On the contrary, I'm well aware of the costs of public a publicly traded company. Those costs - auditing, filing for CUSIP numbers, bookkeeping, etc- haven't gone up because of OTC Markets Group, they've gone up because of inflation, market forces, and increasingly complexity in FINRA regulation and the tax system. You seem to have a simplified view of how the world works if you think the ECN is to blame - especially when there are alternatives (which you, for a second time, failed to address, yet again). If you want to know what small publicly traded companies are really bitching about [in the aggregate, look no further than uncertainty, FINRA, and lack of access to capital in the banking sector - it isn't OTC Markets Group their complaining about [in the aggregate].
You seem to have a wonderful fantasized opinion, but you have yet to provide any numbers (like I have) or provide any insight into history (like I have) to actually back up your warped sense of reality.
Furthermore, it just seems like you think companies should have unfettered access to the capital markets without having to provide any information whatsoever. If they shouldn't have to file SEC forms and they shouldn't have to file the "non-required" unaudited financial forms (the alternative OTC Markets provides), why should they have access to the national capital market? They can always go to the bank, find private investors, etc - just like any other private company. To echo my last response, you seem to bad mad at the SEC and FINRA for demanding higher levels of transparency, not OTC Markets Group for doing what they were pushed to do by not-so-veiled threats from regulators. You want a casino, and that was determined to not be in the best interests of the NMS - most of which is beyond the control of the ECN. The same issues you say apply to OTC Markets Group apply to FINRA's OTCBB.
And, besides, if there was really a market/need for the type of capital market you want, a competitor would have sprung up. Except it hasn't - which means there isn't a need and/or the SEC and FINRA won't allow it.
AI
