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janice shell

12/10/18 11:00 PM

#143866 RE: MikeKnowsRunners #143864

And how long would it take to do that offering? Most S-1s specify that the offering period will be at least one year. And of course S-1s have to be deemed effective by the SEC. That can take eight months to a year and a half or more.

Have you ever come across an OTC issuer that successfully raised $40 million in an initial offering? I haven't.