You are correct that you should hold a public company accountable and make them responsible for their actions when they are taking public money. I agree!
I also believe that there is a huge difference in a pink sheet company and a NASDAQ or any other big board exchange. The difference usually is that the big board company hires a CEO and a bunch of executives who have run companies for a while and know all of the ins and outs of running a public company. They are on the big boards, they are held to a higher standard and because of that, there is a bit less risk involved. These companies are run by men and women who have been to business school and made all the mistakes with smaller companies on the way up. They are businessmen and have had visions of being a CEO since day one. It's where you invest for a "safer" ride.
Pink sheets on the other hand, are often companies that have CEOs and other management that have no idea how to run a business or all of the ins and outs of running a finely tuned public machine. They are upstarts, and they are reverse merged shells and they are created by people who have an idea, a service or a product and they want to give it a go and need public money to get said idea, service or product to market. So they go public... but just because they are public doesn't mean they are business savvy... it doesn't mean they are more focused on the business side of things like deadlines, Quarterly filings, website updates, SOS updates, etc.. They are by all accounts learning on the job. They didn't go to business school and they don't have delusions of grandeur that they'll be the CEO of Apple or Google one day.
And because of this, Pinks are risky and it's where you invest if you expect to buy a lotto and those doing so who are educated on pinks, know it's not going to be a "safer" ride or a polished ride. They are going to forget lots of things on the business side. You can expect a duck to bark and try to call it something else... but a duck is still a duck... and a pink is still a pink. Don't expect some beverage guys who are solely focused on building a brand, and getting a beverage produced and distributed... which is what they know... to be a polished business school grad. It's just not the way it is.
AI
