Monday, September 13, 2010 2:44:00 AM
Well that is too bad for investors, but how important is it to JBII? I don't think that JB is thinking about RRSPs when he thinks about uplisting. He is thinking about getting more exposure, perhaps thinking that will solve everything for him. I think he is highly overrating the value of that exposure. Certainly he is not trying to improve his debt/equity ratio, because he does not have one.
He did a good job of getting the stock price up there, which allowed him to raise funds at a nice price of $4. Then he "came to realize" that he needed to have a better accountant to uplist.
Well, his getting a better accountant screwed the stock price, which defeated the purpose of uplisting in the first place. He would have been better off to get the business going first, then upgrade the accountant. He is focussed on the wrong things..
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