[rswail]

If you want Option 1, then stay a private company.

Don't ask the public for money and then not provide any of the corporate requirements under the SEC for the proper operation of the markets.

You can't have both.

[jbecke]

You can, e.g. Zuck/Meta. (I understand you are making a moral argument, not a legal one, I understand it, I disagree, courts disagree too)