Praxsyn Corp (PXYN)

[namtae]

Glad you said it

Why else would a "legitimate" company go public but to generate working capitol to grow their operations

Agreed!! Yet we see PXYN didnt go public to generate working capital... They are unbankable, as you pointed out and havent raised capital

as it seems they cant get bank financing

Therefore they fail to meet the criteria you laid out for a legitimate company to go public.

However, they do meet the criteria to go public for a stock selling scheme:

100s of millions of shares entering the market by SHELL HOLDERS stuck in the predecessor company..

An outrageously termed deal for a "LEGITIMATE COMPANY" to make with an otc shell...giving up 76% equity ownership

Glad I could help

PS/ Working capital is current assets - current liabilities