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.
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Finance 101 for new media company owners – what happens when you get asked to “go public”? Cornwall Ontario – September 11, 2010 added by admin on
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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.
I can attest to the fact that you are not a bit loonie……loony perhaps……but not loonie!
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.
GO PUBLIC ! LETS MAKE SOME MONEY! EVERYONE LOVES A SELL OUT LOL.