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Tag Archives: Rhodes Holdings LLC

Going public costs, more than you would think…

Going public always costs more than one would think, even someone who is involved in the industry and has taken many companies public over their careers.  Recently we put together a cost estimate for one of our clients based upon a go public project last year.  We normally say going public costs $250,000 and an on going annual cost of $250,000 for the clients we normally provide services for.  What emerged was a cost of approximately $200,000 without any internal costs (which we normally include in the costs as well as recruiting costs for board members, executives, investor relations professionals, stock transfer agents, CPA’s, auditors, and others).

We provide the approximately breakdown here for reference only – please do not take these as non-volatile nor fixed in any way.  Please do not use these outside of for discussion purposes only!


This “Go Public” cost estimate document is copyrighted in 2015 by Rhodes Holdings LLC, all rights reserved.

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Posted by on September 1, 2015 in BLOG

 

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Liberty Energy Corp. executes farm-in agreement with Delta S Energy LLC

Houston, TX / ACCESSWIRE / October 28, 2014 / Liberty Energy Corp. (‘LBYE’ or ‘the Company’) announces today the funding of a farm-in agreement with Delta S Energy LLC to make improvements to four (4) of the Company’s existing wells and upgrade infrastructure assets on their Baylor County leases. As part of the agreement, Delta S Energy LLC was granted the first right option “… to purchase all or part of the available working interests in the first 3 new drills to be spud on the leases for the period ending 12/31/14…”

 

Robert C. Rhodes, Delta S Energy LLC representative commented on this initial Liberty Energy Corp. project, “We invest in ‘base hits’ like purchasing a fractional working interest in wells with production history, and Liberty Energy Corp.’s leases provide us a great playing field. We funded Delta S Energy LLC with the expectation of partnering with companies like LBYE to leverage our experience with public companies and expect future opportunities with LBYE like our initial agreement.”

 

“We like the investment by Delta S Energy LLC into our Baylor County leases as it represents an independent endorsement of our production with upside corporate mandate. These capital improvements will increase production and improve infrastructure. This meets both short and long term objectives of the Company” stated CEO, Arthur Roy.

 

ABOUT LIBERTY

Liberty Energy Corp. (LBYE) is an independent oil & gas company dedicated to sourcing, exploring, developing and producing U.S. onshore oil and gas reserves. Headquartered in Houston, Texas, the Company has acquired several leases with extensive potential for future development. Further information at: http://www.LibertyEnergyCorp.com or email rkarpel@libertyenergycorp.com

 

About Delta S Energy LLC

 

Delta S Energy LLC is a recently funded organization that invests in oil & gas projects with low risk profiles and return on investment time horizons of less than twelve (12) months. Delta S Energy LLC is a sister organization to Rhodes Holdings LLC, which provides strategic consulting for public companies. Further information on Rhodes Holdings LLC is provided at http://RhodesHoldings.wordpress.com.

 

Safe Harbor Statement

 

Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Liberty Energy Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Liberty Energy Corp.’s anticipated financial performance, business prospects, new developments, strategies and similar matters. Liberty Energy Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law. Please read our full disclaimer at http://www.libertyenergycorp.com/contact/disclaimer/.

 

Contact

 

Rita Karpel, Investor Relations
Liberty Energy Corp.
rkarpel@libertyenergycorp.com
832-663-2688 (Phone) 832-459-7335

 

Robert C. Rhodes
Delta S Energy LLC
Robert.Rhodes@Rhodes-Holdings.com
281-435-3917 (Phone)

 

SOURCE: Liberty Energy Corp.

 

 
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Posted by on October 28, 2014 in Business, News

 

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Public companies, who are your shareholders…

Since Rhodes Holdings LLC does work out (when they get into dire situations, we are engaged to help work out of the situation, bringing everyone to the table and putting a plan together that gets everyone to the goal) on public companies and provides ongoing support for public companies who are SEC reporting (1934 Act registered), we cover processes that aren’t necessarily covered by “Being Public 101“.  This is a class that we provide to new clients to ensure that they understand all of the intricate details and interactions of the public disclosure process.

