RE: spec 9929 Apr 2022 00:47
Most small companies, any small company be it a mineral exploration company, a pharmaceutical , a tech , airline, or head transplant company are launched to attract money because the people running them do not want to put their hands in their own pockets. Most fail. Bang goes the money the investors put in. If there is a chance they will be successful, the company is bought by a a bigger company for a price far below the IPO. That’s how it works.