Pinksheets and Reverse Mergers

[rpr]

I've always been skeptical of reverse mergers.

I have a friend who has made millions taking a company public on the Pinksheets a few years ago. But now his stock is very very low. So he's planning to leave as CEO and start a new public company with $25M he has raised.

My questions for the financial people is, if I wanted to take a company public on the Pinksheets should I consider retaining an attorney to do a self-filing SB-2 or 10-SB? The only benefit for doing a reverse merger is time right? I don't particularly want to buy a trading shell or a virgin shell if I can just create my own much cheaper.

I want to go with the new Pinksheet OTCQX for credibility.

Anyone have experience with this?

Thanks.