DD Support Board and Research Team

[hedge_fun]

NONE of these companies should be going public until they've proven themselves real businesses first. "Development stage company", as used in the OTC, is a euphemism for "worthless shell company hellbent on fleecing idiots".

This whole "market" puts the cart before the horse. Why would a company need public investment before it has even developed a working business model.

You mean like FB going public after they developed a working business model?

Wasn't that IPO just a pay day for insiders that were.....

hellbent on fleecing idiots

They stated in SEC filings that NONE of the money raised was going for business development, right? Oh wait, that's not the OTC, and they had a proven business model as you said a company should before going public, didn't they?