You kind of say it yourself. Going public needs a huge amount of reporting work, and for the most part, it’s not just red tape. If a company is public, all its

You kind of say it yourself. Going public needs a huge amount of reporting work, and for the most part, it’s not just red tape. If a company is public, all its information has to be dealt with in a proper, open way. It is just prohibitive for small businesses. The scope for abuse of investors in such nano caps would be huge, just think penny stocks right now.