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