Tuesday, July 08, 2014 9:43:34 PM
And you know this firsthand? Your dead wrong I've been around in the investment business for 35 years and I can tell you firsthand that filing is a priority for corp transparency.
Regardless of the funding timeline that you keep saying they blow through...it is what it is. It takes on average a minimum of $5,000-$60,000 for a company to be certified with Sarbanes-Oxley compliance and that's when your already trading. To clean up the books and become filing from the pinks it's a process and sometimes it is very difficult for a myriad of various reasons that I'll not get into. It is extremely time consuming and pricey...depending on each shell there are different issues.
For myself- and you can think what you want- but the single most important thing right now...is to become a filing entity. How do they attract capital without it- IMO you don't? Would you fund a company that has never been a filing company? You don't know the condition of the shell and if there are any liabilities,debts lawsuits etc...you get the picture. A clean shell that files will be in a much better situation to attract funding and capital than one without- and that's a fact because I know what I am talking about.
How do you know if there are no current issues with the shell and that's what's holding up the funding? The answer: you don't. It very well could be A OK- but until we see the filing I'll stick to what I know. It's not a transparent situation at this moment for shareholders to view. If and when it does...it will allow everyone to get a better picture. I'd rather see a filing entity than running dark without lights-funding or no funding I could care less. I want a filing transparent company financials to hang my hat on...and if the money goes see ya...who cares. There is always another girl on the corner...
Regardless of the funding timeline that you keep saying they blow through...it is what it is. It takes on average a minimum of $5,000-$60,000 for a company to be certified with Sarbanes-Oxley compliance and that's when your already trading. To clean up the books and become filing from the pinks it's a process and sometimes it is very difficult for a myriad of various reasons that I'll not get into. It is extremely time consuming and pricey...depending on each shell there are different issues.
For myself- and you can think what you want- but the single most important thing right now...is to become a filing entity. How do they attract capital without it- IMO you don't? Would you fund a company that has never been a filing company? You don't know the condition of the shell and if there are any liabilities,debts lawsuits etc...you get the picture. A clean shell that files will be in a much better situation to attract funding and capital than one without- and that's a fact because I know what I am talking about.
How do you know if there are no current issues with the shell and that's what's holding up the funding? The answer: you don't. It very well could be A OK- but until we see the filing I'll stick to what I know. It's not a transparent situation at this moment for shareholders to view. If and when it does...it will allow everyone to get a better picture. I'd rather see a filing entity than running dark without lights-funding or no funding I could care less. I want a filing transparent company financials to hang my hat on...and if the money goes see ya...who cares. There is always another girl on the corner...
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