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colectinmrnj

02/17/13 5:10 PM

#37124 RE: dreamonjon #37123

I agree that this is worth backing. A past blog indicated they would be looking into getting this done. Worth applying pressure to get accomplished.





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headintothelake

02/17/13 5:14 PM

#37125 RE: dreamonjon #37123

We agree? What? lol

Seriously, here is my point.

Getting your financials audited by a PCAOB-certified CPA can be pricey, 10-20K is not uncommon.

However, doing so creates transparency and accountability, which opens up the company to a whole slew of new investors.

Uplisting would accomplish the same, exponentially so.


So if they spend 10K to get the books audited, or even 30K or so to get uplisted, it's not a stretch to see a pps of anywhere from .02 to .05 fairly quickly.

Right now every quarter they're selling 10M shares at an average of about .005 (this last quarter).
That gets them $50K.

If the pps was even just .02, they would only have to sell 2.5M shares to get $50K

The company could sell 2.5M shares to get $50K to invest in the company.

And that would leave 5M less shares that would have to be sold, which would help the pps, which would make investors happy.

Financially, it completely makes sense.




imo
Lake