3c hapter - Index of

4. Steven Deller, Ann Hoyt, Brent Hueth, and Reka Sundaram- Stukel,
“Research on Economic Impact of Cooperatives,” University of
Wisconsin Center for Cooperatives, June 19, 2009, http://reic.uwcc
.wisc.edu/summary/.
5. Melanie Warner, “ Wal- Mart Eyes Organic Foods,” New York Times,
May 12, 2006. www.nytimes.com/2006/05/12/business/12organic.
html.
6. The 2010 NCB Co- op Top 100 Report can be found at www.coop100.
coop.
7. Joop De Boer, “The Reinvention of the Co- Op,” part of “The Top 10
Trends for 2011,” The Pop- Up City, Jan. 3, 2011. http://popupcity.
net/2011/01/top-10- trends- for-2011/.
8. Aaron Smith, “When Workers Take Charge,” CNNMoney.com, Sept.
23, 2009. money.cnn.com/galleries/2009/smallbusiness/0909/gallery.worker_owner_coop.smb/index.html.
9. “Steelworkers Form Collaboration with Mondragon, the World’s
Largest Worker- Owned Cooperative,” United Steelworkers Media
Center, Oct. 27, 2009. www.usw.org/media_center/releases_advisories?
id=0234.
10. Jane Burns, “Willy St. Co- op Members Raise $1 Million for ‘Willy
West’ Project,” Wisconsin State Journal, May 13, 2010.
11. www.ontario.coop/cms/documents/212/2008_Quebec_Co
-op_Survival_Report_Summary.pdf.
Chapter 12
Notes 239
1. For an initial listing on NASDAQ’s Capital Market (formerly called
the NASDAQ SmallCap Market), companies must have a minimum
market value of $15 million or have net income of at least $750,000
in the latest fiscal year or in two of the last three fiscal years, as well as
a minimum of one million publicly held shares. Requirements for its
Global Market listings are much higher. Listing fees are a minimum
of $50,000. Source: Listing Standards & Fees, July 2010. NASDAQ.
The “Big Board” NYSE has even higher hurdles. See www.nyse.com/
regulation/nyse/1147474807344.html.
2. In its more familiar form, Reg D, rule 504 offers an exemption for
private placements (to accredited investors) of up to $1 million. But
when used with certain state securities laws and the SCOR form, the
rule provides a flexible basis for a DPO with no limits on advertising
or the types of investors. For a good discussion of Reg D, rule 504, see
http://katovichlaw.com/2010/09/29/ the- dual- nature- of-rule-504/.
For a fuller explanation of federal securities exemptions for small businesses,
see: www.sec.gov/info/smallbus/qasbsec.htm#eod6.