Replies to post #161221 on TAP Real Estate Technologies Inc (RWAX)

[Double Dragon]

it cost a $500,000- 1million bucks for a new company to ipo in nasdaq and requirements ar stick like minimum $100 milllion in asset value...essentially pay the gov't to have the privillege of listing your shares in some exchange. if you company only has 5 million in revenues paying 1 million to get shares traded in the some exchange is too much cost plus annual listing cost. the reason many investors don't buy stockss not listed in nasdaq. there is no market for stocks listed in the OTC only for foreign ADRs of foreign companies..but its a small market nobody cares about owning foreign ADR anymore it's become tax headache for investors to owning foreign ADR they are better off owning some foreign ETF and regulators now let brokers charge ADR fees. which is stupid. disincentive to not own the ADR..they want people buying forreign ADR and buy their ETF and make money on fees for doing nothing of much value other than less paper work for american investors owning forreign companies

[TenKay]

So?

They did it right. They never went anywhere near the OTC.

I am always amused at these irrelevant comparisons.

One could make the same argument for almost ANY scam penny stock.

People are really reaching now to give this scam some sort of legitimacy.