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Here your answer, about why PINK? A question

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1234zxcv   Friday, 10/06/17 11:30:38 AM
Re: MJAM2020 post# 31868
Post # of 34651 
Here your answer, about why PINK? A question that has been asked is, why start on the Pinks? There are a few reasons, NYSE and Nasdaq
companies for the taking just don’t exist and if they do, the acquisition cost is probably close to around
$100 million. Starting from scratch with an S-1, fund raising, FINRA, IPO process is time consuming and
our story would have been lost in paperwork drafts and amendments. Going with the OTC market puts
us on a “fast track” and we are using this platform only as a stepping stone to building our shareholder
base, our financials, making sure our in-house compliance department is in order so when we decide to
up-list, we’ll be ahead of the curve. With the pipeline of companies we have signed to Letters of Intent
to purchase, we would meet the listing criteria with our initial acquisition. Are we going to apply right
away? Probably not, I’d like to build our consolidated financials first. We’d like to have some real size
and depth before considering.


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