RetailRoadshow.com
The WSJ has an interesting article about a new service called RetailRoadshow.com that "provides electronic roadshows for individual investors seeking information about public offerings." Such a service is available for the first time because of new SEC rules that went into effect on December 1. Prior to these rules, publicly available roadshows would have been prohibited as "gun jumping."
The RetailRoadshow.com service is pretty impressive, not to mention free. Pick a company from their list of those that are about to go public and within seconds you are watching the CEO deliver a roadshow-type performance, complete with PowerPoint-type slides that track the presentation.
A couple other quick thoughts and observations:
- What is the over/under date for statements made during one of these roadshows showing up in a securities class action complaint? By the power vested in me, I'm setting it at June 30, 2006. I should point out that I set the over/under date for statements made in a corporate executive blog showing up in such a complaint at December 31, 2005, and, so far, it is looking like those who took the over are going to win.
- Speaking of that, look who is the star of the Buy.com roadshow...yes, that's CEO Scott A. Blum. Remember him? Business Week does:
"You may remember Blum from his previous venture, storage systems maker Pinnacle Micro. In 1997, he consented (without admitting or denying wrongdoing, as they say) to a cease and desist order from the Securities and Exchange Commission, which charged that Pinnacle Micro had improperly recognized revenue."
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