If you are interested in retaining us (Rhodes Holdings LLC) for work out services, interested in the “Being Public 101” class for your company, or just working with us to walk through the reporting process with your SEC professionals, please contact us either from our Contact Us Page, e-mailing info@rhodes-holdings.com, or calling 281-435-3917.  Here are a few miscellaneous topics that have come up recently for a few clients…


CUSIP

Most public companies have only one registered security that is traded in the public markets – most frequently their Common Stock shares.  Of course, there could be multiple classes of Common Stock (not a common practice, but we have seen it, most notably with Colorado Goldfields Corp, website, who has two different classes of Common Stock, Class A and B) and multiple classes of Preferred Stock as well.  Some large capitalization stocks not only have Common Stock but also have multiple Preferred Stock shares and bonds.  If these are traded in the public markets, each class of stock or bond will have its own unique identifier – in this case its CUSIP number, which stands for Committee on Uniform Securities Identification Procedures (see the SEC.gov definition below).

“A CUSIP number identifies most securities, including: stocks of all registered U.S. and Canadian companies, and U.S. government and municipal bonds. The CUSIP system—owned by the American Bankers Association and operated by Standard & Poor’s—facilitates the clearing and settlement process of securities…”

QUESTION

How do I get a CUSIP for a new security?

ANSWER

Your SEC counsel will most likely do this for you, but they will go through CUSIP.com to receive one.

QUESTION –

How do I find out what the CUSIP is for my shares?

ANSWER –

The quick answer is look on the face of your paper certificate if you have one.  Most certificates come with the CUSIP on its face as do most bonds.  Transfer agents usually subscribe to a service that provides all this information and they will probably be happy to help you find out the CUSIP number.  If you’re looking for the online equivalent, we haven’t found one lately – if you know of one, please post it here.

Common stock issued in 1967

Common stock issued in 1967 (Photo credit: Wikipedia)


NOBO and OBO Lists

Building upon our knowledge of securities at this point, the next step will be doing due diligence on who your shareholder base is.  This will come in three forms:

  1. Paper certificate holders
  2. Non objecting beneficial shareholders (‘NOBO’)
  3. Objecting beneficial shareholders (‘OBO’)

If you have every opened a brokerage account, you will have filled out countless forms and one of them asked, “Do you object to the brokerage releasing your name to the company?”  If you replied in the affirmative, you became an OBO for all the stocks held in your brokerage account.  If you replied in the negative, you became a NOBO.

To understand more about this, all the brokerage houses subscribe to a service called the Depository Trust & Clearing Corporation or DTCC for short (sometimes people still use DTC for short).  Basically all the brokerage houses deposit their stock certificates and shares with the DTCC and their holdings become a book entry in the DTCC accounts.  Each brokerage account holder at the brokerage is held in “street name”, or more precisely only the brokerage’s name is held at the DTCC.  The DTCC then takes the certificate and holds this in its vaults (interesting aside – their vault is in lower Manhatten Island and was flooded out during the last hurricane that swept through.  Many of the paper certificates were lost, and the public markets are still coming to grips with what that means).

So, when an officer or professional associated with a public company wants to get a list of the shareholders of the company, they would ask a company called Broadridge Financial Solutions, Inc. to provide a NOBO list.  This NOBO list ties all the DTCC street name entries to the brokerage account holders that have not objected.  You can find more information on receiving these lists at Broadridge’s website page for Corporate Issuer Solutions.

Remember though, it requires two days at least to receive so you have to plan ahead (it always takes me about a week though).


© 2014 by Rhodes Holdings LLC, all rights reserved.

 
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Posted by on September 30, 2014 in BLOG, Business, Public markets

 

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Public company disclosure continued…

website ideas

website ideas (Photo credit: Sean MacEntee)

Following along with a previous post here on Rhodes Holdings LLC’s website entitled “Public company website disclosure“, I wanted to ensure that everyone in public company management got some updated disclosure notices.

