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Wednesday, January 16, 2013 2:27:30 PM
If you don't audit your financials, then you can't uplist to the OTCBB
If you don't uplist to the OTCBB, you don't gain legitimacy
If you don't gain legitimacy, you can't then eventually uplist to the NASDAQ, NYSE or AMEX
If you don't uplist to the NASDAQ, NYSE or AMEX, you can't get institutional investors.
So of course they are 'forced' to audit.
BTW, every company listed on the AMEX, NASDAQ, NYSE and OTCBB has subjected itself to the "long and expensive process" of an audit.
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