Quote:
Originally Posted by Apache
@polosco,
Issuing house is very important bcos these are the guys that are going to see to it that all the hurdles are crossed for the comapny to meet the listing requirements for the stocks to be listed on the exchange. It also gives a level of credibility to the offer.
That one of the reasons Cashcraft and Union diagnostics are having issues bcos Cashcraft is not experienced as an issuing house. Also, you will notice that most of the PPs handled by IBTC are usually juicy bcos IBTC are selective in the PPs they package.
Summary, Issuing house is very important. Infact, it was one of the reasons i didn't subscribe to the Union diagnostics stuff. Don't want to be involved with anything concerning cashcraft.
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I support the view that issuing houses are important, particularly their credibility. I do not think IBTC or FBN Capital would sponsor a sham PP or PP that has a little chance of success or that is a devise for swindling subscribers. They have their names to protect and would not want to compromise certain standards.