Forgive my ignorance. It seems OTCBB and Pink Sheet stocks break down into two categories: 1. Stocks formerly listed on major exchanges that failed to meet minimum requirements and were demoted to OTCBB/pink. 2. Stocks that are new, development stage companies. Evaluating opportunities in the OTCBB/pink space, I'm wondering why any company with an objectively promising business model would be publicly available for investment via OTCBB/pink shares, vs Venture Capital investment. There must be other opaque risks that account for publicly available ownership, or justification for the regulatory/audit/administrative cost of issuing stock. If an opportunity is objectively valuable, why would stock be available at all?