Rules on 'going public' is loose as a goose. Anyone can do it if they are willing to pay out application fees and do the paperwork. There are no checks and balances as the SEC would lead you to believe.
Would not want to interfere with the backbone of the American Way: good ol' Capitalism and free enterprise.
Known loopholes and lack of oversight and deterrence/enforcement allows dirt-bags to use the system for their benefit: accessing the right to issue public shares for purchase by the unwitting.
Most here understand that buying shares in Pinkyland is risky. The level of the risk that can occur is an unknown and a lot more so than anyone thinks.
Most playing in Pinkyland just "trust" the CEO/management of a new company that presents a business plan or product that "makes sense" hoping they can move through the 'start-up' process and actually make a go of it.
Fools 90% of the time with the remaining 10% being 90% sub-par and never attaining their potential as seen by the investors in the first place. Imagine those odds.
I see SOUM in the latter portion of the big pink cloud. Just playing now with the thought that there is a chance of the miraculous spike in the pps.
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