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Pls share, where so you think this is going? I did receive an email response from AIA stating they were working hard and much good was possible here . The fact that I received a response wasa very positive - most other pinksheet companies I have contacted do not respond . Pls do share your ides on were AIA will go. . Is a reverse merger still a possibility down the road?
Holding, adding, waiting , there's lots to come here! Most people involved in this won't read, or post on IHUB, this is not a one day flip stock now that it's owned by GATE US. Happy to wait this one out. GLTA, getting in before the news, hype, etc. when no one is looking is the smart move.
8 bagger is more realistic, other oil stock on another exchange.
but no reason this can't hit 40 cents this year. the potential here is huge. GLTA great time to grab shares.
Good story.... and check out controlling companies website:
http://www.gateus.com/
real deal...Big players changing Growing Secondary Market>>>
Angels in Action Announces GATE Technologies Acquires Controlling Interest
Extends Its Offerings Into Micro-Finance
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updated 3/23/2011 5:59:00 PM ET 2011-03-23T21:59:00
Share Print Font: +-NEW YORK, NY — GATE Technologies announced today that it has acquired a controlling interest in Angels in Action ("AIA"), a peer-to-peer, micro-finance platform serving US-based entrepreneurs. The transaction will enhance the offerings of GATE Global Impact, a GATE subsidiary focused on Impact investing.
Entrepreneurs currently use AIA's platform to fund business projects when access to the traditional banking system is not available. Individual lenders can help fund AIA projects, putting forward as little as $10 at a time.
Once AIA is integrated into GATE Global Impact's trading platform, known as GATEway, companies will have the opportunity to grow beyond their initial funding stages while maintaining their social mission. As such, GATE's acquisition enables entrepreneurs to access leading Impact investors.
"There is a strong desire for Americans to assist entrepreneurs in creating their American dream," said Stephen Bonenberger, founder and CEO of AIA. "By partnering with GATE, AIA will play its part in helping rebuild the financial infrastructure needed to ensure the US continues to lead the world with a great, vibrant economy."
Bonenberger added, "There is clearly a new customer demographic in the marketplace. Purchasing methods and tools have evolved. By integrating AIA's platform with GATEway, we will ultimately facilitate Impact investing and micro-finance in the US market. In addition, we aim to redefine the boundaries of community banking."
"We are proud to extend our platform in the emerging U.S. micro-finance sector and connect with a historically overlooked demographic that has proven profitable globally," said William Davis, President of GATE Global Impact.
Terms of the transaction were not disclosed.
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.About GATE Technologies LLC
GATE Technologies is an innovative financial technology company creating new market infrastructure for bringing efficiency and transparency to the unstructured global alternative asset markets. The company offers fully automated, customizable solutions for qualified investors with value-added content and analytics, transparent execution, and dematerialized settlement, clearing, and depository functions. GATE Developing Markets will work together to create the first global common infrastructure for illiquid securities, with a goal of enabling all market participants. www.gatetechnologies.com
About GATE Global Impact, LLC
GATE Global Impact, LLC is the Impact investing-focused subsidiary of GATE Technologies, LLC. Launched in 2011, GATE Impact provides market infrastructure and related services for the emerging Impact investment and banking industries -- public and private investments with a sustainable social and/or environmental component that also generate a healthy rate of financial return. www.gateimpact.com
About Angels in Action
Angels in Action is the micro-finance division of Angel Acquisition Corporation, a publicly traded company which trades on the bulletin board under the symbol AGEL.OB. AIA finances small- and medium-sized companies that comply with specific financial criteria and value-based principles. AIA serves the entrepreneur who has been neglected by traditional financing by providing financing and advisory services, moving from idea to operation.www.angelsinaction.tv
Rates are low but actually getting a loan is more difficult than it has been in 20years. Any type of loan.
Check out AGEL, It will be a game changer for microfinance and private share trading. Read the yellow box. Worth doing some DD 10K coming this week. possible RM
Make your $ back while waiting for this.
APCX's soccer app is now available. Their game is not over yet!
GO APCX.
I see a few posters here who spend alot of time beating this down.
HMMMMM?
No worries , this will wakeup at some point, drilling inland is too big now, SIOR possibly next SSN type run.
Agree, DD post for all those reading this board.
SEC news is huge.
cnn
SEC may ease private stock rules
http://money.cnn.com/2011/04/08/technology/SEC_shareholder_limit/?section=money_latest
The customer base will increase 4fold for GATE/ AGEL when the number of private shareholders is changed.
Exciting to be part of this deal, Microfinance is socially responsible investing, and Gate (AGEL) will be huge in the US , the FACEBOOKs and TWITTERS can stop looking overseas to get private funding.
AGEL 10K out by friday will full plan , a company like Gate US doesn't buy AGEL without plans that will push the much PPS higher.
and if part of this plan is a reverse merger, the will skyrocket.