General “Investor Page” disclosure

Here is an updated version for your page (replace the “COMPANY XXX” with your company’s name):

The content on these pages may contain information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our expectations or forecasts of future events.  You can identify these statements by the fact that they do not relate strictly to historical or current facts.  They may use words such as “anticipate”, “estimate”, “expect”, “project”, “intend”, “plan”, “believe”, or other words and terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective products, future performance, results of current and anticipated products, expenses, the outcome of contingencies such as legal proceedings, and financial results.

Any or all of the forward-looking statements we make could turn out to be wrong.  They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties.  Many such factors will be important in determining our actual future results.  Consequently, no forward-looking statement can be guaranteed.  Our actual results may vary materially, and there are no guarantees about the performance of our stock.

We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to consult any disclosures we make on related subjects in our recent reports filed with the Securities and Exchange Commission. In particular, you should read disclosures in those documents identified under the heading “Risk Factors.”

COMPANY XXX provides a number of links (within the entire menu structure) that are not affiliated with COMPANY XXX, nor do we endorse these websites or the content. COMPANY XXX and its officers do not post comments nor reply to posts on investor message boards, nor do we sponsor or promote a specific message board over another. This lists Internet websites that provide community for our shareholders / investors.

SEC Filings Page

We recommend that you reference another website, specifically the filing page on SEC.gov, but you can embed this information very easily as well.  If you do have anything on your website, this disclosure should be listed as well:

The reports and other statements filed by COMPANY XXX with the Securities and Exchange Commission (the “SEC”) are current and accurate only as of their respective dates, and COMPANY XXX disclaims any responsibility to update or amend any information contained in such filings. Each filing COMPANY XXX makes with the SEC contains certain information as required by applicable SEC rules and regulations, and may not provide a complete description of the company’s business.

Press Release Page

Regulation FD requires issuers to use general distribution sites for the distribution of press releases, although this has somewhat been updated by the JOBS Act (although I would still issue through sites such as Business Wire or Reuters).  When on the issuers’ website, we recommend adding this:

All press releases contained in this web site were, to the best of COMPANY XXX’s knowledge, current and accurate only as of their respective dates. However, the passage of time may have rendered the information contained therein stale. COMPANY XXX does not review past press releases to determine whether they remain accurate, and information contained in such press releases may have been superseded or otherwise changed. COMPANY XXX disclaims any responsibility to update or amend any such outdated information.

Stock Quote Page

Once again, we recommend linking to other websites for quotes, including Yahoo! Finance, Google Finance, MSN Finance, etc.  The issuers website page that refers to the other sites should have this disclosure:

Stock price information is for informational purposes only and is not intended, and should not be relied on, for investment purposes. Historical and current stock price information is not indicative of future performance. All stock price information has been provided by a third-party source, and we make no representations or warranties as to the sequence, accuracy, or completeness of any such information.


© 2013 by Rhodes Holdings LLC, all rights reserved.

 
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Posted by on October 6, 2013 in BLOG, Public markets

 

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Global GSE Market, Inc. retains Rhodes Holdings LLC

Houston, Texas (October 3, 2013) – Global GSE Holdings, Inc. (referred to as “GSE”) announces today that it retained Rhodes Holdings LLC in order to implement strategies involving public company structure and financing that furthers GSE’s goal to become an S.E.C. reporting public company, providing further financial disclosure, transparency, and ultimately higher liquidity for GSE’s shareholder base.

Our investors have experience working with Rhodes Holdings LLC and its principal, Robert C. Rhodes.  Global GSE Market, Inc. management is pleased to have Mr. Rhodes helping us plan and implement phases of our business plan that will bring value to our shareholders,” said Ms. Maria Vallejo, President of Global GSE Market, Inc.

