WestPark Capital, Inc. is a full service investment banking and securities brokerage firm which serves the needs of both private and public companies worldwide, as well as individual and institutional investors.
We are committed to forging lasting partnerships with emerging growth companies and the investors who back them. Our simple approach is to provide customized financial solutions for virtually any need. A complete range of investment banking and brokerage services are available to our valued corporate and individual clients.
97.74.47.239
A WRASP™ is a process in which a Company becomes publicly traded through a Share Exchange and trades directly onto a Senior Exchange– NYSE Amex or the NASDAQ, completely bypassing the OTCBB. WestPark’s WRASP™ blends components of a Public Offering and a Share Exchange, encompassing the cost effectiveness and timeliness of a Share Exchange while also retaining the increased market awareness and liquidity of a traditional Public Offering.
97.74.47.239
WestPark Capital's RTO Deals
posted by The Traveller on Saturday, March 26, 2011
WestPark Capital's CEO, Richard Rappaport invented a mechanism he called WRASP, in which a company becomes publicly traded through a reverse merger and trades directly on a senior exchange (NYSE, Amex, or Nasdaq), avoiding the OTCBB completely. Rappaport praises his invention, stating that it has "generally proven to be less costly, less time consuming, involves less risk and even less dilution of ownership than a traditional IPO or a reverse merger. ... The 'WRASP' generally possesses superior liquidity, valuation and institutional coverage, combining the benefits of an IPO and Reverse Merger."
In the past two years, WestPark completed five such WRASP deals. A sixth, China Wesen Recycling Technology, is currently in the IPO pipeline.
* March 2009 - NIVS IntelliMedia Technology (NIV, NYSE Amex)
* October 2009 - ZST Digital Networks (ZSTN, Nasdaq)
* January 2010 - China Electric Motor (CELM, Nasdaq)
* June 2010 - China Intelligent Lighting & Electronics (CIL, NYSE Amex)
* February 2011 - China Century Dragon Media (CDM, NYSE Amex)
Now the New York Stock Exchange has halted trading in three of those five stocks last week. CDM was halted on March 21, at market open, and both NIV and CIL were halted on March 24 at 9:51am. NYSE Regulation issued a press release about the CDM halt, stating that it "is evaluating both the need for certain public disclosure, as well as the overall suitability for continued listing of the Company’s common stock." The company was requested to provide additional information to NYSE Amex on or before March 24, 2011, and while the company announced that it intends to fully cooperate with the regulators, the trading halt is still in place this weekend.
china.fixyou.co.uk
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