What happens when, in the early, uncertain days of a burgeoning global pandemic, you tell investors that you have recurring orders for millions of rapid test kits for $35 million a week for the next six months? Well, your stock price surges, of course. But what if, before you made that announcement, you had reason to believe that you couldn’t actually obtain the tests after all? Well, then the SEC halts trading of your stock due to “questions and concerns regarding the adequacy and of publicly available information” about your company. And it only goes downhill from there. SCWorx Corporation… Read more
Tag: SEC
SEC Proposes Climate Change Disclosure Rules
On March 21, 2022, the Securities and Exchange Commission (“SEC”) proposed rules that would require public companies to disclose extensive, climate-related information in their SEC filings. The proposed rules would require companies to disclose climate-related risks that are reasonably likely to have a material impact on a public company’s business, results of operations, or financial condition. In addition, companies would be required to report greenhouse gas emissions in a statement prepared by a certified, greenhouse gas attestation provider. The proposed rule is open for comment through at least May 21, 2022, and it is anticipated that significant comments will delay… Read more
Bitcoins and Cryptocurrencies
How do I buy and sell Bitcoins? Bitcoin hit an all-time high price of $17,801.94 on December 15, 2017, with many analysts predicting even higher prices. Where does one acquire Bitcoin? Bitcoins transactions can be done in many familiar ways. There are brick and mortar ATM’s in several countries (coinatmradar.com) where one can deposit currency and purchase Bitcoin. Some also allow selling of Bitcoin, but many do not. There are several Bitcoin ATMs in New York City, and Tel Aviv also has a few. The Bitcoin ATM (aka The Bitcoin Embassy) located across the street from the Tel Aviv Stock Exchange… Read more