Mina Mar Group / Miro Zecevic Helping OTC Listed Companies To Overcome Corona Crisis

Mina Mar Group with the bridge finance assists pubcos to get current with their reporting obligations be it full SEC reporting or OTC alternative reporting.

LANTANA, FLORIDA, UNITED STATES, April 3, 2020 /EINPresswire.com/ — Mina Mar Group, CEO Miro Zecevic said “we are pleased to announce the launch of the financing “bridge finance option” project for all OTC Markets listed companies effected by the Corona virus crisis”.

Mina Mar Group (MMG) in the bridge finance option assists publicly listed companies to get current with their reporting obligations be it full SEC reporting or OTC alternative reporting. MMG will finance OTC companies in order to pay their service providers and other regulatory obligations. This cash injection will help issuers to get over the hump. MMG, in turn, will take preferred shares (which typically do not trade and serve as the control block of the issuer) as security with a fixed repayment schedule. MMG sees this action where everyone benefits, from the service providers, the company and shareholders alike. It is a win-win solution all around. MMG in business for over 15 years servicing OTC and NASDAQ issuers has been assisting companies around the globe to overcome internal issues and crises. MMG’s M&A division offers full-scale MA services from mergers corporate governance compliance and all matters affecting small-cap issuers.

In order to find out more details, please email MMG at corporate@minamargroup.com or visit our web site at www.minamargroup.com for a full view of all products and services we offer.

ABOUT Mina Mar Group:

MMG Since 2005 has been assisting publicly traded companies create a win-win relationship with their shareholders and followers. MMG specialize or focus on small-cap both reporting and non-reporting companies. In addition to RTO we do corporate turn around and offer a full range of boutique private placement financing. Our unique methodology enables us to provide end-to-end IPO services with minimal upfront fees. If you would like to go public you will be guided by our team of experienced professionals every step of the way.

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What are the benefits of being Foreign Private Issuer?

Many foreign companies wish to have access to capital market an become publicly traded company in the United States. The reason is that being part of the largest and most liquid capital market bring many benefits including prestige, visibility, ability to attract and retain top talents, etc. To become a part of capital market in the United States and experience all the benefits that it carries, foreign company may undergo reorganization of corporate governance and operations. Foreign issuer in federal securities law is defined as foreign government, foreign national or corporation incorporated by any foreign country. Any foreign issuer (except foreign government) can be considered foreign private issuer except if more than 50% of the issuers outstanding voting securities are held by residents of United States and if any of the following applies: majority of issuer’s executives and directors are residents of United States, more than 50% of issuer’s assets is located in the United States or the issuer’s business in administered principally in the United States.
When it comes to requirements for foreign private issuer status SEC doesn’t have strict rules. For example Commission will allow issuer to choose one of two methods for calculating number of record ownership meaning that they must apply chosen methodology on consistent basis. Same goes when evaluating holder’s U.S. residency or determining whether majority of issuer’s assets is in the United States. To decide whether business is administered principally in the United States foreign issuer must assess the location from which its executives and directors mostly direct and coordinate its activities.
Compared to U.S domestic issuers foreign private issuers receive certain regulatory concessions:
FPIs must file annual report on Form 20 F within four months after the end of fiscal year compared to 60-90 days requirement for domestic issuers
Foreign private issuers are not required to file or make public quarterly financial information, unless they have class of shares listed on NYSE. In that case they must submit semi-annual unaudited financial statement on Form 6-K.
Foreign private issuers are not required to file proxy solicitation material in connection with annual or any other special meeting
Both foreign private and domestic issuers must annually assess their internal control over financial reporting and in many cases providing independent auditor for such control. FPIs are not obliged to assess changes in their internal control over financial reporting quarterly like domestic issuers.
Foreign private issuers are exempt from detailed disclosure requirement regarding individual executive compensation.
Directors and officers of an FPI don’t have to report their equity holdings and transactions.
Financial statement can be prepared in accordance with International Financial Reporting Standards.
Certain issuers that are registering for the first time with SEC may submit their registration statement on a confidential basis.
If the foreign private issuer satisfies certain conditions it can be automatically exempt from Exchange Act reporting obligations.
FPI may terminate its registrations of equity securities under Exchange Act and cease filing reports with SEC in certain conditions.
The SEC provides exemptions to independence requirement for audit committee in case of FPIs.

