Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Verified Perscriptions System ETCR -- Ignore unavailable to you. Want to Upgrade?

To: theenthusiast who wrote (197)	4/19/2002 12:18:25 PM
From: uthabros	Respond to of 397

Why don't you call Tom Hughes, I'm sure he'd be able to lead you to the promised land. ;>)))!!!

To: theenthusiast who wrote (197)	4/20/2002 4:13:34 AM
From: DaiTN	Read Replies (2) \| Respond to of 397

Got a good nap, a good dinner, bad movie.... No hot date tonight , so here I am. :) Regarding your thinking about buying a shell for your business. I am assuming that you are the sole owner, and it is a business that don't require millions of dollars in capital expenses to set up and run. From what you said, I understand also that your business is already standing on its feet, currently generate profit, and has potential of growing at a good rate. It sounds like a proven business concept. One question is, why would you want to take what you have (your business with proven concept) and share it with the public in exchange for more headache, less control, major new expenses, scrutiny by shareholders and by government agencies?. Running a mom and pop business is nothing compare to running a public company, it is a totally different ball game. It requires lots of knowledge from your end, as well as a good team of professionals to back you up since you can not do everything by yourself like a mom and pop business. You can still control the vision and direction of your business, but you will no longer managing your business, you will be managing people. Totally different ball game. By taking the company public, you offer the public a piece of the pie of your proven business concept; in exchange, you get a large amount of cash to make yourself an instant millionaire. By giving up a percentage of your business, you also benefit from the new wealth (instant wealth instead of 10 years down the line), and a small piece of a much bigger pie instead of getting a whole, but tinny small pie. Most OTC companies are not this way, they are companies that only have an idea or concept, and they need money to develop the idea. They are not established companies with profit. The owner offers shares to the public asking investors to invest in the company, to share the risks in developing the idea or product. The owners don't have a mean or a way to start the business without public money, very unlikely they can develop it on their own without public funding. I hope you can differentiate what I tried to say. If buying a shell, take your company public, and make yourself instantly wealthy, then by all mean, do it. Otherwise, pay your due and growth your company with hard work. It takes longer to get rich, but easier to manage and tailor it the way you want. Going public, giving up a % of your business, just to have an opportunity to raise cash is not a wise thing to do IMO; especially your business is already established and profitable. About what I said "When you guys want to do an OTC pie in the sky business, then call me. Shorter time, better profit, faster race to financial independent. Morally, it sucks, but dollar wise, it is a lucrative business.....lol". What I mean was,...if your business is similar to a timeshare resort somewhere on Mars or Venus, then get a shell and try to get investors buying into your idea is the only way to go. You get rich faster this way, rather than trying to make your money from the profit of the business itself. :))) When you want to do the timeshare thing on Mars, let's me know. I need 3 months head start to open myself a Swiss account and learn some Spanish just in case.....lol