Well your were in PXCE with righty and it is an obvious scam. I do give you credit though. You do seem like a decent guy, from your past. Hopefully you stick to the straight and narrow and you will never see me on any of your stocks.
A company that goes public does so for one reason. To raise money to pursue their business plan. They do that by selling shares in their company. That's the whole point of going public. If they can't raise enough money, then they fail.
I dispute that.
A lot of penny stock companies go public to sell stock.
There is never any real business plan nor any plan to run a real business.