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cyberbullymouse

09/02/12 11:35 AM

#30580 RE: Sportsjunkie #30576

How about we make it a bit simpler? NONE of these companies should be going public until they've proven themselves real businesses first. "Development stage company", as used in the OTC, is a euphemism for "worthless shell company hellbent on fleecing idiots".

This whole "market" puts the cart before the horse. Why would a company need public investment before it has even developed a working business model. To add insult to injury, they often change business models mid-stream, like it's no big deal. One month it's a telecom company... check back 6 months later and et voilà!, it's a junior gold.

Sorry, the whole thing is just ridiculous.