News Focus
News Focus
icon url

Monksdream

10/07/17 8:32 PM

#127904 RE: janice shell #127903

I figure after all is said and done, after a year, there would be enough money capable of being raised through convertible debt to pay the owner a nice salary for a couple more years until it even a toxic lender figures it isn't worth it. Then the company goes dormant. Doesn't file, and if the SEC doesn't delete most likely it gets hijacked or bought on the cheap.
icon url

integral

10/08/17 10:17 AM

#127925 RE: janice shell #127903

Stock trading on the OTC Link does not make for a "public company". Promoters sell bull shit. Technically, there are "public companies" that do not trade. Secondly, as far as I am concerned, the second you cash your first check from the sale of securities, you have liability.

This "going public" by stock promoters is pure bull shit, and it makes me cringe.

Which company is public:

1) An OTC Link traded issuer with 30 shareholders; or,

2) An SEC registrant that has no securities traded in any market with 5,000 shareholders.

I hate pumper and dumpers.