FEND Securities Expert Witness
5529 Bedford Avenue Los Angeles, CA 90056
3106493663 fendmase@ca.rr.com FEND Securities Expert Witness
Mason Alan Dinehart III Arbitrator - FEND Securities Expert Witness

SCORECARD

INITIAL PUBLIC OFFERING (IPO) SCORECARD

 

 

Name of Offering Names of Officers:

 

Description:

 

The following information is only intended for review by representatives of Broker Dealers and is not authorized for distribution to the public

 

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1. Company/Officers: ____Experience : # of yrs. in bus. a. More than 10 yrs.(5 pts)b. 8 - 10 years           (4 pts)c.  6 - 7 years             (3 pts)d. 4 - 5 years             (2 pts)e. 1 - 3 years              (1 pts) 2. Net Worth Consideration: ____(Prior to IPO) ( Neg.  D/W ratio - 1 pt.) a. $5,000,000+                   (5 pts)b. $2,500,000-$4,999,999 (4 pts)c. $1,000,000-$2,499,999 (3 pts)d. $500,000 - $999,999     (2 pts)e. $Negative net worth   (1 pts) 3. Financial Track Record/Litig. ____(Hist. of operating losses/Def. Wk. Cap.) a. Oper. gains from incept.  (5 pts)b. Oper. gains-most rec. yr (4 pts)c. Break-even - curr. yr.       (3 pts)d. Oper. losses - curr. yrs   (2 pts)e. Oper. losses from incep  (1 pts) 4. Load Factors :($5-10MM offer.) ____ a. Less than 10% (5 pts)b. 10% - 11%        (4 pts)c. 12% - 13%        (3 prs)d. 14% - 19%        (2 pts)e. 20% or more     (1 pts 

5. Liquidity (inc. guar.) ____

 

a. Fully liq. NYSE hist (5 pts)

b. App. NYSE/ASE     (4 pts)

c. App. NASDAQ list (3 pts)

d. Listing app. pend.   (2 pts)

e. Illiq. not to be trade (1 pts)

 

 

6. Self Dealing/Conflicts: ____

 

a. All "arms length"  (5 pts)

b. Pay self - 1 area     (4 pts)

c. Pay self - 2 areas   (3 pts)

d. Pay self - 3 areas   (2 pts)

e. Pay self in 4+areas(1 prs)

 

 

7. Dilution:            _____

 

a. Less than 25%  (5 pts)

b. 25% - 50%         (4 pts)

c. 50% - 65%         ( 3 pts)

d. 65% - 75%         (2 pts)

e. More than 75% (1 pts)

 

 

8. Percentage of Supply/Demand:____

 

a. 90%

b. 95%

c. 100%

d. 110%

e. 120%

 

9. Assumptions:_____

 

a. Very conservative criteria & safeguards                       (5 pts)

b. Semi-conservative criteria with many safeguards       (4 pts)

c. Semi-aggressive criteria with some safeguards           (3 pts)

d. Aggressive criteria with few safeguards                       (2 pts)

e. Aggressive criteria with virtually no safe-guards        (1 pts)

 

10. Risk Factors:

(% of Normal Risk)

 

a. 80%   (5 pts)

b. 90%   (4 pts)

c. 100% (3 pts)

d. 110% (2 pts)

e. 120% (1 pts)

 

TOTAL POINTS _____

 

Note: A minimum of 35 points (70%) is required for

due diligence consideration. Further, a score

of one (1) in any one category may cause the

offering (IPO) to be rejected.

 

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                                                                                         SCORECARDS

 

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Reproduction, photocopying or incorporation into any information retrieval system for external or internal use is prohibited unless permission is obtained from the publisher, Financial Education Network Development (FEND).

 

FEND - Securities Expert Witness

Telephone: (310)641-0377

FAX: (310)649-3663

Email: fendmase@ca.rr.com or tremase@fend.com

 

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