Why is this a pubco? Financial results came out yesterday and about what was expected, 1.5 cents per share profit. Not bad given it trades at a dime. Wondering why the board bothered going the pubco route though. Loans are provided by related parties, so financing isn't an issue. Mgmt fees are reasonable. Don't see the purpose of the company paying excessive legal, regulatory, transfer agent, shareholder communication fees when there doesn't seem to be any benefit. What's the end game here? Anyone care to surmise? Seems there would be way more profit and way less headaches if this was private. There is no promotion here and doesn't look or trade like a takeover target so why bother?
GLTA