[kogepathic]

> Yes, we need retail investors to be able to invest in micro cap level companies.

No retail investor will invest in a micro cap company because the cost to perform due diligence is too expensive for the amount they want to invest.

Retail/institutional investors want a company they can put 10-1000 million dollars into. For this size of investment, the due diligence research is worthwhile. For a micro cap company, they can't throw that amount of money at them because it'd be larger than the company's market cap, so basically the investor would be buying the whole company (and the investor doesn't want to buy the company, just own a portion of it).

Basically, the administrative overhead for investment institutions is too large for micro cap companies. Just look at how much money is in Small Cap ETFs versus other ETFs.