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I was with you on the first part, in other industries such a loss making company might have difficulties going public. But lost you on the second part. It's n

I was with you on the first part, in other industries such a loss making company might have difficulties going public. But lost you on the second part. It's not for the SEC (in my opinion) to police who can and can't go private in terms of how their busines is doing. That's for investors to assess when deciding whether, or not, to buy shares. The SEC's concerns should (again IMO) focus on whether the company seeking to IPO has been truthful in their prospectus. As long as they're not misleading investors, that's fine.

will_brown 8y ago
>That's for investors to assess when deciding whether, or not, to buy shares. Yes for a public company...but it’s the SECs job to regulate who can have public offerings to begin with. As I’ve iterated in the thread it’s not legal to publicly offer unregistered private stock to non-accredited investors and let them choose to invest or not. The SEC protects investors and our markets.