange for the pink sheets is Ziegler Cos. 103 year old investment banking firm based in Milwaukee.

John J. Mulherin CEO of Ziegler Cos. Says Sarbanes-Oxley rules would have cost the company 10-15% of its bottom line in the first year alone.

Many small and mid-size companies would prefer to put these resources in to expansion and product development, and that is why many are choosing to go public in the pink sheets.

The small companies our the backbone of our nation not the big bloated Fortune 500 companies which have lost over 20 million jobs over the last 10 years, while small companies have created 15 million new jobs over the same time period.

But unfortunately the big companies have all the influence in Washington, with politicians of both parties dependent on them for campaign contributions.

With banks refusing to lend money to small companies and the Small Business administration being a joke, the only way for small companies to gain access to the capital markets is to go public.

So the pink sheets have become a viable option for many small companies to go public, Pink Sheet listed companies are not required to have audited financial statement. They must disclose financial information that is accurate but it can be prepare by the companys accountants.

These securities are traded on an unsolicited basis, which means that the NASD has not cleared a market maker to enter a quote in the security pursuant to SEC Rule 15c211. Instead a broker is relying on an exemption to the rule in order to display a quotation representing customer order.

The broker must ascertain that the issuer has made adequate current information available on the Pink Sheet website. The disclosure policy has been a good attempt at creating transparency of basic information that investors trading in public markets deserve.

But the pink sheets are not stopping here they are planning on having different tiers. The pink Sheet is planning to charge companies a flat fee for corporations to get a templates for financial information, and will be able to use the website to post media releases and hold question and answer sessions as well other service. This will help raise the companies into one of the new tier.

The top tier will be “Premier QX” which will be compose of companies large enough to be listed on a major exchange, with audited financial statements, annual shareholders meetings and share price of at least $1.

A second tier will be made up of companies will be smaller issuers with audited financial reports. The final tier will be made up of small companies with information prepared by person with sufficient financial skills and complying with guidelines that the Pink Sheets will be mailing to issuers.

Another reason for listing on the Pink sheets is the cost of a public Shell, a Pink Sheet shell sells for half the price of a bulletin board shell, and sellers are more willing to sell all the shares they control.

By buying entire amount of the share controlled by shell owner you remove the probability of having to purchase those shares later at a higher price on the public market.

While Sarbanes-Oxley has created problem it has also created opportunities, and as long as we continue to exercise our God given creative genius no congress in the universe can stop our enterprising spirits from finding solutions to our problem.

While many in the past may have lost money in the Pink Sheets with its lack of financial disclosure, the amounts are small in comparison to the amounts lost in Enron, Worldcom and Global Crossing. All which were Exchange listed companies.

Among the companies currently listed on the Pink Sheets are Swiss chocolate maker Nestles, ARC Energy, TransForce and Vermillion as well as Volkswagon, plus many banks and insurance companies.

So dont be afraid of having your company listed on the Pink Sheets the company isnt so bad and its getting better as the new head of the pink sheets continues his trek to respectability.

About the Author: Joseph Quinones, President of Genesis Corporate Advisors has spent over 25 years in the securities industry. In 1992 he founded JDQ Financial Group, Inc. and proceeded to build it up from a one Man operation to the point where it employed many traders, advised numerous client, and generated millions in revenues.

genesiscorporateadvisors.com

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