RE:RE:RE:effort Junior companies need to spend money to survive. The TSX charges $1,000 or more per month to maintain a listing. Accountants charge to maintain a companies book, typically around $100 per hour. Auditors charge $15,000 or so to vet a companies books each quarter. Lawyers charge for each filing, typically working out to $30 to $50k per year. Rent need to be paid. All of this without a nickel going to the President and CFO, positions of liability that must be filled.
Overall, a company spends a lot to retain its listing and trade publicly, something that benefits all shareholders.
So where does this money come from? Without new shareholders, new money, the well will run dry. Without all of the above listed expenditures,
the company gets delisted and shareholders have shares they cannot sell. Valueless.