And you know this firsthand? Your dead wrong I've been around in the investment business for 35 years and I can tell you firsthand that filing is a priority for corp transparency.
Regardless of the funding timeline that you keep saying they blow through...it is what it is. It takes on average a minimum of $5,000-$60,000 for a company to be certified with Sarbanes-Oxley compliance and that's when your already trading. To clean up the books and become filing from the pinks it's a process and sometimes it is very difficult for a myriad of various reasons that I'll not get into. It is extremely time consuming and pricey...depending on each shell there are different issues.
For myself- and you can think what you want- but the single most important thing right now...is to become a filing entity. How do they attract capital without it- IMO you don't? Would you fund a company that has never been a filing company? You don't know the condition of the shell and if there are any liabilities,debts lawsuits etc...you get the picture. A clean shell that files will be in a much better situation to attract funding and capital than one without- and that's a fact because I know what I am talking about.
How do you know if there are no current issues with the shell and that's what's holding up the funding? The answer: you don't. It very well could be A OK- but until we see the filing I'll stick to what I know. It's not a transparent situation at this moment for shareholders to view. If and when it does...it will allow everyone to get a better picture. I'd rather see a filing entity than running dark without lights-funding or no funding I could care less. I want a filing transparent company financials to hang my hat on...and if the money goes see ya...who cares. There is always another girl on the corner...
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