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Thursday, February 25, 2016 4:45:57 PM
Geez. I'm assuming the costs that are required to get things settled or begin the process ends up being close to 6 figures when everything is submitted and all the attorney work ect. is done. And most penny companies don't have even a tenth of that money to spend so they don't even bother fighting it because the costs vs. reward doesn't add up even if they could somehow do something. Not to mention 99.9% of these companies don't have the money to hire an attorney, get financials updated again, pay for an attorney letter to be issued, have the attorney follow up with the SEC for them and get all the documents needed, get current with the state ect. as im sure there are many more costs as well to start the process. When all is said and done it probably costs around 6 figures, what CEO/Penny Company has that money or can dream of that type of money to even start trying to resolve the issues?
All of my posts are strictly my own opinion. Please do your own DD before making any investments and only risk what you can afford to lose
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