I also think this is a tactical maneuver. IPOs are getting a very negative feel from the general public right now. If Careclix gets all their ducks in a row as a public company and can blast on the scene without anybody talking about their financials or about how many of the founders are going to become Millionaires and billionaires they can actually take the market by storm.
I think this will be the new form of going public (not necessarily grey sheet) much like the direct listing we just recently saw for Slack.
Penny stock mentality does not work here.
Traditional IPOs are also not working very well except for Insider enrichment.
Shareholders of IPOs aren't making out like we are because most aren't accredited investors able to be in before the IPO.
The insiders Will not be passing up on millions, they are just delaying the reward. Unfortunately the millennial generation is known for wanting instant gratification so they can't understand this concept and they think something's a scam if they don't get paid today.
I think we are seeing major changes in the financial Market entrance game
prag·mat·ic
Dealing with things sensibly and realistically in a way that is based on practical rather than theoretical considerations.
Synonyms: practical, matter-of-fact, sensible,commonsensical, businesslike, no-nonsense;
