RE:I love the line in the BNN IfomercialIf you go back to about 5 CCs ago this comment would make a lot more sense. Gibbons, since you won't do that, I'll try to paraphrase what was said on that CC.
Guy asks question: What is your advantage in this business, your moat?
Dalsin: I believe in order to do what we're doing in the US, you have to come to Canada and list on the venture in order to raise the 7M. If you want to initially list on the NASDAQ and only raise 7M, they'll laugh; the smallest raises done are in the 50-100M not 7M. So for a starter company, like PHM, with 4M in revenue run rate to raise 7M and test their business strategy, they have to list on an Exchange like the Venture.
So in otherwords, they were simply too small.
Also, the OTC market is less regulated and it helps that PHM is one of the few quality Healthcare stocks in the Canadian market. Cheers!