Finance 101 for new media company owners – what happens when you get asked to “go public”? Cornwall Ontario – September 11, 2010

Cornwall ON – I was never terribly good at finance or certain types of business zeitgeist.    I like to create and build things.  That’s what turns me on.

When I started The Cornwall Free News it was suggested I was a bit loonie, but we’re about to celebrate our 1 Millionth page view and have had two offers to purchase us as we approach our 2nd anniversary.

This week a conversation evolved about us becoming a tradeable stock, or “penny stock” as it was described to me.   I’ve traded stocks a few times, but frankly it’s beyond my focus.

Apparently it’s the best way to raise investment dollars to help build a company so I’m going to listen to a few folks and chat about it to see if its remotely an avenue to help get us to the next level of our growth.

I thought I’d give you our viewers a say in this by creating a poll and of course you can post your comments below.

Would you buy shares in The Cornwall Free News &

View Results

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Coffeys Coffee Cornwall DBIA Schnitzels


  1. Stay private….. Otherwise you’ll eventually be at the beck and call of your shareholders who may only be looking for profits not the communities best interest.

  2. I can attest to the fact that you are not a bit loonie……loony perhaps……but not loonie!

  3. You are allowed to raise one million dollars on the Venture exchange if you put up a fee of about $30 grand to the exchange. It gives you a year or two to bring your shares to a particular price.


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