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What are pros and cons of going public?

Many companies will consider going public as a next step in their development. While going public offer number of benefits to a business it can be tricky if you haven’t carefully weighted advantages and disadvantages before you started process of going public. Going public is probably the most crucial decision for a company because it will not only affect your financing but also other aspects of your business. Companies that want to go public mostly engage in initial public offering (IPO) process but there are other alternatives for company to go public and trade their share on exchange e.g. reverse takeover. Going public offers many benefits to the company but there are also some drawbacks so company’s management has to take into consideration many factor before making decision to go public.

Pros of going public:

There are many reasons why companies go public ant their reasons vary just like the benefits and challenges they face.Going public, especially trough an IPO bring certain amount of prestige for a company and it often creates buzz of excitement. In general it will improve perception of your company in public as a legitimate business and increase its profile.

Biggest advantage is financial. It is a great way to obtain large amount of capital and to do it fast. Company will be able to raise money in cost-effective way that doesn’t require borrowing debt. Raised capital can be used to fund growth and expansion of the business, to acquire new businesses, for investment or repaying existing debt.

If your company is public that means that it has listed stock on some of the exchanges and because stock are traded they behave as a currency. In that way you can use it to acquire other companies or your competitors.

Being a public company means that your business will have more visibility and public awareness will be on a higher level than when your business was in a private sector. Listing on a stock exchange often creates a lot of hype that leads to heighten awareness of your products and services among the business community and customers. It is especially beneficial because it will be easier to to business if your company is well known.

Another benefit regarding finances is that company’s financial status will be improved. Influx of cash raised trough IPO is going to improve balance sheet leverage and debt equity ratio. That means that securing financing will be easier in the future should it be needed.

Securities and exchange commission (SEC) demands from public companies that certain requirements are met like quarterly and annual reviews, legal reporting requirements and audited financial statements. When information about your company is filed with SEC it is available for all to see and it makes your business transparent and trustworthy.

Trading your stock on a market leads to a greater liquidity for management, employees and existing investors meaning they can sell their shares if needed. Stock option can also help company to attract top talents.
Cons of going public:
On the other side IPO process is lengthy and time consuming and expensive.

Companies listed on stock exchange will have to spend more money in order to comply with all the regulations. Besides quarterly and annual report you will have to disclose material items that arise during the year.

Senior management of the company will spend more time preparing the offering instead concentrating on the business.

It is true that going public brings greater liquidity for the company founders but you will probably have to wait some time to sell some of your shares. Selling your shares to quickly as an owner can send wrong massage to investors.

Taking your company public means that your ownership will be diluted to some extent and it is possible that you will have to consult board of directors that protect interest of shareholders when you make important decisions.

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What you need to know about preferred stock?

Preferred stock, also know as preferred or preference shares is one of the main types of stock besides common shares. It is considered that preferred stock is a hybrid security that combines properties of debt (fixed dividends) and equity (potential to raise in price). They are distinct from common shares because they don’t have voting rights but have higher claim on company’s assets and earnings. Terms of preferred stock are described in issuing document; they can be issued under any set of terms that is compliant to laws and regulations.

Preference in dividends is what distinguish preferred from common stock. Board of directors makes decision whether or not company will pay dividends to its shareholders. Dividends are specified as percentage of the par value or as a fixed amount. Common shareholders can receive dividends only if preferred shareholders are already paid in full if board decides to pay them dividends in the first place. This makes them similar to bonds but they don’t have same level of guarantees. If company is not operating well and choose not to pay dividends it is not in default. Almost all dividends are fixed but they can be set in terms of a benchmark interest rate. This means that preferred stock offers more predictable income and they are rated by major credit agencies. In comparison to bonds credit ratings are lower because guarantees for preference shares are lower. One more difference is that preferred dividends are payed after tax profits and bonds are paid before.

