No, the SEC never issues a public statement to indicate that it has deemed a registration effective. It only tells the company, who can then tell whomever it likes. Typically it will then inform all the selling shareholders.
If you want to know for sure whether it is effective or not, you have to call the company. Typically, you call the CFO or corporate counsel, and ask "has the registration for your recent SB-2 been deemed effective yet." And they will tell you "yes, it was deemed effective about two weeks ago," or they will tell you something like "we just received comments from the SEC, and we're preparing an amendment to the prospectus," or whatever. It's a big deal, so they will know. As a public company, they are obligated to answer questions of this sort, so there's nothing wrong with calling and asking.
I've done this many times. If you really want to know exactly when the selling is likely to begin, it's the only way. Otherwise, you can just watch for the first or second SB-2/a, and speculate that it will happen a week or two after it is filed. |
