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Re: nyt post# 21891

Monday, 09/29/2014 12:55:43 AM

Monday, September 29, 2014 12:55:43 AM

Post# of 130723
Hmm, I am not sure where Chang promised this, can you please provide. As for Sawyer, this is what was said

DR. SAWYER:
Well, indeed. Most shareholders of VP realize there is and has been for several years a chill on the shares. Basically this means the shares cannot be traded electronically which most shares are traded. Efforts have been made in the past to get the chill removed but proved unsuccessful, unfortunately.

We have been considering becoming a fully reporting company and achieving a listing on a higher exchange level of reporting. One of the requirements for moving up is an audit and we have identified an accounting firm that is well known and have begun discussions with them to perform this audit. They have provided an estimate of $30K to provide the full audit plus to pay for out of pocket expenses. Somewhat related to this issue we have interviewed 3 firms that provide independent fair market valuations that would be necessary for consideration of any offer that is submitted to the shareholders for approval. We also chose tentatively chosen the firm that we consider would provide the most cost effective valuation based on their prior assignments.

Personally, obtaining listing on a higher exchange would be contingent upon obtaining revenues from licensing or some other means. I don't feel it necessary until that point as it would simply be a waste of time and money, AIMO of course...
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  • 1M
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  • 1Y
  • 5Y
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