Comp; Nice Article you found there. I've been reading up on alot of the changes that are coming to the Markets, I just wonder how many of the Scamming, Pink Sheet Shell Stocks, (that have no Business or Revenue, other than Issuing Shares until they are Maxed out, do a R/S, and start all over again), How Many of these Crooked People they are going to actually put out of business??? I'm sure many of them will just find some "Loophole" or a way around it, in order to keep Scamming the Market.
Personally, I think they should do away with Pink Sheets altogether, IMO, if a Company is not going to REPORT and BE TRANSPARENT, Then they should not be allowed to be Publicly Traded like thay have been, I think there should be a "MINIMAL AMOUNT OF REPORTING" That should be done by every Pink Sheet Company in order to be Publicly Traded, A Basic Minimum of Facts and Figures so the Crooked CEO's and Pink Sheet Boards cannot Fleece Investors like they have been able to do for so long. Thats just my opinion.
But on the other hand, Laws like Sarbanes/Oxley are Killing IPO's and Small Start-ups. While Laws like this may be good for the Larger Companies and their Transparency Issues, SOX has put such a "HEAVY FINANCIAL BURDEN" On the Small-Cap & Micro-Cap Stocks that it is Ruining the Basic Principles of Free Enterprise this country was built on. I think it needs to be Rewritten, maybe not for the Big Corporations, But Definitely for the Small & Micro-Caps. This Law should be changed to make the Financial burden on Small & Micros much less of an Expense, and Much easier for them to comply. This is one of the reasons why Companies like Michelex are Still Pink!!! The Huge Financial Expense of Complying with SOX. Most Small Companies & start-ups need that Cash to get their Business off the ground.