The major goals for our project associated with Global GSE Market, Inc. are:

  1. Consummate a transaction with a public entity; Global GSE Market, Inc. recently signed a Letter of Intent (“LOI”) with Cornwall Resources, Inc., which Mr. Rhodes is currently the Chairman and CEO.
  2. Provide current information through the OTC Markets disclosure platform.
  3. Update shareholder information available on OTC Markets as well as the GSE website, including a fact sheet and shareholder presentation.
  4. File an S.E.C. registration statement in order to become a 1934 Act S.E.C. reporting publicly traded company.
  5. Make an equity line facility effective from American Equity Fund LLC that will provide an ongoing capital source.  This may be associated with #4.

ABOUT RHODES HOLDINGS LLC

Rhodes Holdings LLC (referred to as “RHL”, https://rhodesholdings.wordpress.com) provides management consulting services that allow its clients to seek financing through the public markets, either through mezzanine debt, equity, or bank debt.  Mr. Rhodes is also the Managing Member of American Equity Fund LLC (http://americanequityfund.com), which provides equity line facilities for reporting publicly traded companies.

ABOUT GLOBAL GSE MARKET, INC.

Global GSE Market, Inc., a Nevada corporation (“GSE”) with operations in Houston, Texas, is a leading online company for reselling surplus aviation ground support equipment.  The exclusive online model employed by Global GSE Market, Inc. on its website at http://www.gsemarket.com matches supply and demand globally for used heavy equipment, while achieving great reach, price performance and efficiency relative to the fragmented network of brokers, dealers and physical auction houses that have traditionally served this market.

ABOUT AMERICAN EQUITY FUND LLC

American Equity Fund LLC (“AEF”, http://americanequityfund.com) provides an alternative funding mechanism, an Equity Line Facility (“ELF”), for SEC reporting publicly traded micro-cap companies that want to take control of their financial futures.

SAFE HARBOR STATEMENT

The statements in this release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  The results anticipated by any or all of these forward-looking statements may not occur.  The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.

 

CONTACT

For Rhodes Holdings LLC:

Robert C. Rhodes
https://rhodesholdings.wordpress.com
robert.rhodes@rhodes-holdings.com
Main office 281-600-6000 extension 3

For Global GSE Market, Inc.:

http://www.gsemarket.com
investor@gsemarket.com

 

 
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Posted by on October 3, 2013 in BLOG, Business, News

 

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BenchMark Energy posts financials on OTC Markets

Coldspring, Texas (September 11, 2013) – BenchMark Energy Corporation (OTCPink:BMRK) achieved Current Information status through the OTC Markets disclosure platform and is providing expanded information on its updated website (http://benchmarkenergy.com). The Company also retained Clear Financial Solutions, Inc., a financial services organization, in order to makes its financials ready for OTC Markets disclosure, as well as being ready for a PCAOB audit, required for filing registration statements with the U.S. Securities and Exchange Commission. The Company has retained Mr. Steven M. Plumb, CPA of Clear Financial Solutions, Inc., to become Chief Financial Officer (“CFO”) of the Company and help complete this registration.

Mr. Plumb remarked on the engagement, “It’s exciting working with BenchMark Energy Corporation while it emerges from its formative stage and achieves this major milestone. We look forward to a long and rewarding relationship with Benchmark and moving into the next phase of our engagement with them and the engagement of PCAOB auditors. The team assembled by BenchMark’s CEO, Mr. Mark Bateman, now includes Clear Financial Solutions Inc., Rhodes Holdings LLC, and Lunaria Holdings LLC, and shows that BenchMark is working towards enhancing its shareholder value by providing timely financial disclosures.”

The Company has now achieved the first three objectives in its current 90 day plan – assembling a “dream work out team”, public disclosure on OTC Markets, and enhanced shareholder information through an updated website presence.

Goals still remaining in Phase 1 include providing a fact sheet and investor presentation, engaging a PCAOB auditor, and concluding “work out” activities. In Phase 2, the Company will focus on operations to increase our share of the domestic glycerin marketplace.