Dividend payments makes preferred shares less risky than common stock suitable for risk-averse investors. Although many individual investors purchase preference shares via online brokers, institutions are the most common purchaser because certain tax advantages offered to them. In case of bankruptcy they have higher senior position to common shareholders but junior to bondholders. Being less sensitive to company loss they trade within few dollars of the issue price which makes them non volatile type of security. On the other hand preferred shareholders will not participate in company success like common stockholders.

Although preferred shareholder don’t have voting rights some companies can use them against hostile takeover through shareholders right plan giving shareholders right to buy shares at a discount if one shareholder buys certain percentage of shares, diluting his ownership. They can also assign high liquidation value to preferred stock which must be redeemed in the event of change of control. Callability is another characteristic of preferred shares, meaning that the issuer can purchase them back after a certain date at stated value. If company decides not to exercise this option shares can continue to trade. They are also convertible, they can be exchanged for a set number of common shares under certain circumstances but not vice versa. Whether this is profitable or not for an investors depends on the current price of common shares.

When it comes to dividends there are more than one type of preferred stock. Cumulative dividends enables shareholder to receive all missed dividend payments. Only after all dividends in arrears are payed to preferred shareholders, common stockholders can be paid. Non-cumulative preference shares don’t have the same option, they will not accumulate if they are not paid on time. Participating preferred stock offers stockholder opportunity to receive extra dividends based on predetermined conditions.

Investor should carefully take into consideration both advantages and disadvantages when looking to invest. If you are looking to relatively low risk investment you should consider preferred stock. In case you have any doubts our consultants will be glad to answer your questions.

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What is the purpose of interim management?

Public companies often have two tier corporate organisation which consist of board of directors who protect shareholders interest and senior management who is responsible for day-to day operations and profitability of the company, including chief executive officer (CEO), chief operation officer (COO) and chief financial officer (CFO). When management is doing a good job business operations should run smoothly but as you probably know that is not always the case. In time of turmoil company can seek professional help in form of consultancy or more often by hiring an interim management whose job is to manage a company during a transition or crisis.

Interim management is modern troubleshooting management techniques that started in the mid to late 1970s gaining a momentum during the decades to come. Even though it bears similarity with management consultancy, interim management can deliver more effective solution in less time. In simple terms interim management offers you an opportunity to hire highly skilled and experienced executive who can manage a company during a hard times and produce solutions that will leave noticeable impact on your business. In time of crises timing is important so if you can’t find anyone suitable within the company or if you can’t find anyone on such a short notice interim management is the perfect solution.He or she can be appointed faster, speeding the process in that way and getting to what is really important, conducting and complete business related assignments.

Interim management bears many benefits that makes it a popular solution. usually operating on a senior management brings  experience and knowledge that makes them highly productive, maximizing probability of success. Their abilities should be the only criteria when choosing the right person in a role of interim management. Having someone new taking care of business that can five you a fresh outside perspective is always a good thing. By doing a good job, effectively solving problem and cutting cost interim manager builds a reputation for himself so you can be sure that it is in your and his best interest to help company transitions during rough times. Being interim management not only advisory role but engagement in implementation, being fully responsible for the outcome. Working with your team under your control interim manager will add value by delivering solutions that come through deep understanding of your company’s objectives.

Assignments for interim management can vary in scope and requirements depending on a situation, from crisis management, sudden departure or change in management to IPO’s, mergers and acquisitions;number of possible situation is endless. Carrying out the implementation, analysis and implementation depends on the situation. In case reverse takeover when old management steps out completely and there is certain time to get the affairs in order and make company current Mina Mar Group steps in as an interim management “cleaning” the company, doing all late filings making sure that everything that will make company up to date and make it profitable again is done. After the assignment is done and objectives are reached new management can step in. But we don’t stop there, we are always available to provide you with insight and guidance that come from our 20 year experience in the business. Contact us – MinaMarGroup.com

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