What a nonsense statement! Going public initially or later are two different ways to fund a business. Neither one makes a company real or not real...
And buying a shell company is the smartest thing a startup that wants to go public can do. Do you have any clue how expensive going for an initial IPO can be? Buying a shell and changing the ticker is the easiest and cheapest way to go public in the OTC.
Is that is why SEC just rewarded $OWCP by declaring S-1 effective? I thought S-1 wouldn't declared effective if there was an investigation going on? What happened? Fantasyland wishful thinking rules changed again? :-)
Oh boy...Fantasyland nonsese is just getting funnier!