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A company selling on the microcap market is planning submitting a S1 form to the SEC which is a submission for an IPO. The company has also said it is trying to limit the amount of floating shares. My question is why? does filing this mean they are planning a second offering perhaps on the big boards? can they re-submit a S! for an IPO and move to the big board? If not, then what could they be doing?
Thus, I would imagine they are at the point where they have vested interest to be listed on the big boards versus say as a pink sheet. Furthermore they are obviously trying to raise more funds in the process.
I can't see any other real reason for them to file an S1 unless they really actually wanted to go public.
__________________ Blain Reinkensmeyer
Founder, stocktradingtogo.com
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