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Re: kingreyes9999 post# 3596

Saturday, 03/27/2010 8:43:39 AM

Saturday, March 27, 2010 8:43:39 AM

Post# of 92684
You being a co-founder, I am sure you realize that it takes about $100,000 and approximately 6 months to bring a company into a fully reporting company. The audits, forms and such that are required, take financing and time. Their credit is $400,000, is it not?
You can lead some to believe that they are hiding, I would like to suggest that they are using their money/time wisely to get the company off of the ground and after they have established themseleves and can handle the flow of product they will become a fully reporting company. I think this is a great business decision.
Maybe they feel it to be wiser to put their money into expanding the manufacturing facilites, as the through put is going to be larger than they had anticipated.
No need to become fully reporting if the financing is working out well now. Fully reporting is to bring more share holders into the picture for extra financing, is it not?
Spirit