David, it may very well be possible for some companies to go public using the services of a law firm, a CPA firm, and an underwriter, as you wrote. However, quite often, smaller companies are managed by the technical/creative people who developed the company product etc. Quite often those people don't all have the administrative/management background to bring the company public.
Additionally, you are missing part of the business goals, as I understood them from Brad. EUTO has personnel with strong financial and business expertise. They are selling "management consulting". In some cases this will mean providing the expertise to bring the company public. In other cases it may mean an ongoing contract for management consulting services, which could provide revenues on a monthly basis. I think you would agree that there are some very successful management consulting companies that already exist.
Also, I understand that another goal for EUTO is to package and market products. Again, I suspect there are successful companies in this area as well.
I can not say that EUTO will definitely be successful. I haven't met the people, and right now, those people are the commodity that EUTO is selling. However, as a business concept, in my opinion, there are other companies, some successful, in the same business.
Only time will tell if EUTO will become successful. If you have some specifics regarding your concern that "their alleged business smells", I sincerely would love to hear them.
Judith |
