Launched by FINRA broker-dealer Pennaluna & Company
Coeur d’Alene, ID (PRWEB)
November 14, 2013
PennStarter is a website focused on displaying investment opportunities to accredited investors. The team then works with many of the companies to help get them publicly traded on the OTCQX, OTCQB or OTC Pink marketplaces.
PennStarter will launch with three active investment opportunities and several more in the pipeline. Some of the investment opportunities available to accredited investors will already be public companies, while others may be working with the PennStarter team to list on the OTCQX, OTCQB or OTC Pink marketplaces. The PennStarter team has decades of experience assisting companies from their initial funding through entering the public market and expects a good response to providing those services on an online portal.
This concept is unique for investors as it focuses on providing them a potential exit strategy for their investment. Since investing in startup and early stage funding is known as being a very long-term investment, the idea that they may receive an option to exit earlier is appealing.
President Ron Nicklas states, “We are very happy with the initial feedback we’ve received regarding the PennStarter concept. Potential investors seem very excited at the possibility to invest in an organization that is working toward a plan to enter the public market, giving them an exit strategy. Companies are excited to use online funding resources while maintaining confidence they are proceeding legally through a FINRA registered broker-dealer. We are also able to take a large regulatory burden off their backs by assisting with verifying accredited status and changing JOBS Act regulations.”
About Pennaluna & Company
Pennaluna & Company (member FINRA/SIPC) has been focused primarily on the mining, metals and Canadian markets since 1926 but will be branching out into other industries with this latest venture. The company plans to bring online its decades of experience working with companies from their early stage capital raises through S-1 registration and taking them public on the OTCQX, OTCQB or OTC Pink marketplaces in the U.S. using FINRA Form 211. Pennaluna also has an online trading division, PennTrade, http://www.penntrade.com.