The microfinance arm of angel is a smart business plan, it is EXTREMLY HARD for small business owners to go get financing from traditional banks with the current lending environment.
There is a huge need to connect Private investors with small businesses, and now it will be done with an online platform.
Yes a reverse merger in the 10K would take who knows where. Maybe a run like LFZA , DETQ , or VOXR. If not , GATE now holding controlling interest will atleast run the PPS like A##X, but it will hold , there is no Virtual marketing and media admin being paid here. There are obviously big plans here with serious players.
The sudden and sustained volume right after the announcement of Gates controlling interest is what got my attention for AGEL.
The 10K will tell all. GLTA
To connect the SEC news back to AGEL, GATES,
The following letter was sent on January 11th, 2011 to the Securities and Exchange Commission advocating a revision in the number of shareholders of record a private company can have before registration. In the letter, GATE CEO Vince Molinari lays out the case for increasing the 500 investor cap – which has not changed since 1964. As a thought leader committed to the expansion of electronic trading of illiquid assets, Mr. Molinari hopes to proactively engage regulators on this very important issue on entrepreneurial capital formation and begin a discussion that leads to appropriate reform.
Proposal to Amend the 500 Shareholder Limit for Private CompaniesGATE Technologies, LLC and its broker-dealer subsidiary, GATE US, LLC (collectively “GATE”) write this letter to encourage the Securities and Exchange Commission (the “SEC” or the “Commission”) to amend the shareholder threshold under Section 12(g) of the Exchange Act of 1934 (the “Exchange Act”) of 500 security holders. We offer the following comments in the hope of promoting a solution that will best serve the capital formation process, promote economic expansion and job creation.
I. Background
Section 12(g) dictates the circumstances under which an issuer must register as a public company with the SEC and comply with the Commission’s periodic reporting requirements. This section requires registration if a company has more than $10 million in assets and more than 500 shareholders of record (the “500 Shareholder Limit”). While the asset size parameter under Section 12(g) has been increased from the initial $1 million level set in 1964 to $10 million in 1996, the 500 Shareholder Limit has not been revised since 1964. In the four decades since the 500 Shareholder Limit was adopted, the number of private companies and the number of investors in the markets has grown dramatically.
This trend is now testing the 500 Shareholder Limit due to the rise of trading in the secondary private equity market. Private companies, even if not at a stage in their growth cycle that necessitates public market financing, are facing the challenge of raising capital while complying with the 500 Shareholder Limit or facing the costs and burdens of going public. In some cases, it appears private companies have attempted to limit the growth of their investor base by charging substantial fees to discourage the transfer of shares. An unintended consequence of this problem is a disproportionate burden on small shareholders who may seek liquidity.
Creative investment firms have launched special-purpose investment vehicles to consolidate multiple potential investors into one shareholder of record, thus exposing issuers to the risk of a forced public offering if the SEC deems the investors in the vehicles to be shareholders of record of the company. Regardless of how these special purpose entities are treated from a regulatory perspective, there is a clear demand for private equity from a large and diverse group of accredited and institutional investors. We believe this demand will result in a greater number of private companies being challenged to raise growth capital while not violating the 500 Shareholder Limit.
Since the limit was adopted, major technological advances have allowed companies to experience rapid growth, allowed investors to find and research private investment opportunities, and given regulators the ability to more closely monitor private market transactions. These changes have prompted many interested parties to raise the following question: As the private equity market evolves and centralized marketplaces offer more transparency, should the 500 Shareholder Limit be raised to allow private companies greater access to capital, while employing a reporting model to which institutional and accredited investors are accustomed? GATE believes that the answer to this question should be in the affirmative.
II. Amending the Shareholder Threshold is Required to Promote Economic Growth
Private companies are critical to the U.S. economy and their ability to access capital is an important driver for growth, job creation and government tax revenues. However, the high costs of regulatory compliance associated with the Sarbanes-Oxley Act of 2002 (“Sarbanes-Oxley”) are limiting the ability and benefits to smaller private companies of going public. These smaller companies are seeking new methods of capital formation, and looking increasingly to private market funding alternatives, while the public market’s appetite for new listings has waned. Initial public offerings (“IPOs”) have decreased significantly while average deal sizes have increased which may indicate that smaller companies appear to face increasing challenges in going public. For example:
•IPOs raising less than $50 million have dropped from approximately 80% of offerings in the 1990s to approximately 20% of offerings since 2000 ; and
•The 1990s saw more than 500 IPOs annually on average (during and before the internet bubble), while 2008, 2009, and 2010 combined have seen a total of 248 IPOs.
Mitigating against the above trends, new trading platforms, such as the one operated by GATE, offer small private companies and investors an increasingly transparent model to access capital. As these platforms become more broadly accepted, they will also become increasingly robust and transparent through technological advances.
