Not at all, the fastest way to grow a Public Company is through Acquisitions, period!
Wellington Shields is a very reputable Wall Street Investment Banking Firm. They literally fund 100's of Companies each year with this exact scenario, which is their business model. Backing a Pink Sheet Company and bring them to the Big Boards is how they make their money, not on up front fee's.
I spoke to Bob Chance about it and he was un moved by the postings as he knows they do not know what they are talking about! He did say Wellington was not pleased and that they are turning this over to their legal dept. for possible action against any and all participants who slandered them! I don't think that was a very wise move! They have 31 Attorneys on Staff!
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