Sons And Daughters Of BBCMF , New IPO Offerings_Company Tender Share Offerings_Shell Companies

[mick]

Tuesday, April 22, 2008
> Intrepid Potash IPO has sweet smell of success
> Intrepid Potash is the hottest kid on the block
+59% Intrepid Potash IPI
largest producer of potash in US
. $32, above initial $24-26 range
. 30mm shares up from initial 24mm
. $960mm IPO
. Pre-IPO grade score: C+, 8

Trading Wednesday, April 23, 2208
> American Water Works IPO raises less than expected
-4% American Water Works AWK
largest private water utility in US
. $21.50 below initial $24-26 range
. 58mm shares, down from expected 64mm
. $1.25bb IPO
. Pre-IPO grade score: C+, 6

EDITORIAL
> Most professional money managers who manage other people’s money simply will not even consider buying a small OTCBB or pink sheet company that is not NASDAQ & Sarbanes-Oxley compliant, and most are not

> The intent of Sarbanes-Oxley & NASDAQ corporate governance compliance is to minimize Enron-type situations where shareholders are harmed

> NASDAQ corporate governance requirements address:
. Independent Directors, Audit Committees
. Conflicts of Interest, Code of Conduct
. Shareholder Approval, Shareholder Meetings
. Stockholder Voting Rights, Quorum
. Solicitation of Proxies, Distribution of Annual and Interim Reports

> Sarbanes-Oxley violations & penalties include
. Improperly constituted board of directors -- nullifies prior board decisions
. Improperly certified 10K’s and 10Q’s, especially with regard to financial control assertions, loans to officers & directors and other assertions
. S-O violations can and do result in actual prison terms & fines.



http://www.gaskinsco.com/