Recently, the spotlight has fallen on the private equity market due to investor demand for private companies such as Facebook, Zynga, and Twitter which operate in the public sphere due to their size and commercial presence. Smaller private companies, however, are looking to emulate the private financing model employed by these companies while attempting to manage the growth of their investor base to comply with the 500 Shareholder Limit. When the 500 Shareholder Limit was established in 1964, the Commission could not have anticipated the technological changes that have transpired since that time. These advances not only allow small companies to grow rapidly, but also bring more transparency and confidence to the financial markets.
It can be argued that the rise of secondary private equity trading, driven by new bulletin boards and platforms that allow accredited investors and institutions to buy and sell private equity, has opened the private market to a wider potential investor base than was imagined when the 500 Shareholder Limit was adopted. The result is a significant, unforeseen shift in the private equity landscape that has produced:
•Easier access to high-growth investments for smaller investors;
•Increased challenges for private companies to maintain a shareholder base of fewer than 500 owners, regardless of the desire or need to go public; and
•Private equity valuations that are driven by real transactions in the secondary market.
We believe that the evolution of the private equity market is unlikely to stop and more issuers will inevitably be impaired in their ability to raise capital in compliance with the 500 Shareholder Limit. Historically, the U.S. economy has relied on small, private businesses to drive innovation, growth and job creation. In an increasingly competitive global economy, following the most severe economic decline since the Great Depression, the substantial burdens created by the costs of going public under Sarbanes-Oxley are exacerbated by the outdated 500 Shareholder Limit.
In addition, opaque trading practices that necessitated the adoption of the 500 Shareholder Limit in 1964 have been addressed by innovative trading platforms such as the one developed by GATE, that provide the necessary level of transparency for a competitive private equity market. Finally, technological advances have resulted in a much higher level of regulatory supervision of private markets than was possible in 1964.
III. Conclusion
GATE believes that while the 500 Shareholder Limit played an important role in preserving the integrity of the financial markets, the rule would benefit from review and should be amended to reflect the dramatic growth in the number of private companies and the number of investors in such companies since the rule was established. Amending the 500 Shareholder Limit is now possible in light of the development of new, technology-driven trading platforms. These platforms provide a suitable level of transparency for sophisticated investors and the SEC.
We encourage the SEC to address this issue as promptly as possible in order to spur the capital formation process and the growth of small private companies. We hope that you, the Commission and the staff find these comments useful and productive toward the review of the 500 Shareholder Limit. As the operator of a trading platform designed to address some of the issues facing small private companies outlined above, we would welcome the opportunity to open a dialogue with the SEC to address how the 500 Shareholder Limit may potentially be amended and enhanced.
Very truly yours,
Vincent R. Molinari
Chief Executive Officer
AGEL has moved way up to 17th most read board. People are reading this and the SEC news is huge.
The ones are gone now and volume will be huge monday.
cnn
SEC may ease private stock rules
http://money.cnn.com/2011/04/08/technology/SEC_shareholder_limit/?section=money_latest
The customer base will increase 4fold for GATE/ AGEL when the number of private shareholders is changed.
Exciting to be part of this deal, Microfinance is socially responsible investing, and Gate (AGEL) will be huge in the US , the FACEBOOKs and TWITTERS can stop looking overseas to get private funding.
GO AGEL, 10K by friday.
I'm posting this message again so all can review it's significance this weekend.
Has anyone noticed the importance of this story in the WJS There is a link on the home page of IHUB.
U.S. Eyes New Stock Rules
Regulators Move Toward Relaxing Limits on Shareholders in Private Companies.
If this goes through, demand for private share trading will skyrocket, boom, for GATE and AGEL.
http://online.wsj.com/article/SB10001424052748704630004576249182275134552.html#articleTabs%3Darticle
The article mentions private companies could increase their # of shareholders from 499 to 2000. Private companies have been going overseas to get private funding due to limitations in US. this move will QUADRUPLE the # of shareholders per private company..another QUADRUPLE THE CUSTOMER BASE FOR GATE/ "AGEL"
let 's hear some thoughts on this.
Without this, AGEL being now owned by GATE is a no brainer .
Come on 10K
Has anyone noticed the importance of this story in the WJS There is a link on the home page of IHUB.
U.S. Eyes New Stock Rules
Regulators Move Toward Relaxing Limits on Shareholders in Private Companies.
If this goes through, demand for private share trading will skyrocket, boom, for GATE and AGEL.
http://online.wsj.com/article/SB10001424052748704630004576249182275134552.html#articleTabs%3Darticle
The article mentions private companies could increase their # of shareholders from 499 to 2000. Private companies have been going overseas to get private funding.
let 's hear some thoughts on this.