The frustrating part of this is why not advertise you are a public company. There is a value from a sales standpoint from being a full SEC reporting company.
When they go in and bid most if not all of their competition is small, private companies. A statement of "A full SEC reporting publicly traded company in the brochure lends automatic credibiliity. However, to the majority of the public a pink sheet stock trading under a $1.00 is viewed as a scam. File the financials, get current, then do a 1:5 or 1:10 reverse split to make the stock be above $5.00 or whatever. The owner is not diluted and we are all the same just a different ratio of the float.
I understand that with the rash of Chinese reverse mergers that have turned to be fraudulent that the SEC would want to sniff around a newly reporting one. Here is the problem that I have with the supposed concerns regarding the SEC signing off on the financials. I have never seen the SEC sign-off on financials proactively. Generally, the SEC would review the financials and then file and send a response letter with any informationt that they disagree or want clarified.
Get the filings done and use it to push sales. Our interests are aligned until your lockup period ends. I will sell and take my loss on the shares if I don't see anything by mid-September.
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