ABOUT BENCHMARK ENERGY CORPORATION
“BenchMark Energy Corporation (OTCQB:BMRK) is the source for glycerin and related refined components, providing value through our industry knowledge.” – Our mission statement starts the story, but the rest is available at http://www.benchmarkenergy.com.

ABOUT CLEAR FINANCIAL SOLUTIONS, INC.
Clear Financial Solutions, Inc. (referred to as “CFS”, http://www.clearfinancials.com) is a financial services organization dedicated to helping its clients tame the financial reporting requirements of public companies, high growth divisions, and “work out conditions”. CFS’ seasoned partners and staff provide business solutions including Contract CFO Services, SEC Reporting, Technology Commercialization, Business Advisory Services, and SOX solutions for small to medium-sized businesses.

ABOUT RHODES HOLDINGS LLC
Rhodes Holdings LLC (referred to as “RHL”, https://rhodesholdings.wordpress.com) provides management consulting services that allow its clients to seek financing through the public markets, either through mezzanine debt, equity, or bank debt. Mr. Rhodes is also the Managing Member of American Equity Fund LLC (http://americanequityfund.com), which provides equity line facilities for reporting publicly traded companies.

SAFE HARBOR STATEMENT
The statements in this release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.

INVESTOR RELATIONS
Ashlee Guzman
(832) 691-0011
investorrelations@benchmarkenergy.com
http:// benchmarkenergy.com


© by BenchMark Energy Corporation, used by permission. Original press release available at AccessWire or the Company’s own website.

 
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Posted by on September 11, 2013 in News

 

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BenchMark Energy retains Rhodes Holdings LLC and Lunaria Consulting LLC

Deutsch: Glycerin

Glycerin (Photo credit: Wikipedia)

The Woodlands, Texas (July 16, 2013 ACCESSWIRE via COMTEX) – BenchMark Energy Corporation (OTCQB:BMRK) announces today that it retained strategy consultants to establish a sound foundation for implementation of its glycerin business plan. Lunaria Consulting LLC is already providing operational planning services yielding rapid forward movement towards previous disclosed BMRK’s goals. Rhodes Holdings LLC implements strategies involving public company structure and financing that furthers BMRK’s goal to become an SEC reporting public company, providing further financial disclosure, transparency, and ultimately a higher liquidity for BMRK’s shareholder base.

We finally got the dream team helping us refine our business plan and laying a sound foundation for its implementation,” said Mr. Mark Bateman, Chairman and CEO of BenchMark Energy Corporation. “Now we have a detailed project plan for how we will achieve our goals. Our activity has increased, and our productivity has already yielded some solid operational performance.

Our first goal is to provide expanded information for shareholders, potential investors, clients, and individuals interested in glycerin. We intend to provide a new website, a fact sheet, and an investor presentation within the next 30 days.

Our second goal is to publicly disclose our financials on the OTC Markets disclosure platform within the next 60 days.

ABOUT BENCHMARK ENERGY CORPORATION

BenchMark Energy Corporation (OTCQB:BMRK) is the source for glycerin and related refined components, providing value through our industry knowledge.” – Our mission statement starts the story, but the rest is available at http://benchmarkenergy.wordpress.com (soon to be available at http://www.benchmarkenergy.com).

ABOUT RHODES HOLDINGS LLC

Rhodes Holdings LLC (referred to as “RHL”, https://rhodesholdings.wordpress.com) provides management consulting services that allow its clients to seek financing through the public markets, either through mezzanine debt, equity, or bank debt. Mr. Rhodes is also the Managing Member of American Equity Fund LLC (http://americanequityfund.com), which provides equity line facilities for reporting publicly traded companies.

SAFE HARBOR STATEMENT

The statements in this release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.

INVESTOR RELATIONS

Ashlee Guzman
281-210-0063
benchmark@benchmarkenergy.com
http:// benchmarkenergy.wordpress.com

 

 
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Posted by on July 16, 2013 in News, Public markets

 

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