maximize shareholder wealth?

[Eddie W]

If you think once the corporation goes public, the corporation could start to dump the stocks to the market to get every possible dollar, you are wrong.

Let alone it's illegal. I am not going to talk about the legality of it. If people don't do things because they are illegal, we could be living in a next to perfect world. People don't do things only because there is no money involved.

Company goes public to absorbe the working capital is for a long term view, not to run a scam.