Who is a startup? Steve is a distributor for a company that has been around for YEARS! Not sure I would consider SMP a start up. I guess Steve as a distributing partner for them would be considered a "startup"?
Which begs the question will all the distributors of SMP look to go public like this as well? http://memrobotics.com http://memrobotics.com/faq Or is it some twist Steve has put on it by using a pennystock to help finance HIS part of the distribution business?
I found it a little curious to say the least. Along with those forgiven loans Parsons made to him PRIOR to the merger being finalized.