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Re: trader guy post# 83318

Monday, 11/09/2009 3:18:07 PM

Monday, November 09, 2009 3:18:07 PM

Post# of 343807
You are 100% correct, I know down to the dime the cost for a private company to go public.

It doesn't cost a dime however for a company to prepare and present unaudited financial statements. Something as simple as an exported quickbooks report would suffice. The only cost associated with this is the $500 application fee and $3,000 annual fee to pinksheets. http://www.pinksheets.com/pink/products/news_service.jsp

Any CEO of a publicly traded company should at the very least provide shareholders with this basic information. If paying the fees and providing unaudited reports are to much of a burden on a public company, it has no business being public in the first place.

I also agree with you 100% that many pinksheet companies are real companies, I have worked with a few.. but the vast majority of them at the very least make an effort to provide shareholders adequate financial information.




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